Re:Tesla improves financial product and lowers monthly payment
by avelis on Friday May 03, 2013 @04:21PM
(#5652399)
Model S
Auto loan amount: $62400 (Cheapest option not including tax)
Auto loan term: 5 yrs
Interest rate: 8%
Monthly auto loan payments: $1265.25
Now this is a basic auto loan calculator. I am not factoring in tax incentivized discounts or overall savings per month on gas payments and no down payment. For now it's a number to start with.
Auto loan amount: $62400 (Cheapest option not including tax)
Auto loan term: 5 yrs
Interest rate: 8%
Monthly auto loan payments: $1265.25
Now this is a basic auto loan calculator. I am not factoring in tax incentivized discounts or overall savings per month on gas payments and no down payment. For now it's a number to start with.
Tool I used: http://www.bankrate.com/calculators/auto/auto-loan-calculato...