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Tesla discontinues ‘Resale Value Guarantee’ program for new vehicles to focus on low interest rates

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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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