Tesla Introduces 84-Month Financing to Ease the Impact of Rising Interest Rates
TL;DR
Tesla is offering an 84-month financing term to attract more customers, with APRs around 6.39%. While this may lower monthly payments, the long-term loan could result in a total cost of over $63,000 for a Model Y, highlighting the downsides of high-interest, long-term loans. Tesla has been offering discounts and incentives on various models, including up to $7,500 off MSRP for Model S and X vehicles, as well as reduced prices for Model 3s.
- Tesla Now Offering 84-Month Financing Term InsideEVs
- Tesla Offers 84-Month Loans as Interest Rates Rise Bloomberg Television
- Tesla Offers 84-Month Loans To Help You Forget Interest Rates Are Rising Jalopnik
- Tesla Expands Financing Horizon with 84-Month Loans Not a Tesla App
- Tesla starts offering 7-year loans to lower payments on its electric cars Electrek.co
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on InsideEVs