Tesla updates used-vehicle policy ahead of receiving massive influx of leased vehicles
Electric vehicle manufacturer Tesla Motors has updated its ‘certified pre-owned’ (used) vehicle policy this week. The changes have been made to the policy by Tesla Motors to stop ‘refurbishing’ of its used cars in the wake of a massive influx of leased vehicles coming back to the company because their 3-year leases are coming to an end.
The vehicle lease program was started by Tesla Motors in 2015. Under the program, the electric vehicles leased by the company are bought back, and are made to undergo a ‘recertification process’ in order to ensure that they are on point, including cosmetic repairs, if required.
After passing the vehicles through the ‘recertification process,’ a new 4 years contract and 50,000 more miles are added by Tesla for the more recent used vehicles.
So far as the older used cars are concerned, Tesla introduced a new type of warranty in 2017. Under that, the vehicles get a new two years and 100,000 miles (160,000 km) maximum odometer pre-owned limited warranty, along with round-the-clock roadside assistance.
Meanwhile, as a result of Tesla’s recently updated used-vehicle policy, some of the used vehicles listed by the company now come with a ‘Not Refurbished’ warning which says that the vehicle “has passed a 70-point mechanical inspection and will be cleaned before delivery.” The warning also adds: “If you would like any additional work that is not covered under your warranty, we can help arrange service after delivery for an added cost.”
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