Tesla Motors Australia Pty Ltd hereafter referred to as Tesla.
What is the Resale Value Guarantee?
Tesla’s Resale Value Guarantee allows Model S drivers to sell their Model S back to Tesla during the 37th month of their Loan contract for a guaranteed resale amount that is specified at the time of delivery and is among the highest of any premium sedan brand.
This value is equal to 50% of the original base purchase price of the 60 kWh Model S plus 43% of the original purchase price for all of the options, including the upgrade to the 85 kWh battery pack (inclusive of GST and Luxury Car Tax but exclusive of all other taxes, delivery fees, registration fees and accessories).
Is the finance company backing the Resale Value Guarantee?
The Resale Value Guarantee is an agreement between Tesla and the vehicle’s original owner, and is separate from, independent of and does not affect the terms of your finance contract with the finance company. You will at all times remain responsible for all of the obligations and liabilities under your finance contract.
Does the Resale Value Guarantee apply for a business purchase?
Yes, you may qualify for the Tesla Resale Value Guarantee as a business customer.
Can I pay off my loan early?
If you choose to pay off your loan early, you may do so but the Resale Value Guarantee will not be applicable before 36 months. To exercise your Resale Value Guarantee, your loan must remain open for a minimum of 36 months from purchase date and remain in good standing for the duration of the loan. Once you exercise the Resale Value Guarantee the proceeds must be first directed to pay off any outstanding balance on your finance contract. If, after payment of the Resale Value Guarantee to the finance company, an amount remains outstanding on your finance contract, you will be required to pay this outstanding amount in accordance with your finance contract from your own funds. If the proceeds from the Resale Value Guarantee are in excess of the amount required to pay the outstanding balance under your finance contract to the finance company, then Tesla will pay the excess amount to you.
What are the stipulations (fine print) for a Loan contract?
To qualify for the Resale Value Guarantee, you must finance the vehicle (on approved credit) for a term between 36 and 60 months. To exercise the Resale Value Guarantee, the loan must remain open for a minimum of 36 months after the purchase date, and the account must remain in good standing. Please see the Resale Value Guarantee terms and conditions for further details on the program.
What are the mileage limitations on the Resale Value Guarantee?
The Resale Value Guarantee allows up to 60,000 kilometers over 36 months, with a $0.50 excess charge (inclusive of GST) for each kilometer over that amount.
How do you adjust for any excess wear and tear on my Model S?
Tesla will perform an appraisal and adjust the Resale Value Guarantee amount if we identify abnormal wear and tear or damage.
When can I return my Model S?
You may return your Model S to Tesla at any time during the 37th month of your loan for the amount stated on your Resale Value Guarantee.
Is the Resale Value Guarantee transferable if I sell my car?
The Resale Value Guarantee is an agreement between Tesla and the original registered owner only and may not be transferred to a second owner.
Who is eligible for the Resale Value Guarantee?
Any private or business customer who finances their Model S through a Tesla-agreed Loan program is eligible for the Resale Value Guarantee meeting the minimum term requirements.
Which finance partners are eligible for the Resale Value Guarantee?
Tesla offers the Resale Value Guarantee with a Loan with Macquarie Leasing.
Can this program apply to existing Tesla-financed Model S customers?
The Resale Value Guarantee program cannot be retroactively applied to owners who have already taken delivery of their Model S.
Where can I find my Tesla Resale Value Guarantee?
Your Resale Value Guarantee will be uploaded to your My Tesla account shortly after the delivery of your Model S.