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I am expected to take a of Model S in next two to three weeks. Is there other options our there then just two banks Tesla is recommending?
Also I am Indian residence, I was wondering how does the $7,500 tax credit works?
@neroden is right but it's not an all or nothing game. If you have very low tax liability, say you owe $2000 in federal tax, you get a $2000 credit to offset it. The remaining $5500 of available tax credit is lost and can't be rolled over in to next year. It's just gone. It's a NON-refundable tax credit and that's the way they work.
Unfortunately it's not a refundable tax credit where if you owe less than the credit amount, you get a check for the rest! Oh well. I'll have a Tesla to make me feel better.
Just locked in my loan with Tesla Finance today and got a great rate. Chase through Tesla is offering 1.73% for a 36 month loan.
I don't see Chase listed as a finance partner? How did you engage Chase through Tesla?
Just locked in my loan with Tesla Finance today and got a great rate. Chase through Tesla is offering 1.73% for a 36 month loan.
Alliant Credit Union will financed for 1.74% for 72 months 95% of MSRP.
You get the $7500 when you file your taxes on April 15 the next year.