With the first Tesla Model S still on sale for a discounted price of $35,000, and the second model expected to arrive in December, Tesla Motors is looking to increase the value of its second hand cars, at least temporarily.
The new second hand car deals that Tesla announced today are the first step in that direction, and it appears the company will likely be able to secure some of the best second hand deals in the market as it tries to convince potential buyers to buy the first car in the new model range.
Tesla announced today that it is offering customers a guaranteed second hand price for the Model S, Model X and Model 3, starting at $35K, up from $35k for the first two models.
The guaranteed price is also higher than the first-hand price of the Model X, which was $33K for the base model and $29K for those with an extra $50K to spend on the premium package.
Tesla also plans to offer customers the option to trade in their second-hands cars for a Tesla Model X or Model 3.
The Tesla guarantees are a first for the company, which has traditionally offered second hand prices to its customers for the sake of saving money.
It has also previously offered guaranteed first-time lease deals for Model S cars, and has also offered second-home buyers the ability to buy Tesla cars with the option of a third-party service center, similar to Amazon.com.
In its announcement, Tesla said that the guarantees will be available starting on January 19, 2018, and that Tesla plans to expand the offer over time.
The guarantee comes as Tesla has been slowly rolling out its first-ever guaranteed second-handed car deal, and is likely a reaction to a public backlash over the first second hand Tesla Model 3 deal.
The first guaranteed secondhand car deal came in January 2018, when Tesla said it would sell the Model 3 to a buyer who paid a $3,000 deposit upfront.
The second guaranteed second hands car deal announced today is similar, and also a first, and comes after Tesla launched the $5,000 guarantee for the Tesla Model 4 in May 2018.
The company has also started offering the guaranteed first and second hand options to existing Tesla customers, but this is the first guaranteed first hand deal that is also available to the general public.
The company will be offering its first guaranteed car for $3K in 2018, $4K in 2019, $5K in 2020, $7K in 2021, $10K in 2022, and $13K in 2024.
While Tesla has made some strides with its second-helicopter-related deals, the company is still far from being the most popular second hand vehicle dealership in the country.
The first Tesla Car Dealership in San Jose, California, has been around since 2015, and as of today, the San Jose dealership has more than 8,000 registered customers, according to the company’s website.
However, the number of first-timers in the state has been declining since the last two years, and this is likely to continue to be a major problem for the dealership.
While the company has made improvements over the last few years with its supply chain, it still has a long way to go before it can compete with the top third-hand vehicle dealers.
It still lacks a strong reputation in the second hand market, which makes it an attractive alternative for the average first-timer looking to pick up a car in hopes of saving on the price of their car.