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Most Tesla Lease Exchanges Will Happen In First 4-8 Months

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.

  • All vehicles on Swapalease.com average an exchange window during the first 12-14 months of vehicle possession.
  • For luxury vehicles similar to the Tesla Model S, such as the BMW 7-Series or Mercedes-Benz S Class, most drivers look to exchange within the first 10-12 months of possession.
  • Swapalease.com believes the exchange window for Tesla’s Model S will be between 4-8 months because of heightened interest in upgrading, and to avoid the 3-month return “no-lease” penalty imposed by Tesla.
  • Swapalease.com believes Tesla will have a shorter window of exchange largely because drivers will be looking to upgrade their vehicle/technology sooner than other luxury makes.
  • Swapalease.com recently received its first Tesla Model S listing in its lease transfer marketplace, and the lessee listed the vehicle after just four months of possession. Demand for the vehicle is healthy, though, as consideration is 350% higher than that of its other luxury competitors on the site.


“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.

Views: 42

Tags: autos, car, cars, lease, leasing, shopping, transfer

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