Tesla is now looking to sell used versions of its electric cars online, the California company recently announced.
Elon Musk’s luxury auto maker is looking to make it easier for people to buy the used Model S sedans as leases come to an end for a big crop of the cars this summer, reports the Wall Street Journal. Tesla is now selling the used cars directly on its website.
A new Tesla Model S goes for between $75,000 and $105,000 before tax incentives and gas savings, depending on the battery. Used car prices range from $60,000 to more than $100,000 depending on the car’s mileage and its battery.
The first Model S units were sold in the middle of 2012, and leases are generally for three years.
Many people have also traded in their Model S for the new all-wheel drive edition, making a greater number of older Model S cars available for re-sale.
This article originally appeared on Fortune.com.
More Must-Reads From TIME
- The 100 Most Influential People of 2024
- Coco Gauff Is Playing for Herself Now
- Scenes From Pro-Palestinian Encampments Across U.S. Universities
- 6 Compliments That Land Every Time
- If You're Dating Right Now , You're Brave: Column
- The AI That Could Heal a Divided Internet
- Fallout Is a Brilliant Model for the Future of Video Game Adaptations
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com