TESLA IS WORKING ON SELLING USED CARS

The second-hand market for consumer products, including automobiles, is thriving. Whether you’re browsing directly from the manufacturer or exploring platforms like Craigslist and eBay, the options are endless. Many buyers, for instance, are drawn to quality pre-owned vehicles, like these used cars in Montclair, for the value and reliability they offer. Following this trend, Tesla seems ready to provide more than just brand-new Model S vehicles, expanding into the pre-owned market as other car manufacturers have done.

According to Automobile News, Elon Musk & Co. are already working on a plan to sell the Model S used in the near future, as a way to compete against OEMs with similar alternatives in place. How to buy a used car? There are really only two ways for you to buy a car: Pay cash or take out a loan. If you’re paying cash, budgeting is pretty simple. But don’t spend all your savings. Remember to set aside money for registration and insurance — and possible future repairs.

Tesla’s Certified Previously Owned initiative for the flagship car has reportedly been confirmed by Simon Sproule, the company’s vice president of communications, who said, “With the Model S fleet now heading toward the first cars hitting three years old, we are looking at CPO and how to best structure.” The plan, per the report, would begin in the spring of 2016, right when Model S early adopters are scheduled to qualify for the Tesla buyback guarantee program.

This may make a lot of consumers fairly happy.

Source: Endgadget