TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Two questions about Tesla Financing

Discussion in 'Tesla, Inc.' started by Argelius, Sep 22, 2013.

  1. Argelius

    Argelius Member

    Jun 8, 2013
    Palm Springs, CA
    I just completed my online "application" for financing through Tesla. Two quick questions:

    [1] I am primarily looking to do this so that I can take advantage of the 36 month residual value guarantee. Am I correct that to get this, I must finance at least $30K for a minimum of 6 months (after which time I can, if I choose, pay off the loan and still benefit from the guarantee?

    [2] In the quote I received, they stated, "*If you choose to finance $65,000.00 or less your rate will increase by 20 basis points (0.20%)." Is this normal -- for the rate to be higher for a smaller loan?


Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.