Tesla launches guaranteed future value program for Model Y and Model 3

Electric vehicle (EV) maker Tesla has announced a new guaranteed future value (GFV) program in Australia for eligible customers financing a new Model Y SUV and Model 3 sedan through local finance company Driva.

The program gives buyers a pre-determined future resale value for their new Tesla based on customer-agreed parameters including loan term and annual mileage. It isn't available to rideshare drivers.

In a statement, Tesla said the program allows customers to have their final loan payment covered by the vehicle's trade-in value, meaning no out-of-pocket expense to finalise the loan provided the vehicle meets mileage and wear-and-tear guidelines.

The announcement comes after Tesla Australia posted a 66.7 per cent year-on-year sales increase in the first six months of 2026, led by the Model Y despite Model 3 sales falling 14.1 per cent.

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The result follows a 24.8 per cent sales slump for Tesla in Australia in 2025, when the company recorded its second consecutive year of global sales declines and was overtaken by BYD as the world's biggest electric vehicle (EV) seller.

In a dramatic turnaround, Tesla's global sales rose 16.3 per cent year-on-year in the first half of 2026, while in Australia the brand led a broader resurgence in EV sales.

In March, the Model Y L arrived in Australia as a new six-seater version of Tesla's SUV.

The Model Y became the first EV to top Australia's overall monthly sales charts in May, regardless of powertrain, before repeating the feat in June and again relegating the Ford Ranger to second place.

The Model Y also helped drive electric vehicles to a record 23.3 per cent share of the Australian new-car market in June, marking the third consecutive monthly record as EV demand accelerated following record petrol and diesel prices.

The mid-size Tesla SUV was one of three EVs in the June top 10, joined by the BYD Sealion 7 SUV in fourth place and the BYD Atto 2 small SUV in ninth.

Nine of the 10 top-selling models in June offered some form of electrification, either as a hybrid or electric vehicle, including the second-placed Ford Ranger, third-placed Toyota HiLux, eighth-placed Hyundai Kona and 10th-placed GWM Haval Jolion.

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