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Two questions about Tesla Financing

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

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  1. Argelius

    Argelius Member

    Joined:
    Jun 8, 2013
    Messages:
    243
    Location:
    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?

    Thanks!
     

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