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Tesla Is Starting a Certified Preowned Program

Posted by Soulskill on from the making-it-cheaper dept.

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.

5 of 126 comments (clear)

  1. A lease on a CPO might be interesting... by FlyHelicopters · · Score: 3, Interesting

    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.

    1. Re:A lease on a CPO might be interesting... by TWX · · Score: 4, Insightful

      On top of that, electric cars don't need the sort of fluids monitoring and maintenance that can make lease cars with gas engines undesirable; there's no, "don't change the oil for 50,000 miles, change it right before turning it back in" crap.

      Obviously regular wear items like interior parts, tires/suspension/alignment, and such will still be the same, but I'm used to driving cars up close to 200,000 miles anyway, so that's not such a big deal.

      --
      Do not look into laser with remaining eye.
    2. Re:A lease on a CPO might be interesting... by Alomex · · Score: 4, Informative

      Powerplants of every kind take a certain amount of mass, and as they rotate they induce a certain amount of vibration.

      Wrong: a free spinning wheel creates no vibration.

      Combustion engines create a lot of vibration by their very design with a crankshaft and four strokes pistons. Have you been on an electric car? the reduced vibration is notable. Other readers might have been on a dual diesel/electric train while traveling in Europe? One can tell when they switch to the diesel power plant on the station at the end of the electric line because of the increase in carriage vibration.

  2. You don't purchase back leased cars by gurps_npc · · Score: 4, Interesting
    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.

    --
    excitingthingstodo.blogspot.com
  3. Re:Opportunity by Anonymous Coward · · Score: 4, Funny

    Stan.