Tesla, the electric-cars company owned by Elon Musk, is offering a guaranteed second hand price on the Model S sedan for $3,100 after a two-year warranty, the company announced Wednesday.
Tesla Motors announced a guaranteed $3.6 million second-home purchase guarantee in late March.
Musk’s company also announced a $1 million guaranteed first-home buyer guarantee in early April.
The guarantees are meant to help keep people who purchase the Model 3, the third-generation Model S, from going broke if they want to replace their cars.
Tesla will continue to offer the guaranteed second hands on Model 3 and its $35,000 base model, the Model X SUV.