Tesla sweetens its Model S leasing options in the US
In response to the the declining sales of its Model S electric sedan in the United States, Tesla Motors has launched incentives in its home market that cut the price of its monthly lease in an effort to convince potential customers to purchase its electric vehicle, according to Reuters.
Tesla CEO Elon Musk said in a statement that was posted on the California-based company’s website over the weekend that drivers who take out Model S leases will be given a 3-month trial period during which they can return the car if they’re aren’t satisfied, saying: “If you don’t like our car for any reason in the first three months, you can just return it and your remaining lease obligation is waived.”
However, according to The New York Times, the deal does have some limits, such as the fact that drivers won’t be allowed to use the deal to immediately lease a different Model S. On the other hand, buyers looking to upgrade early will be able to do so using a “pass-through fee” to cover the difference between the used value of the current Tesla and the new one, said Musk.
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