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https://insideevs.com/news/580327/tesla-ends-lease-buyouts-all-vehicles-starting-april-15-2022/
Submission: On April 19 via api from US — Scanned from DE
Submission: On April 19 via api from US — Scanned from DE
Form analysis
3 forms found in the DOMGET /search/
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Text Content
* News * Reviews * Features * Shop cars * Buying Advice * Makes * Body Style * Forum * Buy * Podcast * Photos * Videos * Ev Sales Scorecard USA / Global HomeNews TESLA ENDS LEASE BUYOUTS FOR ALL VEHICLES STARTING APRIL 15, 2022 THE COMPANY DID NOT SAY WHY IT MADE THIS DECISION, BUT IT MAY HAVE SOMETHING TO DO WITH WANTING TO CASH IN ON SKY-HIGH USED CAR PRICES. Apr 16, 2022 at 11:16am ET 65 By: Dan Mihalascu Customers who are leasing a Tesla from April 15, 2022, should know they no longer have the option to buy the vehicle at the end of the lease contract. The EV maker has updated the language on its website in the section dedicated to lease-end options under the "Eligibility" chapter as follows. > • All Tesla vehicles delivered on or after April 15, 2022 are not eligible for > purchase. > > • Third-party dealerships and third-party individuals are not eligible to > purchase leased vehicles. Mind you, the decision does not apply to users who signed a lease contract before April 15, 2022. They will still be able to buy the vehicle when their lease is over, although a purchase fee of $350 applies to cars delivered after April 13, 2019. > If you leased your vehicle before April 15, 2022, you may be eligible to > purchase your leased Tesla. Review your lease agreement to see if you qualify. For those customers who want to own the vehicle, Tesla continues to offer the option to buy it outright with cash or finance the acquisition with a loan. Previously, Tesla offered lessees the option to buy the vehicle at the end of the lease deal, with one notable exception. Starting in 2019, the automaker denied that possibility to users leasing a Model 3, arguing that it planned to use the vehicles for its upcoming autonomous ride-hailing network. Tesla offers no explanation for its latest decision, although it's not that hard to realize why it's doing it. Used car prices have skyrocketed since 2020, and electric vehicles make no exception. Actually, EVs are at the top of the pyramid when it comes to used car values seeing as they are in limited supply, with Tesla vehicles commanding particularly high prices. It's not uncommon to see a used Tesla EV offered up for sale at a higher price than a brand-new equivalent vehicle. Tesla likely wants to cash in on this and sell the used cars for profit as their lease deals expire or lease them again as used vehicles. It could also be that the EV maker wants to use the vehicles as part of its long overdue robotaxi fleet, but we wouldn't bet too much money on that given Elon Musk's recent statement that Tesla is planning a dedicated robotaxi with futuristic looks. This suggests the automaker has moved on from its initial plan of using regular Teslas with full self-driving capability as robotaxis. More stories on Tesla electric vehicle leasing ⠀ Tesla Lease Or Loan: Don't Overpay For Model 3 Or Model Y Tesla's New Financial Leasing Plan Offers 0 Down, There's A Catch Source: Tesla via Electrek By: Dan Mihalascu ++ * Share on Facebook * Share on Twitter * Share on LinkedIn * Share on Flipboard * Share on Reddit * Share on WhatsApp * Send to email ++ * Share on Facebook * Share on Twitter * Share on LinkedIn * Share on Flipboard * Share on Reddit * Share on WhatsApp * Send to email Got a tip for us? Email: tips@insideevs.com Car Buying Service Get upfront price offers on local inventory. Search for: New Cars Used Cars Select a Make Select a Model Select a Make Select a Model Trending Tesla Model 3: Negatives After 4 Years Of Ownership BMW Says Tesla's Electric Vehicle Dominance Is Over Mercedes-Benz EQS SUV Arrives With Seven Seats, Up To 410 Miles WLTP Range 2022 BMW i4 Vs 2019 Tesla Model 3: Which Is A Better Commuter EV? 2022 Ford Mustang Mach-E No Longer Available To Order In The US View more EVs for sale on 9 2014 BMW i3 Battery electric vehicles (BEVs) have a battery instead of a gasoline tank, and an electric motor instead of an internal combustion engine (ICE). CARVANA CERTIFIED INCLUDES: 150-POINT INSPECTION -- We put each vehicle through a 150-point inspection so that you can be 100% confident in the quality and safety of your vehicle. This inspection includes everything from tread depth of tires to thickness of brake pads to exterior paint quality to Bl... Price: $15,980 Range: 81 Mi Location: Nationwide 18 2019 BMW i8 Plug-in hybrid electric vehicles (PHEVs) have a battery and an electric motor. However, like gasoline vehicles, PHEVs also have a gasoline tank and an internal combustion engine (ICE). Leather Seats,Navigation System,Keyless Start,Bluetooth Connection,Heads-Up Display,Convertible Soft Top,All Wheel Drive Price: $111,498 Range: 320 Mi Location: Delray Beach, FL 39 2018 BMW 3 Series Plug-in hybrid electric vehicles (PHEVs) have a battery and an electric motor. However, like gasoline vehicles, PHEVs also have a gasoline tank and an internal combustion engine (ICE). Jet Black 2018 BMW 3 Series 330e iPerformance RWD 8-Speed Automatic 2.0L 4-Cylinder DOHC 16V 2.0L 4-Cylinder DOHC 16V. **Here at Sawgrass INFINITI you'll receive the expertise of our Factory Certified Sales Consultants and staff. Purchase your next vehicle from the comfort of your home and have it... Price: $31,797 Range: 350 Mi Location: Tamarac, FL About this article Category News Make/Model Tesla Model S Tesla Model 3 Tesla Model X Tesla Model Y Body Style Sedan SUV/Crossover Sign In or Sign Up * News * Reviews * Features * Shop cars * Buying Advice * Makes * Body Style * Forum * Buy * Podcast * Photos * Videos * Ev Sales Scorecard part of Edition: * * * * * * * About Us * Newsletter * Advertising * Tip us * Contact * LICENSING * Cookie settings * Cookie policy * Privacy policy Dark Light Auto * Motorsport.com * Motorsport.tv * Motor1.com * Rideapart.com * Myev.com USA / Global Our International Editions * InsideEVs: USA / Global * InsideEVs: France * InsideEVs: Italy * InsideEVs: Brasil * InsideEVs: Russia * InsideEVs:Deutschland * InsideEVs:Turkey * InsideEVs: Argentina * ++ * Share on Facebook * Share on Twitter * Share on LinkedIn * Share on Flipboard * Share on Reddit * Share on WhatsApp * Send to email WE CARE ABOUT YOUR PRIVACY We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. 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