Tesla discontinues ‘Resale Value Guarantee’ program for new vehicles to focus on low interest rates
Tesla confirmed today that it has discontinued its ‘Resale Value Guarantee’ (RVG) program as of July 1st – first reported by The Verge. When purchasing through the company’s financing program, RVG allowed Model S and X owners to sell their car to Tesla during the period between 36 months to 39 months of the ownership for 50% of the base price of the vehicle at the time of the purchase, plus 43% of the original purchase price for all options.
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