Submitted by Skotty on June 16, 2013
I just watched the Tesla Financing video again, and it left me perplexed. The website seems to suggest that with financing, you need to put a down payment in the range of 10% to 15%. However, in the Tesla Financing video, Elon says that the financing allows the down payment to be covered by the tax credit. This isn't compatible with what the website suggests. Even a lower 10% down payment will be more than the $7500 provided by the tax credit. Also, it's not clear if this is just a play on words, or if the bank taking the tax credit in lieu of an actual down payment is actually part of the deal.
Can anyone clarify?