Tue, Jul 14th, 2009
Tesla Motors said Tuesday that Bank of America will provide financing for purchases of its all-electric Roadster sports car.
Tesla said it expects the financing option to make the Roadster affordable for a larger number of people.
For example, a customer approved for a five-year loan on a base model Roadster could put down $20,000 before taxes and net of a U.S. federal tax credit and their monthly payment would be about $1,700 at a 5 percent annual percentage rate, Tesla said.
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