Loading

No doubt, Tesla has become a highly successful car brand with a growing roster of fans. The company recently introduced a new, guaranteed "buy back" program that offers to buy back a Model S between 36 – 39 months at a guaranteed residual.

On the surface this is positioned as a lease program. But it's really not a lease because you have to finance and pay taxes on the full vehicle.

Why can't you just lease a Tesla? Government regulations mean the $7,500 Plug-In Electric Drive Vehicle Credit is only available when you lease an electric vehicle through a local dealership. Tesla has a direct sales model and does not sell through dealers, essentially preventing them from offering a standard lease program.

"A standard lease program would benefit customers and help Tesla grow its brand further and compete against other luxury makers that are now focusing on EV technology," said Scot Hall, Executive Vice President of Swapalease.com. "Look at the success luxury brands such as BMW and Mercedes-Benz have had as a result of their lease programs, which see between 50% - 70% lease rates for higher-end models. These lease programs have played a large part in the growth these brands have enjoyed over the years, particularly as they introduce EV models to compete against Tesla."

Views: 176

Comment

You need to be a member of DealerELITE.net to add comments!

Join DealerELITE.net

Comment by David Blassingame on May 19, 2014 at 12:51pm

Tesla is one of the best car I've ever driven.  I believe the reason Tesla can't provide a leasing program is two fold.  They have not found a lender that will take the risk because the company might not survive thus  negatively affecting the resale of it's vehicles and the lack of necessary infrastructure and ability to refuel their vehicles quickly.  Both appear difficult to overcome at this time.

Comment by Kimberley Coffey on May 19, 2014 at 12:18pm

i would love to own an S model Tesla!  One Day... one day

Blog Posts

Find the Perfect Fit

Posted by Paul Potratz on August 26, 2016 at 12:38pm 0 Comments

LinkedIn is making moves to be one of the largest social media platforms for professionals. The shift is growing toward more members who are looking for freelance work and members who are growing into entrepreneurship.…

Continue

Mobile CRM’s Are Key

Posted by Aubrey Hankins on August 26, 2016 at 11:45am 0 Comments

No matter what industry you’re in, mobile accessibility affects the everyday lives of everyone. The world has become mobile accessible from every direction. From…

Continue

64% of Sales Professionals Close Deals With Social Media

Posted by Joseph Little on August 26, 2016 at 11:42am 0 Comments

 

 

Social media marketing is growing every day as a result of increasing consumer activity across social…

Continue

3 Birds Marketing Named to Annual Inc. 5000 Ranking of America’s Fastest-Growing Private Companies for 2nd Year in Row

Posted by Kristen Judd on August 26, 2016 at 11:02am 0 Comments

Chapel Hill-based provider of digital marketing platform, data analysis, and client support services named to 2016 Inc. 5000

Chapel Hill, N.C. – August 26, 2016  – For the second year in a row, 3 Birds Marketing has…

Continue

Preview CarHub.com – A New Way of Online Car Shopping

Posted by John Sternal on August 26, 2016 at 10:09am 0 Comments

Founded by Jesse Toprak, today's most influential automotive analyst, I'd like to give you a sneak preview of CarHub.com, a brand new automotive shopping website launching this fall. There are…

Continue

Maybe We’re Approaching This Whole Loyalty Thing Wrong?

Posted by Mike Gorun on August 26, 2016 at 9:00am 0 Comments

Customer loyalty is something every business needs and desires. Some companies are spectacular at accomplishing it, while others struggle.



According to a…

Continue

de sponsor

newsletters

dE Sponsor

© 2016   Created by DealerELITE.   Powered by

Badges  |  Report an Issue  |  Terms of Service