Tesla Tweaks Its Financing Plan In Response To Criticism
When Tesla rolled out its somewhat novel vehicle finance product last month, it deservedly took criticism for suggesting one could take home a new Model S sedan on the cheap. Some of that criticism was found in this blog: "A Brand New Tesla For $500 A Month With No Money Down? Well, Sort Of." Today, the company has improved its offering a good deal, increasing the guaranteed resale value on its vehicles by nearly 20% and extending the financing term from 63 to 72 months. And the company's financing calculator is a lot less aggressive, resulting in a more realistic picture of what Tesla hopes you'll understand the "net cost" of the vehicle to be.