Tesla Motors Club
As part of my research prior to purchasing my first Tesla (a Model S), I've been looking for some historical information on Tesla's Financing Rates in Canada. In order to ensure that I'm getting the best financing rate, I wanted to understand the historical patterns which might help me predict when the company runs rate promotions. Based on the info I have gathered, here's the recent history of Tesla Financing Rates:
Can anyone fill in any of the gaps or provide info from when they financed their Tesla in Canada and what were the rates you received at that time? While there is some data around from US buyers on the rates they secured, I thought it might be useful to track these rates for Canadian buyers. Our banks are far more stringent on borrowing capacities than those in the US and therefore our rates tend to be different/higher.
If you're able to tell me what rate you got from Tesla's financing parter(s) in Canada over which term and when you got that rate, we can update this table as a reference for future Tesla Buyers who come to this forum.
| Time Period | Financing (36 Months) | Financing (48 Months) | Financing (60 Months) | Financing (72 Months) | Financing (84 Months) | Financing (96 Months) | Leasing (36 Months) | Leasing (48 Months) |
|---|---|---|---|---|---|---|---|---|
| October 1, 2017 - Present | 1.99% | 1.99% | 1.99% | 1.99% | 2.24% | 2.49% | 6.00% | 6.00% |
| April 1, 2017 - Sep 30, 2017 | 1.49% | 1.49% | 1.49% | 1.49% | 1.74% | 1.99% | ? | ? |
| ? - March 31, 2017 | ? | ? | ? | ? | ? | ? | ? | ? |
Can anyone fill in any of the gaps or provide info from when they financed their Tesla in Canada and what were the rates you received at that time? While there is some data around from US buyers on the rates they secured, I thought it might be useful to track these rates for Canadian buyers. Our banks are far more stringent on borrowing capacities than those in the US and therefore our rates tend to be different/higher.
If you're able to tell me what rate you got from Tesla's financing parter(s) in Canada over which term and when you got that rate, we can update this table as a reference for future Tesla Buyers who come to this forum.