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Tesla Resale Buyback Guarantee requires 36 months of financing (not 6 months)

Discussion in 'Model S: Ordering, Production, Delivery' started by wq2345, Feb 14, 2014.

  1. wq2345

    wq2345 Member

    Feb 14, 2014
    First - I've been lurking here for a couple months, but I sincerely appreciate this forum especially over the forum at Tesla's own website. Yes it's my first post ever and hopefully I don't get flamed for what I'm putting up. Searching for information has been helpful, but I never did find a post with this specific info.

    Second - I've been driving alternative fuel vehicles since 2000 (see below). A Tesla has been my dream car for some time. Expected delivery of ordered Model S (S85, Black, Leather, Tech, parking sensors, subzero package) is late March. So right now, I'm in the process of figuring out what is the best way to pay for it (in my situation). It was a big decision for my wife and I to go for this and the financing & resale options were important to our decision making. I think that may be true of others and I hope what I post here will be helpful for them. Like anyone else I'm thrilled to be joining the Tesla family and can't wait for the car.

    In other posts around the forum, there has been mention that one could finance via Tesla and pay off the loan in 6 months and qualify for the resale buyback guarantee after 36 months:
    Tesla Resale Guarantee Document...

    I would assume that this remains true for those who received the guarantee that indicates "6 months".

    However, after asking several folks at Tesla, and then receiving the document related to my purchase (see attached, rec'd 2/18/14), it appears that it is now officially 36 months of financing required to qualify for the buyback guarantee.

    In the long run, this is not a deal-breaker for me, but I thought it was important to mention for others who might consider this important. I am now thinking about financing the least amount possible (with maximum down) via Tesla over the 36 months so that I still qualify for the buyback guarantee. Alternatively, I have considered the low financing rates of Alliant etc that other helpful members of this board have posted about. In the end, who knows if/whether the buyback guarantee is worthwhile - for me, I think I might feel better having the option.

    View attachment Tesla Financing Resale Value Guarantee 2-8-14.pdf

    If someone knows of anything different -- or of any way to still get the 6 month option - let us know!

    Go Green
    Currently: 2013 Toyota RAV4EV, 2011 Nissan Leaf
    Formerly: 2000 Honda Civic GX, 2000 Toyota Camry CNG, 2008 MiniE, 2012 BMW ActiveE
  2. jcaspar

    jcaspar Member

    Aug 19, 2013
    That seems right. Makes sense to require the 3 years.
  3. Atebit

    Atebit Member

    Jan 7, 2014
    Yes, this apparently changed from 6 months to 36 months around the end of 2013/beginning of 2014. My product specialist initially sent me a sample of the six-month buy-back document around that time. He quickly sent me the revised version. :)

    Personally, since Tesla not the finance company would be buying the car back in this case, I do not see the need to have to finance the car though their preferred companies to be eligible for the program. As is the requirement to pay for the annual service to be eligible for the buy-back, it seems like its just a "pay-to-play" move to help subsidize their service centers & help them make quota with their preferred finance companies.

    But since it is in fact Tesla's program, they can have whatever requirements they please & I am free to take it or leave it as I see fit.

    BTW "The least amount possible" to finance is 60% of the configured price. :frown:
  4. HHHH

    HHHH Member

    Jun 11, 2013
    Henderson, NV
    So is it 6 months for old financing clients and 36 months for new ones, or 36 months for everyone?
  5. jongt3

    jongt3 Member

    Jun 26, 2013
    Tustin, CA
    I took delivery in July and the requirement was 6 months. They can not change that for everyone who already got that deal.
  6. Uncle Paul

    Uncle Paul Active Member

    Nov 1, 2013
    Canyon Lake,CA
    Someone posted some time ago, advice to take out a 36 month contract with no intent on fulfilling it. Just pay for 6 months then pay it off. Wanted to game the system to obtain the buy back.

    Imagine those at Tesla seeing this post were not impressed. Probably triggered the change.
  7. Tony Chan

    Tony Chan Member

    Aug 28, 2015
    Hong Kong
    Hi I just put deposit for a Tesla S in Hong Kong. I am confused about the Guarantee Buyback program. Some friends say that Tesla only provides a credit to buy the next Tesla after 3 years. The sales say that the Guarantee Buyback program pays CASH and there is no obligation to buy a Tesla with it. The small print T&C does not mention anything on cash buyback. Can any owners or lawyers shed light ?


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