First - I've been lurking here for a couple months, but I sincerely appreciate this forum especially over the forum at Tesla's own website. Yes it's my first post ever and hopefully I don't get flamed for what I'm putting up. Searching for information has been helpful, but I never did find a post with this specific info.
Second - I've been driving alternative fuel vehicles since 2000 (see below). A Tesla has been my dream car for some time. Expected delivery of ordered Model S (S85, Black, Leather, Tech, parking sensors, subzero package) is late March. So right now, I'm in the process of figuring out what is the best way to pay for it (in my situation). It was a big decision for my wife and I to go for this and the financing & resale options were important to our decision making. I think that may be true of others and I hope what I post here will be helpful for them. Like anyone else I'm thrilled to be joining the Tesla family and can't wait for the car.
In other posts around the forum, there has been mention that one could finance via Tesla and pay off the loan in 6 months and qualify for the resale buyback guarantee after 36 months:
Tesla Resale Guarantee Document...
I would assume that this remains true for those who received the guarantee that indicates "6 months".
However, after asking several folks at Tesla, and then receiving the document related to my purchase (see attached, rec'd 2/18/14), it appears that it is now officially 36 months of financing required to qualify for the buyback guarantee.
In the long run, this is not a deal-breaker for me, but I thought it was important to mention for others who might consider this important. I am now thinking about financing the least amount possible (with maximum down) via Tesla over the 36 months so that I still qualify for the buyback guarantee. Alternatively, I have considered the low financing rates of Alliant etc that other helpful members of this board have posted about. In the end, who knows if/whether the buyback guarantee is worthwhile - for me, I think I might feel better having the option.
View attachment Tesla Financing Resale Value Guarantee 2-8-14.pdf
If someone knows of anything different -- or of any way to still get the 6 month option - let us know!
-------------------------------------------------------------------------------------
Go Green
Currently: 2013 Toyota RAV4EV, 2011 Nissan Leaf
Formerly: 2000 Honda Civic GX, 2000 Toyota Camry CNG, 2008 MiniE, 2012 BMW ActiveE
Second - I've been driving alternative fuel vehicles since 2000 (see below). A Tesla has been my dream car for some time. Expected delivery of ordered Model S (S85, Black, Leather, Tech, parking sensors, subzero package) is late March. So right now, I'm in the process of figuring out what is the best way to pay for it (in my situation). It was a big decision for my wife and I to go for this and the financing & resale options were important to our decision making. I think that may be true of others and I hope what I post here will be helpful for them. Like anyone else I'm thrilled to be joining the Tesla family and can't wait for the car.
In other posts around the forum, there has been mention that one could finance via Tesla and pay off the loan in 6 months and qualify for the resale buyback guarantee after 36 months:
Tesla Resale Guarantee Document...
I would assume that this remains true for those who received the guarantee that indicates "6 months".
However, after asking several folks at Tesla, and then receiving the document related to my purchase (see attached, rec'd 2/18/14), it appears that it is now officially 36 months of financing required to qualify for the buyback guarantee.
In the long run, this is not a deal-breaker for me, but I thought it was important to mention for others who might consider this important. I am now thinking about financing the least amount possible (with maximum down) via Tesla over the 36 months so that I still qualify for the buyback guarantee. Alternatively, I have considered the low financing rates of Alliant etc that other helpful members of this board have posted about. In the end, who knows if/whether the buyback guarantee is worthwhile - for me, I think I might feel better having the option.
View attachment Tesla Financing Resale Value Guarantee 2-8-14.pdf
If someone knows of anything different -- or of any way to still get the 6 month option - let us know!
-------------------------------------------------------------------------------------
Go Green
Currently: 2013 Toyota RAV4EV, 2011 Nissan Leaf
Formerly: 2000 Honda Civic GX, 2000 Toyota Camry CNG, 2008 MiniE, 2012 BMW ActiveE
