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Author Topic: Tesla announces cheaper way into a Model S Back to Topics
BIGOILEATURCRUD

Champion Author
North Carolina

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Message Posted: Apr 2, 2013 7:03:00 PM

Tesla Motors, which makes the Tesla Model S plug-in electric luxury car, has announced a new financing plan for those interested in buying its cars.

Under the plan, Model S buyers will be able to purchase the car without making a large down payment and will be able to sell it back for a guaranteed value after three years.

Tesla (TSLA)'s plan is designed to mimic the benefits of a lease: low initial cash outlay plus no worries about the car's eventual resale value, while allowing buyers to actually own the car outright. In a traditional lease, the bank or financing company actually owns the car and the driver essentially rents it for the period of the lease.

US Bank and Wells Fargo have agreed to finance 90% of the purchase price of the Model S, according to Tesla. The buyer will
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SVmike
Champion Author California

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Message Posted: Apr 3, 2013 1:27:55 PM

ClarkSC says: Bankruptcy is next.

Maybe you missed the item where they are now profitable.
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ceklea
Veteran Author Twin Cities

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Message Posted: Apr 3, 2013 10:58:24 AM

"The guaranteed residual value is the most striking feature of the plan. Residual values for plug-in electric cars remain a big risk factor for buyers."
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ClarkSC
Champion Author South Carolina

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Message Posted: Apr 3, 2013 4:33:16 AM

Bankruptcy is next.
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jjjleblanc
Champion Author Rochester

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Message Posted: Apr 2, 2013 10:40:51 PM

Interesting approach.
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Bussman
Champion Author Dallas

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Joined:Nov 2008
Message Posted: Apr 2, 2013 10:07:06 PM

A beautiful automobile at an extraordinary price. At $1,200/mo not sure how many outside Hollywood, Silicon Valley, and Boca Raton can afford them even with the incentive.
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ExplorerWA
Champion Author Washington

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Message Posted: Apr 2, 2013 9:17:40 PM

The price is going to have to come down...........a lot.
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tnfran
Champion Author Arizona

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Message Posted: Apr 2, 2013 7:53:47 PM

Ok for those after an electric car.

And very good for Tesla, the more exposure they get it could be a very good thing.

[Edited by: tnfran at 4/2/2013 7:55:30 PM EST]
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Vetteblu
Champion Author Denver

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Message Posted: Apr 2, 2013 7:22:55 PM

Bet it's not around $30,000.
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SUNOIL
Champion Author Toledo

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Message Posted: Apr 2, 2013 7:18:43 PM

Sounds too good to be true
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humblepie
Champion Author Toledo

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Message Posted: Apr 2, 2013 7:18:22 PM

this is a bigger rip off then a lease by far
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Suzzoom
Champion Author Nevada

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Message Posted: Apr 2, 2013 7:09:06 PM

As my father wisely said, "If you don't have the money in your pocket, you don't need to buy it."
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mastermariner
Champion Author Texas

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Message Posted: Apr 2, 2013 7:04:32 PM

Have to be creative to sell them
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Apr 2, 2013 7:03:58 PM


A chicken in every pot and an Electric Car in every garage!
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