Tesla introduces revolutionary future value program for Model Y and Model 3

Tesla Introduces New Guaranteed Future Value Program for Australian Customers

In a move to provide more financial flexibility to its customers in Australia, electric vehicle (EV) maker Tesla has recently unveiled a new guaranteed future value (GFV) program. This program, offered in partnership with local finance company Driva, is specifically designed for eligible customers looking to finance a new Model Y SUV or Model 3 sedan.

Under the GFV program, buyers will be provided with a pre-determined future resale value for their Tesla vehicle. This value is determined based on customer-agreed parameters such as loan term and annual mileage. It’s important to note that this program is not available to rideshare drivers.

According to a statement from Tesla, the GFV program enables customers to potentially have their final loan payment covered by the trade-in value of their vehicle. This means that customers may not have to incur any out-of-pocket expenses to settle the loan, provided that the vehicle meets the specified mileage and wear-and-tear guidelines.

The introduction of this program follows Tesla Australia’s impressive 66.7% year-on-year sales growth in the first half of 2026. The Model Y SUV played a significant role in driving this growth, despite a slight decline in sales for the Model 3 sedan.

In comparison, Tesla experienced a 24.8% sales decrease in Australia in 2025, leading to its second consecutive year of global sales declines. During this period, Tesla was surpassed by BYD as the world’s largest electric vehicle seller.

However, there has been a notable turnaround for Tesla, with a 16.3% year-on-year increase in global sales in the first half of 2026. This resurgence in sales was also evident in Australia, where Tesla led a broader revival in EV sales.

One of the key milestones for Tesla was the arrival of the Model Y L in Australia, introducing a new six-seater version of the popular SUV. The Model Y made history by becoming the first EV to top Australia’s monthly sales charts in May, outperforming traditional internal combustion engine vehicles.

The success of the Model Y contributed to electric vehicles achieving a record 23.3% share of the Australian new-car market in June. This marked the third consecutive monthly record as demand for EVs surged amid rising petrol and diesel prices.

In June, the Model Y was among the top-selling EVs, alongside the BYD Sealion 7 SUV and the BYD Atto 2 small SUV. The increasing popularity of EVs was further highlighted by the presence of electrified models in nine out of the top 10 best-selling vehicles for the month.

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