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Finance Your Tesla Roadster With Bank of America

 
1,552 views Jul 6, 2009

Tesla Roadster NYC

Tesla Roadster NYC

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Tesla Motors announced today that they're partnering with Bank of America to offer financing on their Roadster. This begs the following question: If you need to finance the Roadster, should you be buying one?

Tesla has always been very protective of their customers' identities, but we know at least two of them: George Clooney and Will.i.a.m. One is a filthy rich actor and the other is a dirty rich musician. Neither of them need a bank loan. We'll go out on a limb and say that the average Roadster customer doesn't need Bank of America's help.

The good news is, if you're a regular schmuck like the rest of us, you can swing the mortgage-like monthly payment, and you meet BOA's underwriting requirements, you could find yourself behind the wheel of your own Tesla supercar.

It would almost be like paying for your car three times over. You've got the principal, the interest, and the tax money you already gave to the nation's largest bank via the federal government. Cheers!

Source: Tesla via Autoblog Green





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Comments (3)

  1. By Rick Posted: 7/7/2009 6:43am PDT

    Very ignorant article. Tesla is obviously lining up financing for its upcoming Tesla S, which sells at the same price as any full-sized luxury car. 90% of which are financed. Since only the roadster is out now, they are offering it for the Roadster, but the obvious intent is the sedan.
     
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  2. By  Rob Posted: 7/7/2009 8:44pm PDT

    Rick - You're right. I would expect financing to be more prevalent with the Model S than the Roadster. That doesn't mean the thought of financing a Tesla Roadster isn't funny.
    You seem to be familiar with how banking works. Where do you get the 90% figure? And how long does it take to "line up financing"? And how many Roadster customers do you think will utilize this in the next year and a half (assuming Tesla keeps their schedule) until the Model S hits the streets?
     
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  3. By  Schmuck Posted: 9/21/2009 8:40am PDT

    It looks like a Porsche but it isn't any - am I right? I really like the Porsche Cayenne but it costs about 100.000 Dollar in the very best version.
     
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