Just thought I'd share this really.
I randomly read through my loan terms on Sunday morning, and found it mentioned early resettlement rebates. I previously had the impression, I think from a thread I read on here, that it wasn't possible to settle early without also repaying all the interest due for the full loan term.
Anyway, I emailed them and asked for an early resettlement statement, five months into a 6 year term (reasons for the long term and then deciding to close it now are personal & complicated...).
They replied on day two with a quote that just covered the remaining value on the car. No further fees or interest other than what I'd already paid. So I went ahead with it and a day later got an email confirming it's now HPI clear, saving a few grand's worth of interest and turning it from a liability into an asset.
So I can definately vouch for it being very straightforward, easy and essentially "free" if you're a UK Tesla Loan customer considering ending early.
I randomly read through my loan terms on Sunday morning, and found it mentioned early resettlement rebates. I previously had the impression, I think from a thread I read on here, that it wasn't possible to settle early without also repaying all the interest due for the full loan term.
Anyway, I emailed them and asked for an early resettlement statement, five months into a 6 year term (reasons for the long term and then deciding to close it now are personal & complicated...).
They replied on day two with a quote that just covered the remaining value on the car. No further fees or interest other than what I'd already paid. So I went ahead with it and a day later got an email confirming it's now HPI clear, saving a few grand's worth of interest and turning it from a liability into an asset.
So I can definately vouch for it being very straightforward, easy and essentially "free" if you're a UK Tesla Loan customer considering ending early.
