Submitted by soma on September 16, 2013
Two things are making me want to choose my financing externally:
1) Lower rate (like 2.5% instead of 3.3% from Tesla)
2) Finding out that annual Tesla service required for buyback guarantee
If I don't expect depreciation to be my main concern, then these two conditions cost me an extra >$3000 in loan and service costs. And my logic is that if Tesla is guaranteeing buyback, should I ever need to sell it, that will already provide a floor to the resale, whether to Tesla directly or not.
I imagine there should not be too much concern about being able to sell it externally (i.e., not worrying that I will rely on Tesla to buy it as a last resort).
What do you all think -- have you gone with Tesla financing, or your own bank?