Tesla Launches Model 3/Y "Guaranteed Future Value" Buyback Program in Australia

On July 14, Tesla launched its Guaranteed Future Value (GFV) program in the Australian market, applicable to customers purchasing Model 3 and Model Y vehicles through financing. The program allows buyers to negotiate a guaranteed future resale price with a financial institution at the time of purchase, helping mitigate potential price fluctuations. If, at the end of the loan term, the vehicle’s mileage falls within the agreed range and meets standard depreciation criteria, owners can either return the vehicle to Tesla at the predetermined price or pay the remaining balance to keep it. Should owners choose to sell the vehicle themselves and secure a sale price higher than the guaranteed repurchase value, they retain the difference. The program is currently exclusive to the Australian market, offered through local finance company Driva, and is not available to rideshare drivers.