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Tesla Motors and Wells Fargo Announce Retail Financing Relationship

[...] "Affordable financing for electric vehicles is incredibly important as it provides our customers the ability to combine their monthly payment with monthly operating costs and realize the economic benefits of an electric vehicle from day one," said Elon Musk, Tesla Motors co-founder, CEO and Chief Product Architect. "Because the cost of electricity is significantly less than the cost of gasoline, the value proposition to customers on a purely economic level is going to be much more compelling than an internal-combustion powered vehicle."

Availability of retail financing broadens the customer base for Model S. The actual rate, term and down payment requirements for any loan will be based on each customer's credit profile and financing is subject to approval. Model S customers who obtain retail financing may also qualify for state tax credits, rebates, sales tax exemptions, free parking, commuter-lane passes and other perks. [...]
http://ir.teslamotors.com/releasedetail.cfm?ReleaseID=685578

Not leasing, yet. Purchase loans. Partway there ...

It's a start.


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