Leasing a car is a daunting and confusing process for many. For those apprehensive about making the commitment, Tesla CEO Elon Musk is now offering what’s been dubbed “the happiness guarantee”.
“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,” Mr. Musk said.
The catch? You can’t immediately turn around and lease a different Model S.
“Upgrading early is no problem if you want to do that. But there is a pass-through fee to cover the new vs. used value difference,” Musk said.
He also offered further encouragement regarding financing. Musk says customers can now borrow through US Bank with better terms than Tesla has been able to offer. It offers the potential of lowering monthly lease payments by 25%.