Tesla makes Model S ownership even easier, removes that last excuse

Posted by Rhuaridh Marr
May 5, 2013 12:31 PM |

Craving a slice of Tesla's automotive future, but don't have the bank account for the $62,400 sticker price? Fear not. CEO Elon Musk and co. have announced that, in addition to now offering unconditional warranties on all Model S power packs -- even if the user is at fault -- and using Model S and Roadsters as loaners should your car need to visit a garage, Tesla is also upping its finance terms to make the Model S even more accessible.

Apparently, sales have been strong enough that financing partners have agreed to allow the current 63 month finance term to extend to 72 months. Tesla claim that, after taking deposit and fuel-savings into account, the average user will pay just $580 per month to own the Model S. Business users can expect a monthly rate of $315, once the depreciation benefit is taken into account and with 70% of miles driven being for business use.

This comes with a fresh guarantee from Musk, who previously assured owners that the Model S would have a resale value comparable with that of the Mercedes S-Class and that the auto will have the highest resale value of any premium sedan.

Tesla has also updated the "true cost of ownership" section of their website, so if you're curious to see what impact the Model S would have on your automotive -- and financial -- life, head here and check it out.

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