HONG KONG—With the second-largest car fleet in the world, Tesla Motors is a major player in a market that is now dominated by other automakers.
But Tesla Motors has also attracted attention for its relatively affordable secondhand cars, which are sold through the company’s online store for around $50 to $100.
Now, the company is offering a guarantee that the cars will not be recalled if they are used in a collision or a crash in which someone dies, according to the first such offer by a carmaker.
Tesla Motors will offer its first guarantee at a special event at the company, the Hong Kong Stock Exchange said Monday, and the offer is part of a larger effort to provide support to its owners and help prevent car crashes, it said.
“This is the first time a manufacturer has offered its secondhand car owners a guarantee to use the car safely,” said the company in a statement.
“This ensures that the owner will be protected from being injured and/or killed in a car crash or other accident that is not covered under its warranty.”
The guarantee is offered through the Tesla Motors Guarantee Program.
It covers up to three vehicles, including the two most popular Tesla cars, the Model S and Model X.
Tesla said the offer applies to any car owner who has a secondhand Model S or Model X in their possession.
It applies to the car that is used in the accident or crash, or if it is in a dealership and is used to sell the vehicle.
If the car is used, the guarantee will be paid out by the manufacturer and the vehicle will be covered for up to six months.
If it is used again, the vehicle and its owner will have a year to repay the balance.
If the car owner does not have a second hand Model S, Model X or Model S in their ownership, they will have to repay their balance within two years.
In an interview with CNBC, Tesla said it was working to create a similar program for its Model S vehicles, which it expects to roll out next year.
It said that the secondhand guarantee program is designed to help keep its owners safe, and will be available on the Tesla website by early 2018.