Submitted by Peter J on April 12, 2013
Tesla claims that "US Bank and Wells Fargo will provide 10% down financing on approved credit, and the down payment is covered or more than covered by US Federal and state tax credits", combined with the 36 month buy back. But when I applied (with FICO score of 800+ and plenty of income), Wells "approved" 10% cash down, plus the tax credits, with a 60 rather than a 66 month term. I just lost any benefit from the tax credits, and that's a lot of dough. Calls and emails to Tesla Finance for an explanation not yet returned.
I have been waiting for my (Red) car since June of 1999 (Order # P884). Perhaps the Tesla/Wells or USBank partnership financing that Elon announced is only available for new orders. If so, I do not feel like a treasured long time Tesla supporter.