Tesla residual value guarantee

Tesla residual value guarantee

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anonymous-user

Original Poster:

59 months

Thursday 9th October 2014
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Had this email today, extract of email below

Link to more detail here http://www.teslamotors.com/en_GB/financing/faq

Simple Finance.
With a guaranteed value.
Invest in innovation
Tesla has always innovated in every aspect of the automotive industry. The launch of the Tesla Resale Value Guarantee programme is no different. With the release of a popular hire purchase programme in the UK, our private owners now have the added option to sell their Model S to Tesla at a guaranteed price after three years of their hire purchase.
Rewarding
Tesla believes in doing the right thing for its customers. That’s why the innovative Resale Value Guarantee programme exists. We understand that many customers enjoy the simplicity of a Hire Purchase but also will appreciate an assurance of the future value of Model S. We put our customers first so much so that Tesla promises to buy Model S back from private customers during the 37th month of the hire purchase term for 50 percent of the base purchase price of the 60 kWh Model S plus 43 percent of all options, including the upgrade to the 85 kWh battery pack.
Ease of Ownership
With the Resale Value Guarantee, driving home in a new Model S couldn’t be simpler. Model S drivers can expect to save about £156 a month on petrol and enjoy additional savings of exemptions from road tax (£19 a month) and London’s congestion charge (£210 a month if commuting daily). With competitive financing, low running costs and confidence in the future, you can invest in quality and leave the worries behind.

mcflurry

9,128 posts

258 months

Thursday 9th October 2014
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Is that just a PCP of one form?

Swervin_Mervin

4,562 posts

243 months

Thursday 9th October 2014
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Sounds like HP but with a buy back option at guaranteed value. Win/win surely for customers?