Buy a Tesla Model S for $500 a Month! [Video]
Oh, ye of little faith. You thought nobody could make a cool electric car, but Tesla Motors has the pulse of Silicone Vally types and has transformed the Model S into a huge success.
We've talked at length about what makes the Model S good, but buying a car is always something a bit different to liking it. Tesla CEO Elon Musk has found the perfect way to make it a lot more affordable, by launching a "revolutionary new finance product" in partnership with Wells Fargo and US Bank.
You can buy a Model S with a 10% down payment, which is actually covered by the US Federal and state tax credits ranging from $7,500 to $15,000. New Jersey, Washington and DC also have no sales tax for electric vehicles, so basically all you have to do now is worry about the down payments.
Obviously, the rates will vary depending on what trim you buy, but Tesla says that "when considering the savings from using electricity instead of gasoline, depreciation benefits and other factors, the true net out of pocket cost to own a mid-range Model S drops to less than $500 per month."
Watch Elon's announcement in the video below and watch out for the words "Mercedes S-Class". This guy is the Steve Jobs of plug-in cars, only healthier.
By Mihnea Radu