Cybertruck NO RESALE Restriction (1 Year) Spotted in Purchase Agreement Language

[PilotPete]

Ha! I’m in! A chubby dude like me will take tacos anyway of the week!

I will gladly pay you Tuesday for a taco today!

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[Coolbreeze704]

I will gladly pay you Tuesday for a taco today!

 

[SolarWizard]

I sense a lot of 366 day leases emerging

 

[CyberGus]

Back to the resale topic...

I think 12 months is a bit long; flippers and straw purchasers can't afford to sit on inventory for a year.

And I'm skeptical they would actually try to follow through with the $50k penalty or the injunction, but have before and undoubtedly will continue to drop the ban hammer.

I think this language is just to reinforce the clause in the sales agreement that has always been there: "you agree you are the end-buyer".

 

[charliemagpie]

So the first official Cybertruck literature found since the reveal comes as a legal threat.

I don't think so.

 

[Arctic_White]

My analysis, without even knowing what the prices are at the initial release, is that Cybertruck is more likely to go up in price after the reservations with prices locked in are fulfilled, then it is to go down. Eventually, like in 4-6 years, the price might go down, but I think that time is quite a ways off.

Please remind me how I did on this call in three years.

You and I think alike, Mike.

This is exactly what I have been saying: initial price will be shockingly affordable. Demand will be insanely high resulting in Tesla upping the price.

As for this contract, I have zero issues with it. Tesla has a right to do this as other companies have also done something similar. I have no intention of selling before the 12 months are up and if I have to sell, it's nice to know that Tesla will give me basically what I paid for it. What's not to like here?

 

[cvalue13]

REALLY, blow up the line? To hell with all of us people that put $100 in Tesla's account 4 years ago? Are you telling everyone on this forum to F-Off?

Tesla has done it before, and could do it again

Don’t get mad-mad at *me*

 

[Eye of Elon]

Someone shared this on the Cybertruck Reddit page claiming it was found in a recent Model Y purchase agreement. No insight into validity but I’ve heard of other manufacturers doing similar before so not out of the realm of possibilities. Thoughts?

Personally it would be good news to me because I don’t intend to resell mine after purchase. Maybe this will help slim down the line a bit.

There goes my plan, my early dual motor was going to finance my later tri motor. Oh well, say la vee.

 

[cvalue13]

The only benefit for us here is that it will eliminate a portion of reservations.

Yes, it could eliminate a good number of reservations.

I suspect that for every one legit flipper who bails, there could be 1-3 legit buyers who bail due to the absurdity of it.

While I’m not intent on being rash, this gives me serious pause about buying the truck, or any Tesla

Fortunately for Tesla, they won’t be making enough trucks anytime soon to catch up with even a materially reduced list.

Too bad, though.

 

[PilotPete]

Thanks for the levity Pete.
Kinda lost my ability to laugh tonight.

Dude, that wasn't levity! I'm serious about the tacos AND the phone!

 

[kdiggz]

Not that I’d do this as I want the CT, but…

12-month lease with purchase option of $0 at end. Lease payments are 1/12 of the purchase price. Option to pre-pay the lease up-front.

Probably a ton of ways how this won’t work, but I had to throw it out there.

What if you sold a cyber whistle for $150k and gifted a Cybertruck to the buyer? It says you can't sell but it doesn't say anything about giving it as a "gift." Just thinking out loud here!

 

[CyberGus]

When in Austin, be sure to dine at Chuy's

 

[JBee]

If this proves correct, I think the real factor here is price stabilisation.

The mere fact that Tesla are offering you an out to "return" or "dispose" of the vehicle to them at a depreciated rate means that their will be less inflatory pressure from demand.

That their price is just reduced by the mile rate is actually a bonus, in that if you look after it you can resell it without much loss at all. This further puts downwards pressure on price.

But they also include a repair component to make sure you don't trash it to resell it.

All this means that Tesla resells the vehicle, and is in control of the used market pricing as well, at least for a period. Further stabilising demand inflation until they can get production up to meet demand, which they probably can't do for a while.

We will only see a 1-200k max next year, meaning that some contracts will only start later in the year as they ramp, meaning they go into 2025 etc. and progressively delay resellers as a result, further back in the que. Providing more price stability.

Now although I don’t like agreements telling me what I can or can't do with "my" purchases in general, I'm happy to agree to sell some of my freedom, if it also gets me earlier in line.

At a minimum it will flush out the $100 flippers that can't afford to hold onto them, and for those that can, will push their rewards down as they still have to wait a year or more as production ramps.

Another thing is that companies that bought more than one for work, also benefit in that they get there trucks on the road and working, without some silly "you can only buy 1 CT" rule.

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