How to pay for tesla

how to pay for tesla

ACH is a federally regulated electronic network that coordinates bank-to-bank transactions, ensuring that all financial information is confidential, safe and secure. Automatic payments made to Tesla through ACH are eligible for an automatic payment discount and can be set up through your checking or savings account.

You have the option to make an individual payment with a credit or debit card in lieu of or in addition to your monthly automatic payment. Any extra you pay will roll over and be applied to the following month’s charges.

Note: A credit or debit card payment must be made at least two business days before the draft date for automatic payment to be stopped.

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We will need a notice one to three months before the anniversary date of your intent to purchase, at which point we will provide you with the purchase price according to your PPA.Can I purchase my solar system?

Some contracts offer the option to purchase your solar system after five years of operation. Please refer to your Energy Products Order Agreement to review the eligibility requirements and process for purchasing your system.
To pay off your existing solar loan, please contact your loan provider.

How do I receive tax credits and incentives?

Customers that purchase a solar system by cash or solar loan may be eligible to receive available federal and state incentives. If you need assistance with claiming the Federal Tax Credit, please reach out to a professional tax consultant.

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Tesla Motors calculates the monthly payment at $903 per month after estimated savings.

The estimated monthly payment for a loan to buy a Tesla Model X is $1,253 per month with a $5,000 down payment and 72-month loan with a 1.99% APR. This estimation includes the $7,500 tax credit. Your monthly payment after estimated savings is $1,163 per month, according to Tesla Motors.

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You Can Opt to Lease a Tesla

If you don’t qualify for financing, leasing might be an option. You can customize your lease with the Tesla Leasing program to better afford the down payment and monthly payments.

Your lease payment will vary depending on the number of miles you plan on driving per year.

How to pay for tesla

Tesla will calculate and compare the payoff amount, early termination penalty (if applicable) and any equity (positive or negative) will be added to your Motor Vehicle Purchase Agreement. You will not need to pay off lease or loan in full prior to trading in that vehicle.

Can I apply the value of my trade-in vehicle to the total purchase of my Tesla? Yes.
You can apply any applicable positive equity towards the purchase of your new or used Tesla. If you have negative equity, it may be possible to roll some of this into your Tesla purchase.
See Trade-Ins for additional information.

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Taking Delivery

What information do you need from me before delivery? See Tesla Delivery Day to learn about the steps required before taking delivery.

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A custom order of this model costs an estimated $77,100 after estimated savings and carries a total cash price of $88,800.

Note that these are starting prices, so the final price you pay will depend on any upgrades and customizations for your vehicle. New Tesla Model S vehicles range in price from $84,200 to $156,800, and new Tesla Model X vehicles range from $103,200 to $106,250 in price.
Additionally, you might need to pay more for a vehicle warranty and other options that aren’t included in the listing price of your chosen vehicle.

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2. You Can Get Tax Credits for Owning a Tesla

If you live in the states of California, Colorado, Delaware, Louisiana, Massachusetts or Pennsylvania, you might qualify for a federal tax credit when you buy a Tesla Model S or Tesla Model X.

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Frequently Asked Questions About Billing

How do I pay my bill?

If you would like to make a payment online, log into your Tesla Account. Select ‘Billing.’ There will be a yellow ‘Pay Now’ tab.

Select ‘Pay Now’ and follow the instructions to finish making your one-time payment.

If you would like to pay by check, please include your job number, as listed on your invoice, in the memo line and mail all payments to the address included in your monthly invoice. Please note that this option takes the longest for processing (two to four weeks).

How can I view my billing and payment history?

If you would like to view your billing and payment history, log in to your Tesla Account.

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Pricing for a Tesla Starts at $35,000

According to Tesla Motors, Tesla prices begin in the mid-$30,000 range: The starting price of the Tesla Model 3 is $35,000. Production is expected to begin mid-2017 and delivery will start in mid-2018 or later.

You can reserve a Tesla Model 3 for $1,000.

The Tesla Model S is designed to be one of the most powerful sedans on the market and boasts an all-electric powertrain with Autopilot capabilities. A custom order of this model costs an estimated $59,500 after savings and carries a total cash price of $71,300.

The Tesla Model X has a futuristic design with an oversized windshield and Falcon wings, and is also an electric all-wheel drive vehicle.

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This isn’t an inexpensive household item that you can easily return. The next step is to see if Tesla has any service centers near you.

While Tesla doesn’t run an ordinary chain of car dealerships, it does own and operate service centers across the U.S.

These act as both maintenance locations and showrooms where you can see the cars in person, ask questions and take one out for a test drive. Make sure to do so. You may have to schedule a test drive in advance, because the company keeps relatively few cars at each showroom lot.

For people who don’t live near a showroom, Tesla offers two options.

First, the company periodically hosts test drive events across the country and around the world. You can look up upcoming events on Tesla’s website.

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As of March 2017, the Model S and Model X both qualify for a $7,500 tax credit and might also qualify for other state-sponsored tax incentives and rebates. You can find out through the Tesla Motors website what other incentives or rebates you’re eligible to receive.

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Tesla Financing Is Available

One way to buy a Tesla without paying the full cash price upfront is to get a loan with a Tesla financing program. You might be eligible for a loan offer based on a program with Alliant Credit Union available in all 50 states.

The estimated monthly loan payment for a Tesla Model S is $995 per month with a $5,000 down payment and 72-month loan with a 1.99% APR. The actual monthly payment will depend on the interest rate you qualify for and your down payment at signing.

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See your state’s requirements on the Registration page. In most states, temporary license plates are provided at delivery to allow for final processing to take place.

Can I register my car with two names, but only take out a loan in one name? No.

Your registration must match the names on the loan for your vehicle. This requirement applies to both Tesla Financing, Leasing and third-party financing.

You can directly edit your registration information in your Tesla Account.

Can I register my car to a business? Yes. You may register your vehicle to your business. Special conditions apply when it comes to financing under a business, so please consult with your Tesla representative.

Can I register my car to a trust? Yes.

You may register your car to a trust if you are paying cash or financing with a third-party institution.

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But if they have the stock, you can buy and drive like you would at a normal dealership. In all other states, the law either forbids this or is unclear.

Your second option for buying is to go online.

The general model for buying a Tesla is through the company’s website. You can also call the company’s sales team at (888) 518-3752.

You will configure your car through the website’s design studio and buy it right there, including filling out any paperwork for a loan.

This is a two-step process. First, you’ll need to configure your car. By now you should have a good sense of exactly what you want. On Tesla’s website, you can select your model, options and price. Spend a while on this, and go back to take another test drive if you have any second thoughts.

The second step is choosing your financing option.

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