Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« 2015 Corvette Stingray to offer new eight-speed automatic; 5% improvement in fuel economy | Main | Ford China monthly sales cross 100,000 mark in March; 1Q sales up 45%, March sales up 28% »

Print this post

Tesla launches business leasing program

8 April 2014

Tesla Motors has launched a new business leasing program for the Model S. The Tesla business lease is available through Tesla Finance, a new subsidiary set up especially to offer this new product to business customers.

As an example, according to the configurator on Tesla’s site, the monthly lease payment for an 85 kWh model (cash price $79,900) would run $1,199; factoring in gasoline savings (-$261 per month) and the business tax benefit (-$395 per month) brings that to a net $543 per month.

Tesla Model S financing options
Model Finance Business lease Cash
Est. gross mo.payment Net payment Gross mo. payment Net payment
60 $986 $609 $1,012 $408 $69,900
85 $1,125 $788 $1,199 $543 $79,900
P85+ $1,312 $1,029 $1,451 $725 $93,400
All figures from Tesla’s ordering configurator; incentives not included in cash price or gross monthly payments

The lease program completes a suite of products, including the Resale Value Guarantee and loans from Tesla’s banking partners, that provides a range of financing needs for Model S customers.

Tesla said that its customers in small- and medium-sized businesses have been asking for a leasing program for the ease and simplicity of being able to deduct the payments from business taxes.

Customers can handle and sign their lease agreements completely electronically.

April 8, 2014 in Brief | Permalink | Comments (0) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef01a73da4c65c970d

Listed below are links to weblogs that reference Tesla launches business leasing program:

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2013 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group