Tesla guarantees resale value

TESLA has introduced a finance plan for its Model S luxury sedan, which guarantees the resale value of its high-performance electric vehicles after three years.

The American car-maker is offering to buy back any Model S purchased under the Tesla Resale Value Guarantee program for at least half the price of a 60kWh variant after 36 months.

By current pricing, that would equate to a figure of about $50,000 but the company will also add 43 per cent of any fitted options, including the upgrade to the high-performance 85kWh version.

The full guarantee value is only offered for vehicles that have covered fewer than 60,000km and the Model S must have been financed for a repayment term of between 36 and 60 months.

The guarantee is the result of a deal struck between Tesla and Australian finance provider Macquarie Leasing and offers a resale price “among the highest of any premium sedan made in volume.”Tesla Australia spokesperson Heath Walker said the finance and guaranteed value package gives further peace of mind to Model S owners.

“Every car owner wants a fair and transparent financing program and an assurance that their car will retain its value,” he said. “Only Model S gives us the ability to combine that for them.

“I am proud that Tesla can offer Model S owners increased confidence in the value of their purchase.”Tesla's Model S range kicks off in Australia from $110,837 driveaway for the Model S 60 when purchased in Victoria and tops out with the $169,228 P85D.