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Takeback program for used cars

Tesla Motors, the American electric automotive company, implemented a buyback program for the Tesla Model S that bypasses traditional dealership model. Under the program, Tesla guarantees to buy used cars after 3 years from customers who lease their cars, offering them a price of 50% of the original base purchase price plus 43% of the original purchase price for all options. With these cars, the company started a certified pre-owned program to resell these cars to the secondary market, making it easier for consumers to purchase used vehicles with a guarantee and encouraging greater reuse.


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