Tesla Roadster Buyback Program Launched
Early adopters of the Tesla Roadster who may now be eyeing the American automaker’s more practical Model S can now trade in their convertible sports car towards a new sedan.
Tesla will buyback old Roadsters from current owners and resell them at its own stores, giving others an opportunity to own the electric convertible. Only 2,500 Roadsters were made since it first hit the market in 2008 and used ones will be much cheaper than the original $109,000 price.
The trade-in value for the Roadster will be based on its condition after the automaker takes a detailed look at the used vehicle. Though Tesla hasn’t released what it expects to buy back the vehicles for, it did estimate that a 2010 Roadster with around 2,900 miles will be resold for $93,500; while a 2008 model with 31,000 miles will be around $73,300.
Even better news though is that some Roadster owners may actually get money back if their vehicle is valued higher than the Model S they’re opting for.
“Someone who couldn’t reach all the way to a Roadster before, now may be able to get one at a lower price,” said Tom vonReichbauer, Tesla’s director of finance. “We’re able to set what I think are pretty competitive prices for these cars.”
[Source: SF Gate]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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