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Tesla guarantee future value of Model S in finance deal

Tue, 07 Oct 2014 00:00:00 -0700

Tesla guarantee future value of Model S (pictured) in finance deal

If you run a company car – and you’re comfortably off – there’s a lot to commend the Tesla Model S. But if you’re a comfortably off private buyer who doesn’t quite get the tax breaks on a car a company car driver does, Tesla still want to make you an offer you can’t refuse. Teaming up with Alphera Financial Services (which just happens to be owned by BMW), Tesla are offering an appealing deal on the Model S, and guaranteeing its future value too.

In fact, Tesla are guaranteeing that your new model S will be worth at least 50 per cent of its purchase price (based on the 60 kWh Model S) plus 43 per cent of all options, including the upgrade to the 85 kWh battery pack.

The headline offer is 15 per cent down and a contract period of between 36 and 72 months, with the option to sell – but not the compulsion – your Model S back to Tesla in month 37 on the aforementioned basis, for a monthly payment of £820 (based on the entry-level model).

Of course, Tesla are quick to point out that running a Model S will cost far less than running an ICE car, so once they’ve factored in stuff like fuel savings, road tax and London congestion charge costs they reckon it’ll be more like a real cost of £645 a month (but a chunk more by the time you’ve specced the Model S you really want).

Still, it’s a decent deal with reasonable monthlies for perhaps the only truly appealing EV on the market.

By Cars UK