So I have a 2.85% offer from Tesla and a 3.0% option from my local bank, and I was thinking about using my local bank just for familiarity and that my friend is a VP so payments are simple, etc. blah blah.
However, Tesla offers Resale Value Guarantee: http://www.teslamotors.com/sites/default/files/blog_attachments/tesla-resale-value-guarantee.pdf
Essentially, they will let you sell the car back to Tesla in the 36-39 month range for 50% of the base car price, adding 43% of any options you added. So for my car that would be....
$85,000 x 0.5 = $42,500
$12,500 x 0.43 = $5,375
Total: $47,875
Obviously the goal is that after three years the car would be able to be sold at MORE than that. But is it worth going with Tesla financing for this extra reassurance? Or is it so low that its kind of not worth considering?
However, Tesla offers Resale Value Guarantee: http://www.teslamotors.com/sites/default/files/blog_attachments/tesla-resale-value-guarantee.pdf
Essentially, they will let you sell the car back to Tesla in the 36-39 month range for 50% of the base car price, adding 43% of any options you added. So for my car that would be....
$85,000 x 0.5 = $42,500
$12,500 x 0.43 = $5,375
Total: $47,875
Obviously the goal is that after three years the car would be able to be sold at MORE than that. But is it worth going with Tesla financing for this extra reassurance? Or is it so low that its kind of not worth considering?