Tesla Is Starting a Certified Preowned Program

cartechboy writes Most luxury automakers have a Certified Previously Owned (CPO) program. Tesla isn't like a normal luxury automakers, in fact, it's not really like any automaker out there. It doesn't have franchises and it sells its own vehicles through its network of galleries. Now, it plans to create its own CPO program. There are a great deal of Model S sedans out there currently under lease contracts. When those cars are ready to come back, Tesla has guaranteed that it will purchase them for a figure that falls somewhere between 43 and 50 percent of the original purchase price. This is exactly how Tesla's going to create its CPO fleet. Tesla seems to do everything in an unconventional manner, so we'll have to see if its CPO program behaves like every other automaker's, or if it's different somehow as well.

Comments

A lease on a CPO might be interesting...

[FlyHelicopters]

I have not found the Tesla S to be all that interesting due to price. For what you pay, it is expensive, in my opinion.

That being said, if they do a lease on a 3 year old copy for half the price of a new one, the monthly payment might get into an area that I'd be interested in.

I would expect a 3 year old Tesla S to be in better shape than your average 3 year old car, the early buyers are going to likely have taken good care of it and if it comes with another 3 year warranty, then no worries.

I actually wouldn't mind owning an electric, price is the primary issue right now.

You don't purchase back leased cars

[gurps_npc]

The lease ends and the cars are returned to the company that already owned them.

I know corporations like to pretend that lease = own, but they are not the same.