shares in this article
Tesla Model 3: No purchase option after the end of the lease
Tesla establishes itself in the used car market
No more possibility to buy leasing vehicles since April 15, 2022
Model 3: No purchase option after leasing
Back in 2019, Tesla stated that customers who leased a Model 3 would not be able to purchase the vehicle after the lease expired. According to electrek, the reason for this was that the company around Elon Musk was planning to use these vehicles in the planned autonomous ride-hailing network. “Please note that customers who choose to lease rather than own will not have the option to purchase their car at the end of the lease as we plan to use these vehicles on the Tesla ride-hailing network.” the company quoted. To date, however, the ride-hailing network has not yet been implemented.
Development in the used car market
Nevertheless, the step of not offering customers a purchase option after the end of the lease was very important for the US company, as electrek goes on to explain. Because these vehicles would have brought Tesla high prices on the used car market. Because of the long waiting times for Tesla vehicles and the increased prices, the used models fetched high prices. In some cases, they could even be sold at a higher price than they originally cost. As explained by insideEVs, electric cars take first place when it comes to the value of used cars. The reason for this is that they are only available in a limited number. Used vehicles from the manufacturer Tesla would fetch particularly high prices.
Leasing policy is extended to all Tesla models
While previously it was still possible to purchase models other than the Model 3 after the lease expired, Tesla is now extending its leasing policy to its entire lineup. As can be read on a company support page, customers who leased their vehicle after April 15, 2022 will no longer be able to buy it after the end of the lease. “Purchasing your leased Tesla vehicle is currently not available for vehicles delivered on or after April 15, 2022. After your lease expires, you may switch to a new Tesla vehicle or request a lease extension.” the enterprise. However, customers who leased their vehicle before April 15 may be eligible to purchase their leased Tesla. In order to find out whether you are entitled to do so, the leasing contract should be checked carefully.
E. Schmal / Editor finanzen.net
Leverage must be between 2 and 20
No data
More news about Tesla
Image Sources: VCG/VCG via Getty Images, Schroders