You can purchase a new Tesla Motors Inc (NASDAQ:TSLA) Model S equipped as per your preference if you have the money and are ready to wait many weeks for it to be produced and delivered.
In a major development, Elon Musk is now in the business of selling used cars. The billionaire’s electric car firm, Tesla Motors had a low profile launch of a pre-owned vehicle program at April end. The new scheme gives older models of its Model S sedan for lower rates compared to that of new models. The used cars have Tesla maintenance and reliability checks. Similar to other high-end car makers, Tesla provides a four year or 50,000-mile warranty on pre-owned vehicles.
The cost
The pre-owned Model S sedans are sourced from owners who have traded them in, most frequently to upgrade to the dual motor P85D. Used cars on sale through the program are available for between $60,000 to $90,000.
Select regions
The Silicon Valley carmaker has started a Web page that presently offers a range of used Model S sedans. The models provided are based on region. Those eleven regions are Atlanta, Chicago, Cleveland, Denver, Florida, Hawaii, Los Angeles, New York, San Francisco/Bay Area, Seattle, and Washington, D.C.
Customers who till now could only approach independent sellers for a used Model S now have the choice of picking them up at the closest regional storage site, or have them delivered home. The latter comes with up to a $1,500 delivery cost.
The pre-owned program grants access by the high-end brand to more buyers who want to spend less for a sparingly used Model S. Leased cars are usually better maintained due to stricter contract terms regarding service and upkeep. And since used cars conventionally have better profit margins than new ones, Tesla Motors Inc (NASDAQ:TSLA) would likely capitalize by sending these vehicles home with new owners.
