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Under Tesla's new program, lessees have the option to return their Model S within the first three months if they are unsatisfied. Scot Hall from Swapalease.com believes many will take advantage of an early out, but not within the first three months of vehicle possession. Tesla is playing a slight role in this decision, disqualifying drivers from immediately leasing another Tesla if they do return in the three-month window.
However, a closer look at luxury lease exchange trends on Swapalease.com shows most Tesla’s will be transferred within the first 4-8 months.
“The fact that many will look to exchange a Tesla in such a short amount of time doesn’t mean it’s an unsuccessful lease program,” said Scot Hall, Executive Vice President of Swapalease.com. “In fact, it might be the opposite. A healthy exchange rate on a lease keeps buyer demand healthy at all levels of the automotive channel.”
Swapalease.com is the nation's largest car lease transfer marketplace, allowing drivers to exchange their lease with someone else even if there are several months left on the contract. The company expects to help roughly 12,000+ drivers nationwide exchange their lease in 2014.