Tesla Undecided On Whether Or Not To Guaranteed Residual Value On Model S Outside Of U.S.
Tesla guarantees the residual value of the Model S in the U.S., but will the automaker take that same approach elsewhere around the world?
Well, according to Business Car, Tesla seems on the fence in regards to spreading this guaranteed residual outside of U.S. borders. Georg Ell, Tesla Motors UK and Ireland director, told Business Car that Tesla has not yet decided if it will follow that guaranteed residual format in the UK.
It took Tesla Motors quite some time after launching the Model S to get the guaranteed residual plan in place for the U.S. and, as we know, the Model S launched this summer in the UK, so perhaps in a few months or years Tesla will implement the guaranteed residual over seas, perhaps starting with the UK.
For a refresher on how the guaranteed residual works in the U.S., here’s Business Car’s statement on the subject:
“Tesla is guaranteeing US Model S customers 50% of the value of the vehicle after three years. It is also allowing US customers who have bought on finance to sell their Model S back to Tesla with the value equal to 50% of the original base purchase price of the 60kWh Model S plus 43% of the original purchase price for all of the options.”
And a snippet of Tesla’s statement from way back when:
“Tesla Motors announced today that it is raising the Model S resale value guarantee to be the highest of any premium sedan brand made in volume (excludes rare, low volume or limited edition vehicles). Buying a Model S through the Tesla financing offering now comes with a guarantee that the resale value will be higher than that of BMW, Audi, Mercedes, Lexus or Jaguar.”
Source: Business Car