Tech content trusted by users in North America and around the world
6,452 Reviews & Articles | 43,075 News Posts
TRENDING NOW: Grand Theft Auto V benchmarked at 1080p, 1440p and 4K

Tesla partners with some banks for some in-house financing for Model S buyers

Future Tesla Model S buyers could have in-house financing through Tesla

| Technology in Vehicles News | Posted: May 5, 2013 3:37 am

Tesla Motors' CEO, Elon Musk, announced last month a partnership with two major banks that would see consumers enjoy the option of in-house financing when purchasing their Model S electric car.

 

tesla_partners_with_some_banks_for_some_in_house_financing_for_model_s_buyers_02

 

Musk said that consumers could own the Model S electric car for less than $500 per month at the time, but has since revised these figures. Under the new plan, future owners of the Model S would expect the monthly cost to be around $580, which takes into consideration the projected savings from using electricity versus gas, depreciation and a few other factors. Tesla also notes that the cost for business use could be a low as $315 per month.

 

The new plan also involves an updated resale value guarantee, which states that the resale value on the Model S would be higher than Audi, BMW, Jaguar, Lexus or Mercedes. Tesla have also extended the amount of time an individual can finance a Model S from 63 months to 72 months, through Wells Fargo and US Bank.

NEWS SOURCES:Techspot.com

Related Tags

Further Reading: Read and find more Technology in Vehicles news at our Technology in Vehicles news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Subscribe to our Newsletter
Or Scroll Down