Just got this from Tesla. Of course the terms have changed between by order and delivery. In order to get the RVG you have to finance 60% of the vehicle value for 36 months. I was only going to finance to get the RVG, but not sure it is worth it given the new terms and the rates I was quoted by US Bank (2.75%) and Wells Fargo (1.99%).
Welcome to the Tesla Family! Your vehicle identified above (“Vehicle”) qualifies for our Resale
(“Guarantee”). We guarantee that your vehicle will have a resale value after 3 years of at least
the Guaranteed Resale Value specified above. This value is equal to 50% of the base purchase price
of the 60kWhr Model S at the time of your purchase of the Vehicle, plus 43% of the original
purchase price for all options including the upgrade to the 85kWhr battery pack (exclusive of
taxes, fees and accessories). During the period between 36 months to 39 months from your Guarantee
Effective Date, you have the option to sell your vehicle to Tesla for the Guaranteed Resale Value.
This Guarantee is subject to the following terms and conditions:
TERMS AND CONDITIONS
• The Vehicle is financed through Tesla’s official vehicle financing program with U.S. Bank,
N.A. or Wells Fargo Dealer Services. The Vehicle will need to continue to be financed through this
program and your account must remain in good standing for a minimum of 36 months.
• The Vehicle is maintained by Tesla Motors or its subsidiary according to Tesla’s recommended
service schedule. You must not have taken any action that would void the New Vehicle Limited
Warranty on the Vehicle.
• The Vehicle will be inspected by Tesla and the Guaranteed Resale Value will be adjusted for
damage, excessive wear and use based on Tesla’s standards for normal use and for mileage in excess
of 15,000 miles per year. Excess mileage will reduce your Guaranteed Resale Value at a rate of
$0.25 per mile.
• To exercise this Guarantee, you will need to contact us and deliver the Vehicle to us for
inspection and purchase during the period between 36 months to 39 months from the Guarantee
Effective Date. Prior to or in conjunction with our purchase of the Vehicle, you will need to
provide proof of ownership and clear title for the Vehicle. To obtain clear title on the Vehicle,
it is your responsibility to clear all outstanding obligations with the lender, including any
principal amount, late payments, penalties, and other fees that may be due to the lender.
• This Guarantee may not be assigned or transferred to any person or entity at any time. Only
the Owner(s) identified above, and no other person or entity, including any heirs or successors,
has any rights under this Guarantee. This Guarantee only applies to the vehicle identified above.
Tesla Motors, Inc. and any of its successors hereto, may assign or transfer this Guarantee, or any
portion thereof, to any third-party without your prior consent or approval. This Guarantee
automatically expires on the 39 month anniversary of the Guarantee Effective Date.
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