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Liberty has also come up with a similar program for Tesla Roadster owners:
Dropbox - Liberty Tesla Roadster Offer Letter English and Chinese.pdf
Ask for Mr. Mark Ma, he knows what it's about, and send him the "Print Specs" from the teslamotors.com page, which includes options and price. markma at hitachi-capital dottt com dottt hk
Noticed on the Liberty Quotation I received under Alarm Clause, that a Factory built-in system is required. On the UK Spec I see "Anti-theft alarm and immobiliser system". This does not appear on the HK Spec.
Will this be a problem?
Has anyone been able to reach this Mr. Mark Ma? I emailed him last Thursday, haven't heard back, followed up today again but still no avail.
AppleFan
The maximum Finance tenors is 60 months.The interest rate is around 2.2%, Maximum finance 90% of the purchase price.
Handling charge: 500
For any enquiry, the customer can call us directly.
Best Regards
Mark Ma
Hitachi Capital (HK) Ltd
Phone: (852) 2398-4505
Fax: (852) 2170-9759
E-mail: markma --- hitachi-capital.com.hk
Website: Hitachi Capital (HK) Ltd
Yeah, I also got my loan from Hitach (4-yrs, 50% of the car's price and 2.1%).
Flexible Financing | |
ORIX offers tailor-made financial solutions with terms up to 60 months exclusively to Model S customers at a very competitive 1.49% rate. Both a hire purchase and a financial lease are available. |
Model S Accessibility
We are pleased to announce a special financing offer from ORIX that makes Model S even more accessible. Model S drivers already enjoy the exceptional price advantage of zero first registration tax, which can be as high as 90-100% of the retail price for premium internal combustion sedans. Financing with ORIX allows for a purchase with low monthly finance payments which highlights the monthly fuel and license fee savings Model S owners enjoy. As a result, the potential effective cost of driving Model S can be as low as just HK$7,770 per month.
Flexible Financing
ORIX offers tailor-made financial solutions with terms up to 60 months exclusively to Model S customers at a very competitive 1.49% rate. Both a hire purchase and a financial lease are available
Competitions on financing are all welcome!
- - - Updated - - -
Competitions on financing are all welcome!
While on the car financing:
Getting money out of a mortgage (of a house) to finance the MS is usually cheaper, provided you’re disciplined in repaying the car / additional mortgaged amount every month over a period of say 36-48 months. This carries an APR of around 1.2-2.2% (vs. 4% APR on a traditional car loan)
If you’ve TSLA shares in an US brokerage account for example, drawing down USD equity on margin from the brokerage account also works. Since USD is basically HKD as they’re pegged, it’s then a matter of converting USD into HKD to buy the car. The current USD margin interest rate is about APR 1-1.5% (vs. 4% APR on a traditional car loan). Again, provided you’re disciplined in paying back the margin loan over a period of time
Hope this helps, please also consult your financial adviser (or spreadsheet) before making a financial decision.
I am still sourcing the insurance; seems most insurance companies are very conservative about Model S.