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Motor1
Motor1
Sport
Chris Perkins

Tesla Prevented Lease Buy Outs to Sell Used Cars at a Profit

Typically when someone leases a car, there's an offer to buy it back at the end of the lease term. Up until recently, Tesla put in place a policy that prevented this. CEO Elon Musk said the automaker needed the lease turn-ins for a fleet of self-driving "Robotaxis." Instead, the company went on and sold them as used cars at higher prices.

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