Is the extended warranty transferable, ie if the car is sold? I know the service plan is. Thanks.
Yes, for a $100 transfer fee.
Yes it's transferable unlike many extended warranties offered by other American car companies. It's very positive for resale value.
It's transferable, but I'm kinda curious if any of it would be refunded if an owner traded the car back to Tesla after the 36 month period.
For example if a customer paid for the extended warranty expecting to keep the car, but then they couldn't pass up on getting a newer version.
Are they out the $2500/$4000, or does Tesla pay them 43% of it (like they would for options on the car).
Or let you transfer the unused portion of the warranty to your new car if you trade it in.
That's exactly what I was wondering - is the warranty only valuable if you sell it to an individual, and worth nothing if back to Tesla?
I was reading the waranty and there was a clause for California that seemed to indicate that if you cancel before the period starts, you get a full refund. That's the way I read it, but I'm not a lawyer... anyone else get the same analysis?
That's correct. That's a requirement by California law.
Not true outside if California though?
Please also note that the warranty is not transferrable to another vehicle. For example, if you have the ESA on your current S60 and want to buy that P85 loaner, at least according to the wording of the ESA it doesn't appear that you will be able to transfer it to the P85. Just something to be aware of.
Also has to be private sale (no dealer involved) for transfer
So, if I'm in California, I can buy the $2,500 extended waranty and if I sell the car to a 3rd party before the initial 4 year waranty expires, I can get a full refund of the $2,500. I guess I should pull the trigger on this then.
@Byong. Full disclosue that it is late and I am tired but I am not sure I read or interpret this the same way as you do. I read the language as specifying a 60 days cancellation period for full refund (in California) from the PURCHASE date, and not the EFFECTIVE date, which is the date you're referring to and the one which occurs when your new/original 4 year 50,000 mile warranty has expired). In other words, it appears that you have 60 days to cancel from the date that you Purchase, Pay and specifically when Tesla accepts and grants you the ESA. Somebody please chime in if I'm reading this incorrectly. I would love to be incorrect on this. Perhaps I overlooked a paragraph that more specifically clarifies this for CA.
K. Cancellation by Customer
To cancel this Vehicle ESA, You must mail it to Tesla, along with a notarized affidavit that states the mileage on Your Vehicle at the date of Your cancellation request. The right to cancel this Vehicle ESA is not transferrable by You and shall apply only to the original Vehicle ESA purchaser. The amount of Your refund is subject to the following:
(a) Within First 31 Days4 – Without Claim: You may cancel Your Vehicle ESA within the first 31 days4 of the Vehicle ESA Purchase Date and receive a full refund provided that You are the original Vehicle ESA purchaser and have not filed a claim.
(b) A ten percent penalty5 per month shall be added to any applicable refund that is not made within 466 days of return of the Vehicle ESA and notarized affidavit to Tesla.
4 Except for California and Florida, which shall be within the first 60 days.
5 Except for Nevada, which shall be ten percent of the purchase price per month.
It appears the cancellation information you're quoting came from a previous iteration of the agreement. Section K now states:
This Vehicle ESA may not be cancelled by You or Tesla and no return of the purchase price or any other fees or taxes will be provided by Tesla to You. This Vehicle ESA is not being sold in any jurisdiction in which the sale or performance of this Vehicle ESA is not permitted pursuant to applicable law at the time of purchase. Any such sale is void ab initio and of no force and effect and will not be deemed a
cancellation. You will receive a full refund provided no services have been provided by Tesla."