On eligible EVs we supply, the minimum we'll pay to buy it back is agreed before you drive away and written into your paperwork. Bring it back any time in the next 5 years and that money is yours.
Your guaranteed minimum sets the bottom of the range. It doesn't set the top. If the EV is worth more than that when you're ready to move on, sell it privately or trade it wherever you get the best price for it. Nobody is holding you to the lower number.
A new model lands, the market cools off, something shifts. Your number was agreed on day one and written into your paperwork, so none of that moves it.
Bringing the EV back is entirely up to you. You haven't signed up to sell it and you never have to. Keep it for ten years if that's what suits. The guarantee just sits there until you use it or until it runs out.
So there's no confusion: what is guaranteed is a minimum amount of money. It isn't a valuation of your EV and it isn't a prediction of what it will be worth. What it is worth on any given day is whatever the market says it is. On the day, you take whichever number suits you better.
The guaranteed minimum is agreed before you sign anything and it goes into your paperwork. You know the number before you drive away.
It's your EV, so use it. Keep it under 15,000 km a year, get it serviced on time and look after it.
Any time in the next 5 years you can bring it back for the guaranteed minimum. Or take a better offer if one is going. Or just keep driving it.
It's a share of what you paid for the EV and it depends on how long you've had it. The dollar figures are worked out on a $30,000 car.
| When you bring it back | Share of what you paid | On a $30,000 car |
|---|---|---|
| Year 1Within 12 months | 65.63% | $19,689 |
| Year 212 to 24 months | 56.25% | $16,875 |
| Year 324 to 36 months | 46.88% | $14,064 |
| Year 436 to 48 months | 37.50% | $11,250 |
| Year 548 to 60 months | 28.13% | $8,439 |
| After 5 yearsMore than 60 months | The guarantee has expired. You'll still get an offer, it just won't be a guaranteed one. | |
Worked out on the price of the vehicle only. On-road costs — rego, transfer fees, stamp duty, insurance and finance costs — sit outside the figure.
Six things. None of them are unusual — they're what keeps the car worth buying back.
The guarantee runs 60 months from the day you bought the EV. After that it's finished. You'll still get an offer on it, it just won't be a guaranteed one.
Go over and the guarantee still stands, you just pay 25c for every extra kilometre. Three years in that's 45,000 km to play with.
Stick to the manufacturer's schedule, use approved parts and fluids, and keep the logbook and receipts with the EV.
Normal wear from normal driving is fine and is expected. Damage from neglect, crashes or bad repairs is a different thing.
Any finance owing has to be paid off. The buyback money goes towards that first, and whatever's left is yours.
The guarantee is tied to you and that EV's VIN. Sell it to someone else and the buyback doesn't go with it.
Five years of driving leaves marks and that's expected. This is where the line sits, area by area. The full guidelines are the ones actually applied on the day.
Run through this and the assessment is a formality rather than a negotiation.
Then you're in front. Sell it privately, trade it in wherever you get the best price, or bring it back and talk about what it's worth on the day. The guarantee only sets the bottom of the range. It doesn't tie you to selling it back.
The minimum amount, and that's it. If the EV meets the conditions and comes back inside the window, you get at least that figure no matter what the market has done in the meantime. It isn't a valuation and it isn't a prediction of what your EV will be worth.
The guaranteed minimum is a fixed figure agreed on day one, so it doesn't move with the market or with what the battery does over five years — that's the point of it. Battery health is assessed as part of the condition check like everything else, and a battery damaged by misuse or neglect is treated as damage rather than fair wear. Normal capacity loss from normal use is not.
That's fine, it just gets sorted at the same time. The buyback money pays off your finance first and anything left over comes to you. If you owe more than the buyback is worth, you cover the difference so the car can be handed over with clear title.
It's based on the price of the vehicle itself. On-road costs sit outside it, so rego, transfer fees, stamp duty, insurance and finance costs don't count towards the figure.
It's your EV, so go for it. Just know that extras never add anything to the guaranteed minimum, whatever they cost you. You may also be asked to take them off and put the car back to standard before it's bought back, and a heavily modified car can be declined.
Nothing dramatic. The guarantee still stands, you just pay 25c for each kilometre over. If you've done 20,000 km more than your allowance, that's $5,000.
No. The guarantee is attached to you as the owner and to that specific VIN. If the car is transferred to someone else, the buyback ends.
You'll be told exactly what needs doing and you get the chance to have it repaired properly before the assessment is finalised. If it doesn't get fixed, the guaranteed minimum can be adjusted to cover it.
No. The Guaranteed Minimum Buyback sits on top of them. Your rights under Australian Consumer Law apply exactly as they always would.
Tell us what you drive and how you drive it, and we'll come back with EVs that suit — and, where the guarantee applies, the number it comes with.
Find my EVThis page is a plain-English summary. The Guaranteed Minimum Buyback is offered by Alfie Automotive P/L, applies only to eligible vehicles it supplies, and is governed by the full Guaranteed Minimum Buyback Terms & Conditions and the buyback details recorded on your vehicle purchase documentation. Where this summary and those terms differ, the terms apply. The guaranteed minimum is a minimum buyback amount only. It is not a valuation, a guarantee of resale value, or an offer to purchase at market value. The Guaranteed Minimum Buyback is an additional benefit and does not limit your rights under the Australian Consumer Law.
EVFinder is a vehicle-sourcing service and is not the seller of every vehicle it introduces you to. Where a vehicle is supplied by someone other than Alfie Automotive P/L, the Guaranteed Minimum Buyback does not apply to it. Ask us before you buy and we'll tell you either way.
