Bank of America to provide financing for Tesla’s $100,000 all-electric Roadsters
Bank of America is giving a jolt to sales efforts for the all-electric cars being built by California-based Tesla Motors.
Tesla, which is venture-capital backed, says Bank of America financing “makes the Tesla Roadster much more affordable.” However, interest rates are based on an individual’s credit and history.
“This announcement will help advance EV (electric vehicle) adoption by allowing more Americans to experience the joy and convenience of owning a Tesla,” proclaimed Tesla CEO Elon Musk. “And like our current customers, our new customers will never need to visit a gas station again.”
Still, the Roadsters aren’t cheap – around $100,000. Bank of America will finance up to 75 percent of the purchase price. After “as little as $20,000 down” and with the benefit of a $7,500 federal tax credit, payments would be approximately $1,700 a month at an interest rate of 5 percent, according to Tesla.
So far, Tesla has delivered some 500 Roadsters.
A new Roadster Sport, which retails at just over $50,000, goes on sale next year. The company is taking reservations.
On Thursday, Tesla is opening a regional sales and service center in New York. Stores are also planned in Chicago, Seattle, Miami, Washington, Toronto, Monaco and Munich.
Interested? You can apply for a Tesla online.
Featured
Hot Off The Wire
- Red Hat's new Fedora lead; Cree LED breakthrough; Google, Cisco top 'green' list; Oracle rejects SAP settlement; Yahoo board shakeup
- Will Cisco report progress in its turnaround efforts?
- Cisco server fire threat; Lenovo Android upgrade; cloud startup vs. Cisco; Epic's Blesinski to host awards; Google 'Solve for X'
E-mail Preferences
