Tesla Cybertruck Resale Policy

By Shakir Bukhari

 

Tesla has a new resale policy for the Cybertruck that prohibits buyers from selling their vehicles within the first year of ownership without explicit permission from Tesla. If you sell the truck without permission, Tesla can sue you for $50,000 or the value received as consideration for the sale or transfer, whichever is greater.



Tesla's stated reason for this policy is to prevent speculation and flipping of the Cybertruck, which is in high demand and has received over a million reservations. The company wants to make sure that the Cybertruck only gets into the hands of people who paid for one and plans to keep it for a while.



If you have a good reason to sell your Cybertruck within a year of purchase, you can request permission from Tesla. If Tesla approves your request, it will buy back the truck at the original price minus $0.25 per mile driven, reasonable wear and tear, and the cost to repair the vehicle to Tesla's Used Vehicle Cosmetic and Mechanical Standards.



If Tesla does not approve your request to sell your Cybertruck, you will not be able to sell it to anyone else without Tesla's permission. Tesla may also refuse to sell you any future vehicles.



This resale policy is similar to policies that other automakers have implemented for limited-production vehicles. Porsche, Rolls-Royce, and General Motors all have policies that restrict buyers from reselling their vehicles for a certain period of time after purchase.

Shakir Bukhari

https://www.facebook.com/groups/1085388718508013

Comments

  1. Data & StatisticsNovember 13, 2023 at 11:30 AM

    There are a few exceptions to the policy. If you have a good enough reason to sell your Cybertruck, such as a job change or relocation, Tesla may agree to buy it back from you. Tesla may also allow you to sell your Cybertruck to a third party, but only with their written consent.

    If you are considering buying a Tesla Cybertruck, be sure to read and understand the resale policy before you sign the purchase agreement.

    ReplyDelete
  2. AnonymousNovember 13, 2023 at 11:46 AM

    This is a significant policy from Tesla. It remains to seen how it will be enforced, but it is clear that the company is serious about preventing flippers from profiting off of the Cybertruck

    ReplyDelete

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