I just completed my online "application" for financing through Tesla. Two quick questions:
[1] I am primarily looking to do this so that I can take advantage of the 36 month residual value guarantee. Am I correct that to get this, I must finance at least $30K for a minimum of 6 months (after which time I can, if I choose, pay off the loan and still benefit from the guarantee?
[2] In the quote I received, they stated, "*If you choose to finance $65,000.00 or less your rate will increase by 20 basis points (0.20%)." Is this normal -- for the rate to be higher for a smaller loan?
Thanks!
[1] I am primarily looking to do this so that I can take advantage of the 36 month residual value guarantee. Am I correct that to get this, I must finance at least $30K for a minimum of 6 months (after which time I can, if I choose, pay off the loan and still benefit from the guarantee?
[2] In the quote I received, they stated, "*If you choose to finance $65,000.00 or less your rate will increase by 20 basis points (0.20%)." Is this normal -- for the rate to be higher for a smaller loan?
Thanks!
