Tesla just slashed its warranty for used vehicles


The prospect of buying a used vehicle from Tesla just became a less appealing option. The electric car manufacturer quietly updated its website with new warranty terms for used Model S sedans and Model X crossovers, and the updates do not fall in the customer’s favor.

Just two days ago (thanks, Wayback Machine!), Tesla’s used vehicle warranty page said that used Models S and X that were under four years old and showed less than 50,000 miles on the odometer would get “a Used Vehicle Limited Warranty for 4 years or 50,000 miles, whichever comes first, starting from your delivery date.” If the Model S or X was between four and six years old or had between 50,000 and 100,000 miles, “a Used Vehicle Extended Limited Warranty provides coverage for up to 2 years post-delivery or up to 100,000 miles, whichever comes first.” In either case, ‘the balance of original Battery and Drive Unit Limited warranty still [applied] for used vehicles.’

Today, the same page shows something completely different: 

Tesla used vehicles are covered by the remainder of 4 years or 50,000 miles left on the Basic Vehicle Limited Warranty. After expiration, the Used Vehicle Limited Warranty provides additional coverage of 1 year or 10,000 miles. If the Basic Vehicle Limited Warranty has already expired, the Used Vehicle Limited Warranty will provide coverage of 1 year or 10,000 miles, starting from your delivery date.

The change was first reported by Electrek, which points out that used S and X models from 2016 or earlier are now much less attractive to would-be buyers. That’s particularly true since Tesla’s vehicles aren’t exactly the pinnacle of reliability.

This news comes right after Tesla killed its seven-day return policy on new vehicles, and just days after the starting price of new Model S sedans was cut to $69,420.

Related Video:



Source link

Discover

Sponsor

Latest

Why we have it, how to fix it

Ever get off of a video call and feel like it wiped you out?You're not alone — as people around the world left...

Pokémon Go creator Niantic invests in Black game developers

Trinidad Hermida, Niantic Lab's Head of Diversity & InclusionNiantic LabsPokémon GO maker Niantic Labs announced in early February its Black Developers Initiative (BDI),...

Elizabeth Warren slams Trump’s Buy American Executive Order for essential medicines

Wearing a face mask to reduce the chance of transmission of the novel coronavirus, Sen. Elizabeth Warren (D-MA) arrives at the U.S. Capitol...

Amazon and Rivian introduce first electric delivery van

Amazon and Rivian have pulled the sheet off the first four-wheeled product of their new sustainability venture. This custom, all-electric delivery van is...

coronavirus vaccine, currencies and oil

SINGAPORE — Shares in Australia dipped in Thursday morning trade, as multiple markets in Asia-Pacific are set to close early for New Year's...