Tesla just launched a new extended warranty program for its entire lineup of electric vehicles in the USA. The automaker is well-known for its excellent powertrain coverage and this program adds another two years or 25,000 miles of worry-free ownership to the limited warranty. It’s not without its own limitations or benefits though. We break everything down for you below.
This new extended service agreement is basically an extension of the original limited warranty coverage. Typically, that covers the first four years or 50,000 miles. It is not a service contract so it’s not going to stand in for brake pad replacements or similar services. The automaker already offers an eight-year or 120,000-150,000-mile (192,000-240km) powertrain warranty depending on the model.
While the term is identical across Tesla’s fleet of vehicles, the pricing is different and based on the model. The least expensive package costs $1,800 for the Model 3. The priciest of the bunch is the Model X at $3,500. Below is a complete table showing prices for the entire lineup.
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It doesn’t sound like Tesla plans to keep offering this sort of thing over and over again on the same car though. It says that buyers can only purchase a single extended service agreement and no more after that expires.
Notably, only customers with an existing Basic Vehicle Limited Warranty are eligible to buy the Extended Service Agreement. In fact, Tesla explicitly states on its website that there is no grace period between when the original warranty ends and when a buyer has to agree to the service agreement. Those aren’t the only stipulations either.
Model S and Model X vehicles built after 2020 along with those owned by businesses and leased vehicles are all ineligible too. On the plus side, buying the extended service agreement could end up increasing the car’s value on the used-car market. Tesla says that the unused portion of a service agreement transfers to the new owner. That’s surprising if you know about how Tesla typically treats added-on features.
It also says that you can cancel the warranty coverage and get your money back should you change your mind before it kicks in. Owners can find out whether their vehicle is eligible or not in the Tesla app under “Warranty” inside of the “Spec & Warranty” tab.
