Tesla Motors Introduces Business Leasing For Model S


Today, Tesla Motors introduces business leasing for the Tesla Model S.  Tesla claims that the lease program is as transparent as possible and that the lease agreement, written in plain English, is just three pages long.  Furthermore, it can be signed at the time of delivery via the 17-inch touchscreen in the Model S.

Business Lease Details Model S P85

Business Lease Details Model S P85

Here’s Tesla detailing the Model S business lease:

A year ago, Tesla introduced a Resale Value Guarantee that gives customers the option to return their Model S after three years for a known value. When combined with a car loan provided by Tesla’s banking partners, this program gives customers the functional equivalent of a lease – and, because they own the car, they also get the benefit of the $7,500 federal electric vehicle tax credit. Many of our customers have chosen to take advantage of the Resale Value Guarantee.

In the meantime, however, our customers in small and medium sized businesses have been asking for a leasing program for the ease and simplicity of being able to deduct the payments from their business taxes. We’ve been listening to those requests, and today we’re happy to announce the launch of leasing for business owners.

Our leasing program is straightforward and transparent, and we’ve designed it to be user friendly. To begin with, business customers can easily see upfront their monthly cost of leasing while configuring their car on our website.

While customers have become accustomed to lease agreements that run as long as 10 pages, we found that we could say all that needed to be said in less than three pages – and it’s written in plain language.

In keeping with the Tesla way of doing things, our customers can handle and sign their lease agreements completely electronically. Customers are able to view an electronic version of the lease agreement upfront before delivery. Even the signature process at delivery is simple: a one-button tap on the 17-inch touchscreen in their new Model S is all it takes.

The Tesla business lease is available through Tesla Finance, a subsidiary we’ve set up especially to offer this new product to business customers. The lease program completes a suite of products, including the Resale Value Guarantee and loans from our banking partners, that covers a comprehensive range of financing needs for Model S customers. These financing options, when combined with the fuel savings of Model S, provide an attractive value proposition compared to what’s available for a gasoline-powered car.

The Tesla Motors Team

As you’ll see in the various graphics, Tesla still includes gasoline saving in the monthly payment price.  However, it’s easy to exclude that benefit and to get a clear look at the actual monthly payment.  In the case of a bare bones Model S P85, the monthly payment is $1,451 (based on the assumptions found below).

Are you a business owner who’s interested in leasing a Tesla Model S?  If so, then check out Tesla’s Model S ordering site for more info, including full payment details.

Business Lease Tesla Model S P85

Business Lease Tesla Model S P85

Business Lease Assumptions

Business Lease Assumptions

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9 Comments on "Tesla Motors Introduces Business Leasing For Model S"

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Too many assumptions as usual. Just give us the real price!

Read the line that says “Monthly Payment” in the “Business Lease Details Model S P85” image. Read the article that says the same thing.

Aaron, that should be

Read the line with the small print that says “Monthly Payment” in the “Business Lease Details Model S P85″ image. . . .

Clearly shows waning demand for this car. Now, hey are looking for every nook and corner to sell a few cars here and there, spreading their resources thin.

Also, just look at the delivery date : May 2014 when ordered in April! What does it tell us?
It seems, after clearing the initial backlog of initial orders, their pipeline is almost empty now. After all, there are only so many Tesla fans with deep pockets. It is not like facebook that people get afree tesla, that it’s going to grow exponentially.

If you read the website, you will see that P85 get priority 1 month delivery. The S60 and S85 are 2 month deliveries…

Is this the same as the personal “lease”? There, you must pay off the loan and get your hands on the title before you can “sell it back to Tesla” during month 36-39. You just can’t roll into a service center after three years and then they pay off your loan. You need to do the legwork first and clear the loan.

I wish they would not play these games with gasoline savings. Do provide that information but don’t confuse people about what their out-of-pocket cost will be.

Too bad they don’t propose that in Belgium yet, because with all the business vehicles around here that are tax deductible at 120 %, they would do a fantastic … well business.