Tesla Motors Partners With Wells Fargo And US Bank To Finance Model S Electric Cars - Polidicks

[quote]The company says that this is a new kind of financing product that “combines the surety and comfort of ownership with all the advantages of a traditional lease.” So while this isn’t a straight-up lease, this is a hybrid that is as close to owning one of these cars as you’re going to get without paying cash for it. The “true net out of pocket cost” for a Model S with this deal is less than $500. After three years you’ll be able to turn the car in for cash or equivalent trade-in.[/quote] [media]http://www.youtube.com/watch?v=twC1d-HEfJw[/media] [url]http://techcrunch.com/2013/04/02/tesla-motors-partners-with-wells-fargo-and-us-bank-to-finance-model-s-electric-cars/[/url] [url]http://www.teslamotors.com/about/press/releases/tesla-unveils-revolutionary-new-finance-product[/url] Play with a pricing calculator here: [url]http://www.teslamotors.com/true-cost-of-ownership[/url] So now for the price of a gasoline luxury sedan, you can have an electric luxury sedan!

[i]85,000 watts of pure speed[/i] [img]https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQLcUS396xvdZVwq4rUFB9wlXhFSmAmTV6VGh-mgghm6aUCSlNfcw[/img]

$500 a month for a car like this is next to nothing, especially with no down payment. If I had a more stable income and could guarantee enough to pay this monthly, this would absolutely be my car of choice.

Don't be so hasty. If you actually go to the configuration, it's nowhere near $500. That's the effective cost when factoring in gas money and such, but the actual cost per month is over $1000. It's not actually as cheap as the video/marketing would lead you to believe.

[QUOTE=Edthefirst;40141359]Don't be so hasty. If you actually go to the configuration, it's nowhere near $500. That's the effective cost when factoring in gas money and such, but the actual cost per month is over $1000. It's not actually as cheap as the video/marketing would lead you to believe.[/QUOTE] All depends on the model you choose and what credits your State provides. If you choose the 60mwh model in California it'll be lower than 500, where the same model in Texas would be above 500. [editline]3rd April 2013[/editline] I'd still buy the fuck out of it if I had the money...

[QUOTE=ultra_bright;40141240][i]85,000 watts of pure speed[/i] [img]https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQLcUS396xvdZVwq4rUFB9wlXhFSmAmTV6VGh-mgghm6aUCSlNfcw[/img][/QUOTE]where we're going we don't need gas

[QUOTE=OvB;40141372]All depends on the model you choose and what credits your State provides. If you choose the 60mwh model in California it'll be lower than 500, where the same model in Texas would be above 500. [editline]3rd April 2013[/editline] I'd still buy the fuck out of it if I had the money...[/QUOTE] [img]https://dl.dropbox.com/u/99673/tesla.png[/img] Effective cost is their estimated how much it will cost you in the end, but that still ignores the fact that you have to spend over $1000 per month. It doesn't matter how much you save on gas, because there's still the upfront cost. [editline]3rd April 2013[/editline] Even if you deduce tax credits per month (which are just lump payments right?) then you still end up paying over $800 per month.

[QUOTE=Edthefirst;40141451][img]https://dl.dropbox.com/u/99673/tesla.png[/img] Effective cost is their estimated how much it will cost you in the end, but that still ignores the fact that you have to spend over $1000 per month. It doesn't matter how much you save on gas, because there's still the upfront cost. [editline]3rd April 2013[/editline] Even if you deduce tax credits per month (which are just lump payments right?) then you still end up paying over $800 per month.[/QUOTE] Oh I see what you're getting at now. Yeah, it's still an expensive car.

Good luck, Tesla. You're gonna fuckin' need it.

maybe if they stopped shooting all their money into space we could have free cars instead

The problem with the consumers isn't cost, it's ignorance.

[QUOTE=DrLuckyLuke;40142072]maybe if they stopped shooting all their money into space we could have free cars instead[/QUOTE] Who are you referring to when you say "they"? And why would their spending less result in free cars for others?

I wonder if could not make my payments to simulate what would happen if I didn't owe them money.

The monthly payment for me would be 5 times what I pay for my current car with a 3 year loan. But then I am not driving a fancy car.

[QUOTE=H8Entitlement;40142165]Who are you referring to when you say "they"? And why would their spending less result in free cars for others?[/QUOTE] It was a joke referring to Elon Musk

Still too much money for anybody but the upper middle class or the lower rich to afford especially when you take into consideration it has all the drawbacks of current electric cars - can't ever drive it more than about 200-250 miles without having to recharge (8+ hr process), you need to have a home that has access to a charge port or ability to charge your car on your own time (aka pretty much all apartments or anywhere you live where you have to park in the street are exempt), limited life time of batteries, etc. IMO electric cars simply aren't worth it until they can compete resonably with gasoline. Especially when your monthly payment for the car makes it more expensive to run than 90% of all vehicles on the road. Why get an electric car to "save money" on gas and such when you could just get a car that has only $150-$200/mo payment plus cost of gas (add about $100-$150 depending on your driving habits)? Total cost of a modern car with at least some level of fuel efficency then is maybe $300-$350/mo... or this one for $1000/mo (or "$500 with credits and such"). Call me when I can lease an electric vehicle for no more than $200-$250/mo, can be quickly recharged without having to sit out for 8hrs, and doesn't rely on me owning a home in order to actually charge it, and then we are talking.

Holy shit, an electric car that looks amazing, that's something new

[QUOTE=KorJax;40143988]Still too much money for anybody but the upper middle class or the lower rich to afford especially when you take into consideration it has all the drawbacks of current electric cars - can't ever drive it more than about 200-250 miles without having to recharge (8+ hr process), you need to have a home that has access to a charge port or ability to charge your car on your own time (aka pretty much all apartments or anywhere you live where you have to park in the street are exempt), limited life time of batteries, etc. IMO electric cars simply aren't worth it until they can compete resonably with gasoline. Especially when your monthly payment for the car makes it more expensive to run than 90% of all vehicles on the road. Why get an electric car to "save money" on gas and such when you could just get a car that has only $150-$200/mo payment plus cost of gas (add about $100-$150 depending on your driving habits)? Total cost of a modern car with at least some level of fuel efficency then is maybe $300-$350/mo... or this one for $1000/mo (or "$500 with credits and such"). Call me when I can lease an electric vehicle for no more than $200-$250/mo, can be quickly recharged without having to sit out for 8hrs, and doesn't rely on me owning a home in order to actually charge it, and then we are talking.[/QUOTE] This electric car is worth it though. It destroys most other performance luxury sedans in performance figures and handling, 0-60 in 4.6 seconds. It has manages more cargo space than most SUVs too! You can get up to 292 miles of range. It will fully charge from a dead state with the High power wall adapter in 4 and a half hours. At free supercharger stations, you can charge the first half of your battery in 30 minutes. The battery is guaranteed for 8 years. It only needs to be serviced once a year, and the drivetrain has only 3 moving parts, so you'll never be fixing too much. Tesla has managed to get rid of the biggest problems with electric cars, and make this a car not to change the electric car game, but the luxury market. When Tesla Motors designed the Model S, they wanted to not just make the best electric car, but the best car ever made. Judging by the press' reaction, as well as anyone who has driven one, I'd say that they have succeeded. It's obvious that this car isn't aimed at everyone though; Tesla's going for the people who'd by premium or luxury sedans this time around.

[QUOTE=OogalaBoogal;40144412]This electric car is worth it though. It destroys most other performance luxury sedans in performance figures and handling, 0-60 in 4.6 seconds. It has manages more cargo space than most SUVs too! You can get up to 292 miles of range. It will fully charge from a dead state with the High power wall adapter in 4 and a half hours. At free supercharger stations, you can charge the first half of your battery in 30 minutes. The battery is guaranteed for 8 years. It only needs to be serviced once a year, and the drivetrain has only 3 moving parts, so you'll never be fixing too much. Tesla has managed to get rid of the biggest problems with electric cars, and make this a car not to change the electric car game, but the luxury market. When Tesla Motors designed the Model S, they wanted to not just make the best electric car, but the best car ever made. Judging by the press' reaction, as well as anyone who has driven one, I'd say that they have succeeded. It's obvious that this car isn't aimed at everyone though; Tesla's going for the people who'd by premium or luxury sedans this time around.[/QUOTE] This electric car still really isnt worth it. At 800 a month, its way more than a normal car when it offers much less than a normal car does. This car offers several options, the lowest offers 302hp and 160 miles of range while the highest offers 420hp and 265 miles of range. The reasons the tesla isnt worth it; Very heavy (~4700lbs) Fairly big Rear engine, rear wheel drive (terrible for snow, ice, can offer poor steering in rain if they didnt ballance weight properly) Hard to find recharge stations in the US, ive never seen any at all

[QUOTE=TestECull;40141791]Good luck, Tesla. You're gonna fuckin' need it.[/QUOTE] Not really, his business plan is pretty solid, use any profits from current models to develop cheaper and more efficient models, then do the same with the next model until it's a cheap as fuck alternative to standard cars.

[QUOTE=FordLord;40144725]This electric car still really isnt worth it. At 800 a month, its way more than a normal car when it offers much less than a normal car does. This car offers several options, the lowest offers 302hp and 160 miles of range while the highest offers 420hp and 265 miles of range. The reasons the tesla isnt worth it; Very heavy (~4700lbs) Fairly big Rear engine, rear wheel drive (terrible for snow, ice, can offer poor steering in rain if they didnt ballance weight properly) Hard to find recharge stations in the US, ive never seen any at all[/QUOTE] Weight doesn't really matter when you have such good performance, neither does HP when you get 100% torque at 0 rpm. Size is a negative thing too?? Rear engine doesn't really matter since the main motor is the size of a watermelon, and fairly light compared to an ICE equivalent. Front to rear weight is 46/54. Tesla is currently building a network or chargers, but for most day-to-day use, you can just charge at home.

[QUOTE=OogalaBoogal;40144946]Weight doesn't really matter when you have such good performance, neither does HP when you get 100% torque at 0 rpm. Size is a negative thing too?? Rear engine doesn't really matter since the main motor is the size of a watermelon, and fairly light compared to an ICE equivalent. Front to rear weight is 46/54. Tesla is currently building a network or chargers, but for most day-to-day use, you can just charge at home.[/QUOTE] Weight is pretty important to some buyers, such as me. This car weighs 2000lbs more than my car does, thats insane if you ask me. Hp doesnt matter too much, but for a heavy car like that, you do want power. Size matters a lot, i know many roads that arent wide at all and many parking lots that my car barely fits in. This car is 11" wider than mine, and 20" longer. On many roads, youd have to ride the white line and in many parking lots, youd have to squeeze into one space and enjoy tons of scratches and dents, or park in the back taking up two. Rear engine cars really dont handle too good in poor weather. I can also see charging the car daily driving an electric bill sky high

I have a Tesla dealership right by my house, even for the cost you would be surprised how many of these things I see all over. It's not a bad thing to look at either.

Electric cars are more polluting than gasoline cars unless you get the energy from a renewable source... just saying. (not including the horrid disposal costs of batteries)

[QUOTE=TestECull;40141791]Good luck, Tesla. You're gonna fuckin' need it.[/QUOTE] The company is making a profit, and they've pledged to pay back their federal loan (pre-auto bailout) in 5 years instead of 10. I'd say they have it. [QUOTE=KorJax;40143988]Still too much money for anybody but the upper middle class or the lower rich to afford especially when you take into consideration it has all the drawbacks of current electric cars - can't ever drive it more than about 200-250 miles without having to recharge (8+ hr process), you need to have a home that has access to a charge port or ability to charge your car on your own time (aka pretty much all apartments or anywhere you live where you have to park in the street are exempt), limited life time of batteries, etc. IMO electric cars simply aren't worth it until they can compete resonably with gasoline. Especially when your monthly payment for the car makes it more expensive to run than 90% of all vehicles on the road. Why get an electric car to "save money" on gas and such when you could just get a car that has only $150-$200/mo payment plus cost of gas (add about $100-$150 depending on your driving habits)? Total cost of a modern car with at least some level of fuel efficency then is maybe $300-$350/mo... or this one for $1000/mo (or "$500 with credits and such"). Call me when I can lease an electric vehicle for no more than $200-$250/mo, can be quickly recharged without having to sit out for 8hrs, and doesn't rely on me owning a home in order to actually charge it, and then we are talking.[/QUOTE] Teslas can be charged with any household outlet overnight. You would have a full battery by morning. You can also charge at a Supercharger which can give you back most of your battery fairly quickly. (hour or so depending on size) Here's another thing you can play with about the charging times: [url]http://www.teslamotors.com/goelectric#charging[/url] [QUOTE=FordLord;40144725]This electric car still really isnt worth it. At 800 a month, its way more than a normal car when it offers much less than a normal car does. This car offers several options, the lowest offers 302hp and 160 miles of range while the highest offers 420hp and 265 miles of range. The reasons the tesla isnt worth it; Very heavy (~4700lbs) Fairly big Rear engine, rear wheel drive ([b]terrible for snow, ice, can offer poor steering in rain if they didnt ballance weight properly[/b]) [b]Hard to find recharge stations in the US, ive never seen any at all[/b][/QUOTE] The majority of the weight is [B]below the axles[/B] giving one of the lowest centers of gravity in any vehicle. It handles fairly well in snow. I think the majority of customers are in snowy climates, many in Norway. [media]http://www.youtube.com/watch?v=i0sflIrq_UM&list=UU5WjFrtBdufl6CZojX3D8dQ&index=13[/media] Tesla Superchargers are being built all over the country. Right now they're only operational on the West and East coast, but in about two years there will be one every 200 miles or so on the Interstate. Elon has said he would like them to be every 60 miles. [img]http://i.imgur.com/PPwJVNz.jpg[/img] [img]http://i.imgur.com/aOMv45J.jpg[/img] [img]http://i.imgur.com/FfquCQC.jpg[/img] [QUOTE=FordLord;40145173]Weight is pretty important to some buyers, such as me. This car weighs 2000lbs more than my car does, thats insane if you ask me. Hp doesnt matter too much, but for a heavy car like that, you do want power. Size matters a lot, i know many roads that arent wide at all and many parking lots that my car barely fits in. This car is 11" wider than mine, and 20" longer. On many roads, youd have to ride the white line and in many parking lots, youd have to squeeze into one space and enjoy tons of scratches and dents, or park in the back taking up two. Rear engine cars really dont handle too good in poor weather. I can also see charging the car daily driving an electric bill sky high[/QUOTE] Here's a Model S on the track: [media]http://www.youtube.com/watch?v=pU9qYfXltqE[/media] Have a better explained Motor Trend drive: [media]http://www.youtube.com/watch?v=AOdsTuaJEfc[/media] In a few years there will be a two motor model. [QUOTE=Glitchman;40145713]Electric cars are more polluting than gasoline cars unless you get the energy from a renewable source... just saying. (not including the horrid disposal costs of batteries)[/QUOTE] Many Tesla Superchargers use 100% solar, and Tesla recommends installing solar panels through a lease with SolarCity to your house to charge your car. And using power generated from dirty power plants is still cleaner than burning fuel in a car.

[QUOTE=Glitchman;40145713]Electric cars are more polluting than gasoline cars unless you get the energy from a renewable source... just saying. (not including the horrid disposal costs of batteries)[/QUOTE] Uhhh, no they aren't.

Did I mention it can seat 5-7, while having more cargo space than an SUV?

[QUOTE=Glitchman;40145713]Electric cars are more polluting than gasoline cars unless you get the energy from a renewable source... just saying. (not including the horrid disposal costs of batteries)[/QUOTE] Technically speaking, the environmental cost of producing power in a typical gasoline car is higher than the cost of producing the same amount of power in an electric car charged off of the mains, since most power stations run at a higher energy-to-pollution efficiency than an average gasoline car engine. Once you factor in the costs of actually producing the car and disposing of it after it's shot, maybe you're pushing back the dial, but from a purely operational standpoint, electric cars do pollute less. That said, the Model S is badass, I'd buy one but don't really need it right now.

[QUOTE=Glitchman;40145713]Electric cars are more polluting than gasoline cars unless you get the energy from a renewable source... just saying. (not including the horrid disposal costs of batteries)[/QUOTE] It doesn't matter where the source is, coal is still being burned whether or not there is a load on the electrical side of things. Also, lithium based battery chemistries are more environmentally friendly compared to alkaline and Ni-Cad batteries

I'm really hoping Tesla manages to popularize all-electric vehicles. There's so many plusses to them. The ONLY two issues with them is the distance limit and the charging time. Just imagine electric vehicles being commonplace. If supercharging stations were as common as gas stations, this would be incredible. You wouldn't be able to hear highways from miles away like you can now - electric vehicles are quiet as all hell. I'm just in love with Tesla, fuck.