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In the near future, you’ll be able to get a used Tesla Model S straight from the company.
The American electric automaker has confirmed that it is currently developing a certified pre-owned program that will compete with those offered by other luxury brands including BMW and Mercedes-Benz. As the Model S fleet starts heading towards being three years old, the company is “looking at CPO and how best to structure,” said Tesla’s vice president of communications, Simon Sproule in an interview with Automotive News.
SEE ALSO: Tesla to Launch Automated-Driving Technology
In April 2013, Tesla CEO Elon Musk announced the brand’s resale value guarantee which means current owners can return their vehicles after three years and recoup 43 to 50 percent of its original price. Those looking to take advantage of the guarantee will likely begin doing so in spring 2016 with even more eligible in 2017. Early signs indicate that the Model S will be valued even more than what the automaker promised to pay under the buyback program.
With the new Model X arriving next year, some Model S owners could even opt to trade-in their vehicles early in order to get behind the wheel of the brand’s new crossover. The big question is how much Tesla can get for a certified pre-owned Model S and whether there will be a demand for them.
GALLERY: 2013 Tesla Model S
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Image may be NSFW.
Clik here to view.
Image may be NSFW.
Clik here to view.
Image may be NSFW.
Clik here to view.
Image may be NSFW.
Clik here to view.
Image may be NSFW.
Clik here to view.
Image may be NSFW.
Clik here to view.
[Source: Automotive News]
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