I got 96 months at 2.79% with Scotia Bank in Canada. Anytime I buy new cars I always stretch it out the longest possible , to keep my monthly payments as low as possible. Im in sales so my business is up and down. I can't count on weekly cheques and stability so these high payments don't make sense for me. When I do get my commission payments I just throw a large sum down on the loan. I usually pay the entire car off in 2-3 years though anyway and my plan for my Tesla is the same. I just figure why add insult to injury every month on top of my mortgage, groceries, utility bills, insurance, property taxes, cell phone, etc. If I can take a $750/month payment and shrink it to $550/month , that will help me manage my other expenses. I know I'll have the car paid off anyway way earlier than the maturity date. So the extra interest is really irrelevant.