Taking too long? Close loading screen.
Connect with us

Tech

Buying a used Tesla just became a lot less enticing

Published

on

One of the best things about owning an EV is that they require significantly less maintenance than comparable combustion-powered vehicles.

Sure, if things go wrong with that expensive battery or motor, it could get quite costly to fix. But the chances of that happening are low, and most EV makers have comprehensive warranties should the worst happen. That is, when you’re buying the car new, but what about used cars?

You’d think, with less to go wrong EV makers would continue to offer long and robust warranties as a show of faith in the longevity of their vehicles, but that no longer seems to be the case anymore for Tesla.

According to various reports (here, here, and here), the Elon Musk-fronted electric car brand has slashed the warranty on its used vehicles from four years to just one. That’s a drop of 75%, and this could cause headaches — scratch that, it will cause headaches.

[Read: Honda kills off diesel motors in Britain and no one even noticed]

The reports all state that Tesla’s used vehicle warranty will cover secondhand vehicles for 10,000 miles or one year from time of purchase, whichever comes first. Drivers that take advantage of Tesla’s high-range and drive long distances frequently, could see their warranty expire well within that first year.

Before the change, Tesla offered a four-year or 50,000 mile — whichever comes first — warranty on Model S and Model X vehicles with less than 50,000 miles on the clock and less than four years old.

For Model S and X cars that are between four and six years old and had between 50,000 and 100,000 miles on the clock, the warranty was two-years long and covered the vehicle up to 100,000 miles — whichever comes first. Buy a used Tesla with 99,000 miles on it, and well, that warranty won’t last long.

It should be noted that this updated warranty comes on top of what is left of the original 4-year and 50,000 mile limited warranty. And the balance of the original battery and drive unit warranty still applies for used vehicles. After those expire, though, Tesla will only warranty the vehicle for another 12 months or 50,000 miles — whichever comes first.

The original used car warranty came into force from the date of delivery.

This will also encourage used EV buyers to purchase Teslas that are less than three years old, and have low mileage. That way, there’ll be some of the original warranty left, and the additional used warranty to come into force as that expires.

Roadshow by CNET suggests cutting the warranty is an attempt to save a bit of cash and improve financial projections ahead of the company’s imminent third-quarter earnings call.

tesla, range, 400 miles, car, ev, epa, charger, supercharge, model s, long range, wheels
Tesla drivers that favor the vehicles for their high range and drive them long distances won’t have much of a warranty if they buy secondhand.

Whatever the reason, it doesn’t give a good impression of how Tesla feels about the longevity of its vehicles or its financial projections.

One thing is for sure, as Elecktrek points out, used Teslas just became a lot less enticing. Buyers that might not be able to afford a brand-new EV, but are keen to make the switch in the pursuit of lowering their carbon footprint, now have one less reason to buy.

What’s more, as we know from the chronicles of Rich Rebuilds, Tesla doesn’t exactly rush to help those that own old models and want to repair and maintain them themselves.

It seems that shortening the used car warranty is a financial play by Tesla to nudge secondhand owners down a path which means they have to pay for repairs far sooner than they used to.

It’s worth point out that Tesla’s original warranties were some of the best on the market. In the combustion engine world, second hand car warranties from approved dealers are usually around one year, and if you buy privately you probably won’t get anything.

So in the grand scheme of things, Tesla shortening its used car warranty does take a bit away from aspiring owners, but it’s now inline with offerings from legacy automakers.

Tesla’s used car warranty terms can be viewed in full here.


SHIFT is brought to you by Polestar. It’s time to accelerate the shift to sustainable mobility. That is why Polestar combines electric driving with cutting-edge design and thrilling performance. Find out how.

Published October 20, 2020 — 10:33 UTC

Source

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

Published

on

Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

Advertisement

Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

Advertisement


Source

Continue Reading

Tech

Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

Advertisement

That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

Advertisement

Grab this offer while it’s still around!


Source

Continue Reading

Tech

Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

Published

on

Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

Advertisement

You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

Advertisement


Source

Continue Reading

Trending