• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

Tesla Offers Lifetime Insurance and Maintenance to Customers

March 2, 2017 Leave a Comment

Tesla is so sure its cars are safe that it now offers insurance for life. By offering lifetime insurance, it incentives Tesla to make their cars as safe as possible. From a Mashable report:

In the self-driving future envisioned by Tesla CEO Elon Musk, car owners might be saying “goodbye” to a whole lot more than steering wheels. Musk is so sure of the safety features bundled into Tesla vehicles that his company has begun offering some customers a lifetime insurance and maintenance package at the time of purchase. No more monthly insurance bills. No more unexpected repair costs. “We’ve been doing it quietly,” Tesla President of Global Sales and Service Jonathan McNeill explained on the call, “but in Asia in particular where we started this, now the majority of Tesla cars are sold with an insurance product that is customized to Tesla, that takes into account not only the Autopilot safety features but also the maintenance costs of the car.” “It’s our vision in the future that we’ll be able to offer a single price for the car, maintenance and insurance in a really compelling offering for the consumer,” added McNeill. “And we’re currently doing that today.”

How Does Tesla Maintenance Plan Work?

Maintenance Plans are agreements for multiple annual service inspections paid in advance. Tesla owners are eligible to purchase a maintenance plan. You can choose to not purchase a Tesla maintenance plan and, instead, pay for your individual annual service inspections upon each scheduled service. Tesla maintenance plans are simply prepaying at a discounted rate for your annual service inspections.

When you sell your Tesla vehicle, you can transfer the unused portion of your Tesla maintenance plan to the new owner when the vehicle ownership transfer is processed through Tesla. Of course, you can request to cancel your maintenance plan at any time and receive a refund for the remaining unused annual service inspection intervals.

Related

Leave a CommentCancel reply

Must Read

  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
  • How One Employee Got Away After Stealing $103 Million
  • How to Refinance a Paid Off Car
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • Professional Panda Cuddler as the World's Best Job for $32,000 per Year
  • John Bogle Net Worth
  • Amazon Cash: Now You Can Pay With Cash on Amazon
  • The Best Day of the Week to Buy Mutual Funds

Recent Posts

  • 47% of Americans Say Achieving Retirement Security Will Take a Miracle
  • Which Cryptocurrency Should You Invest In?
  • Apple Launches Apple Card’s Savings Accounts With 4.15% Interest Rate
  • More Americans Are Using ‘Buy Now, Pay Later’ Services To Pay for Groceries
  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2025 · Personal Finance News