Tesla Unveils LeaseToOwn Financing Program

3 Июн 2014 | Author: | Комментарии к записи Tesla Unveils LeaseToOwn Financing Program отключены
TESLA Model S – 60 kWh Auto

| By: Sharon Carty

Tesla announced Tuesday that unveiling a lease-to-own program could bring the cost of for some buyers, to less $500 a month.

Tesla CEO Musk said the loan is designed to make the Model S to a much broader audience most people expect. The CEO is a wave of publicity this after announcing the EV company be profitable for the quarter after more than expected S EVs. [Read that here .]

Most critically, though, the gives people who lease a the $7,500 tax break that the gives out for electric and hybrid Until now, Tesla customers lost out on that which went instead to the that provided the lease.

(who have excellent will get that rebate US Bank and Wells Fargo, have agreed to provide the 10 down payment required to a Model S. Monthly lease are based on how much the buyer as a down payment, and then by how much the car should be worth the car is turned back in. So Tesla is the Model S will be worth the as a Mercedes S Class .

There are specific lease costs $1,199 a month for the Model S, $1,421 for the 85-kWh model and $1,051 for the 60-kWh but Tesla is putting up invisible all over the place. Instead of those numbers, Tesla’s calculator talks about the cost of ownership. Tesla in the value of your time, of gas and EV incentives when arriving at $500 per month press-release-worthy

Members of of the Autobloggreen.com and Autoblog.com (sister sites to AOL Autos ) leases for the Model S and came up a range of monthly costs. editor Sebastian Blanco his own numbers for the 85-kWh model and out with an effective monthly of $1,133. Other Autoblog calculated theirs, and came up results between $834 and

Part of the Tesla offer is drivers have the right to on to the car after three years than give it back, said. Buyers will paying off the loan, which for five years. Many car makers already offer a type of leasing model, but is different because it works like a five-year car loan of a three-year lease.

I think got something pretty great, a demure Musk.


Musk said one of his companies, City, used used a lease-to-own program. It was hard to get to buy solar panels outright, Musk, even with that the panels would be it in unspent electricity costs three years. But once the began offering leases, went up, he explained to reporters on

It’s a much simpler he said.

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