Electric vehicle (EV) maker Tesla has announced a brand new guaranteed future value (GFV) program in Australia for eligible customers financing a brand new Model Y SUV and Model 3 sedan through local finance company Driva.
This system gives buyers a pre-determined future resale value for his or her latest Tesla based on customer-agreed parameters including loan term and annual mileage. It is not available to rideshare drivers.
In an announcement, Tesla said this system 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 primary 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 corporate recorded its second consecutive 12 months of worldwide sales declines and was overtaken by BYD because 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 primary 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 brand new six-seater version of Tesla’s SUV.
The Model Y became the primary EV to top Australia’s overall monthly sales charts in May, no matter 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 considered one of three EVs within 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 ten top-selling models in June offered some type of electrification, either as a hybrid or electric vehicle, including the second-placed Ford Ranger, third-placed Toyota HiLux, eighth-placed Hyundai Kona and Tenth-placed GWM Haval Jolion.
MORE: Explore the Tesla showroom
This Article First Appeared At www.carexpert.com.au
