Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Tesla Introduces Lease Financing for Business Owners

Following its recently completed 2013 fourth quarter in which a record-breaking 6,892 Model S cars were sold, Tesla (NASDAQ: TSLA  ) announced today it will begin offering business customers a new, traditional leasing option for its Model S vehicle.

One of Tesla's current financing alternatives is the Resale Value Guarantee. The Resale Value Guarantee provides customers with a financing contract with payment terms similar to those of a lease. However, Tesla drivers retain ownership of their vehicles, with an option to return them in three years at a pre-determined value, making them eligible to receive federal tax credits of at least $7,500. An additional tax credit may be available to electric car owners depending on a driver's state of residence.

The lease program announced today, according to Tesla, is designed for customers who own "small and medium sized businesses" and prefer to deduct the monthly lease payment for a Model S directly, rather than receive the one-time federal electric vehicle tax credit.

The introduction of its new financing alternative coincides with what is expected to be a record 2014 as Tesla expands its global reach. Sales of the Model S in China and Europe should, according to Tesla, bump sales as high as 35,000 units in 2014, compared to an estimated 22,450 last year.


Read/Post Comments (3) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2907235, ~/Articles/ArticleHandler.aspx, 8/29/2015 7:54:56 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Tim Brugger

Tim has been writing professionally for several years after spending 18 years (Whew! Was it that long?)in both the retail and institutional side of the financial services industry. Tim resides in Portland, Oregon with his three children and the family dog.

Today's Market

updated 22 hours ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:00 PM
TSLA $248.48 Up +5.49 +2.26%
Tesla Motors CAPS Rating: **