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Re:Tesla Unveils New Finance Product by nhangen on Tuesday April 02, 2013 @06:37PM (#5482669)
Except for the fact that the 'monthly payment' is a lie based on fudging the numbers Groupon style. My opinion of Tesla has gone down after reading this and the fine print.
Re:Tesla Unveils New Finance Product by cjensen on Tuesday April 02, 2013 @07:56PM (#5483082)
On the plus side, they have a calculator which lets you run the numbers yourself: http://www.teslamotors.com/true-cost-of-ownership Using that, I got $1K/month for me for the lowest end Model S.

On the minus side, the initial values in the calculator are heavily shaded towards Tesla. Who spends 15 minutes at a gas stop? Using the average cost for electricity instead of the marginal cost?

Re:Tesla Unveils New Finance Product by DannyBee on Tuesday April 02, 2013 @08:04PM (#5483126)
Except, the calculator isn't great at true telling, lying by omission.

Try making the cost of gas low, and electricity high, and the "savings per month" simply drops to 0 and stays there, instead of wrapping around and becoming a cost.

Yeah it's an estimate, but it doesn't cover any of the basic possibilities.

Re:Tesla Unveils New Finance Product by abjr on Wednesday April 03, 2013 @10:25AM (#5486210)
The fact that they have the Business Tax Benefit selected by default is also very disingenuous.
Re:Tesla Unveils New Finance Product by nhangen on Tuesday April 02, 2013 @08:39PM (#5483319)
What I want to know his how much I'm writing a check for every month. The rest I can figure out on my own.

The fact that they shaded the initial number in order to close the sale is deceiving, and honestly, surprising from a company I previously held in high esteem.

It's not that this practice is uncommon, it's that I wouldn't expect it from Tesla.

Re:Tesla Unveils New Finance Product by smackfu on Wednesday April 03, 2013 @09:47AM (#5485975)
Wow, that is certainly an interesting calculator.

* Going from the $10k CA incentive to the $7.5k other states one changes the monthly from -80 to -11? Is the incentive sunsetting or something?

* The default settings assume you are using it for business and can deduct the cost. Just unchecking that makes it significantly more $$$.

* The gas savings assumes your gas car gets only 19 mpg and requires $5 gas.

Re:Tesla Unveils New Finance Product by lux on Wednesday April 03, 2013 @11:24AM (#5486636)
Minor niggle, but it says "Time spent driving to a gas station and refueling". The nearest gas station to my house would take about 5 minutes to drive to, so 15 minutes isn't that unrealistic.

Having a $222 business tax discount selected by default seems questionable to me though.

Re:Tesla Unveils New Finance Product by Retric on Wednesday April 03, 2013 @12:44PM (#5487180)
I think I average 15 min per fill up when you include how far out of the way I need to drive. The gas station I use is only about 2 miles from my house but there are a lot of stop lights between here and there.