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Bank of America financing Roadsters

Discussion in 'News' started by Palpatine, Jul 6, 2009.

  1. Palpatine

    Palpatine Banned

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    Bank of America is now offering financing for Tesla Roadsters.

    Get your Tesla Roadster with monthly payments from Bank of America

    This should help Tesla out some. If the auto financing application is done via the Tesla Stores, then they are likely getting a fee of at least $1,000+ for selling the car loan for BofA.

    Does anyone with car financing experience know how much the auto dealer gets for brokering the car loan?
     
  2. mpt

    mpt Electrics are back

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    This is great news; it opens the door to anyone that can afford the re-payments and that's a lot more people.

    Great news.
     
  3. SirGiles

    SirGiles Member

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    They can get up to 4 % depending on the % rate charged to the end customer.

    Unscrupulous dealers make more on the finance than on the car.

    Longer the loan, the higher the % interest the bigger the $$

    It will lead to boy racers getting their hands on and wrecking precision engineering.

    Hopefully they will prefer to go play with a Nissan GTR or some other pretender to the throne of exclusivity.
     
  4. Dean

    Dean Member

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    ... ahhh, if only banks were willing to actually lend money as a contingency of offering a loan these days... well then we'd have something!
     
  5. malcolm

    malcolm Active Member

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  6. mpt

    mpt Electrics are back

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    More good news; please, crash Roadsters not GTR's that's two more electrics sold (the initial and the insurance replacement) and two less gass guzzlers; it's all good.
     
  7. dpeilow

    dpeilow Moderator

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    Finance or no finance, I hardly think "boy racers" will be getting their hands on a 100 grand car. I doubt their backup choice would be a 50 grand car either.
     
  8. AnOutsider

    AnOutsider S532 # XS27

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    Agreed, plus, let's not get all snobby ;)
     
  9. SirGiles

    SirGiles Member

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    "Joie de vivre" of owning a Roadster is not snobbery!

    Its something that should be cherished!
     
  10. dpeilow

    dpeilow Moderator

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  11. vfx

    vfx Well-Known Member

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    Bank of America to finance Tesla Roadster purchases | Up to Speed | Los Angeles Times

     

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