Tesla China announces 0% down ‘Financial Leasing’ with buy-out options
Tesla China has announced a new “Financial Leasing” plan for more affordability as it offers the option of 0% down to purchase a vehicle, as well as several other financing options.
Bringing down the cost of Tesla’s cars, or at least offering more robust and flexible financing options so more people can afford its vehicles, is ultimately one of the goals of the automaker. Widespread EV adoption is already occurring in China, and Tesla is among the most popular manufacturers in the market. However, as competition increases, Tesla may have realized that more options need to be made available in terms of financing, making its products more appealing to the average consumer.
As a result, Tesla launched a new financing program in China, offering five options that make down payments, monthly payments, and terms more flexible for customers. It is a step in the right direction for the company to cater to more consumers and could increase sales in China slightly as more people will be able to afford Teslas.
Today, Tesla China announced “Tesla Financial Leasing” financial plan.
Which supports 0 down payment financial lease for a period of 1 to 5 years, is not owned by the consumer during the financial lease period, after which the purchaser regains ownership of the vehicle. $TSLA pic.twitter.com/X4Sw6AJZsU— 42HOW (@42how_) November 1, 2021
According to the terms, Tesla is offering five types of financing: Cooperative Financial Institution Loans, Tesla Financial Leasing, 50-50 Flexible Financial Leasing, 36-month Flexible Financial Leasing, and 60-Month Flexible Financial Leasing (translated from Chinese via Google Translate):
Cooperative Financial Institutional Loans
“15% down payment, flexible choice of 5-year loan term and monthly fixed amount repayment method.”
Tesla Financial Leasing
“From 0% down payment, 5-year least period, flexible choice, using monthly installments to make a payment and have convenient use of the vehicle. After the lease expires, the vehicle can be re-acquired in accordable with the ownership agreement.”
50-50 Flexible Financial Lease
“Down payment of 50%, 1-year lease term, 50% of the car price as the balance, low monthly payment.”
36-Month Flexible Financial Leasing
“A down payment of between 20% and 70% of the price of the car, a 3-year lease term, 30% of the car price as the final payment, low monthly payment.”
60-Month Flexible Financial Leasing
“A down payment of between 20% and 70% of the price of the car, a 5-year lease term, 30% of the car price as the final payment, low monthly payment.”
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
Tesla China announces 0% down ‘Financial Leasing’ with buy-out options
Non-Tesla Supercharging pilot program formally begins in the Netherlands
Credit: Elektrobloger/Instagram
Tesla has formally launched a pilot for its Non-Tesla Supercharger Network access program at 10 locations in the Netherlands. With the program in place, even Non-Tesla drivers would be able to enjoy the rapid speed and reliability of the Supercharger Network. Interested EV drivers who wish to try out the company’s Superchargers are advised to download the Tesla mobile app to gain access to the rapid charging infrastructure.
“With this pilot, we offer Dutch drivers of Non-Tesla’s the possibility to use our Superchargers at 10 locations via the Tesla app (version 4.2.3 or higher). Tesla owners can continue to use these charging stations in the same way they are used to. We will closely monitor the flow at the locations and listen to the experiences of our customers.
“Our ambition has always been to open the Supercharger network to Non-Tesla electric cars in order to encourage more drivers to make the switch to electric driving. This fits in seamlessly with our mission to accelerate the global transition to sustainable energy,” Tesla wrote.
Tesla highlighted that opening the Supercharger Network to Non-Tesla EVs would not hinder the expansion of the rapid charging infrastructure. Instead, the company noted that the more customers use Superchargers — Teslas and Non-Teslas alike — the faster the network could expand. Eventually, the company stated that it would likely expand the program, but for now, the pilot would be focused on the Netherlands alone.
The following are the Superchargers available to Non-Teslas in the Netherlands: Sassenheim, Apeldoorn Oost, Meerkerk, Hengelo, Tilburg, Duiven, Breukelen, Naarden, Eemnes, and Zwolle. To initiate a charging session, Non-Tesla drivers would simply need to open the Tesla mobile app, select “Charge Your Non-Tesla,” find a Supercharger location, add a payment method, connect their car to a Supercharger, and select “Start Charging.” Selecting “Stop Charging” effectively ends the charging session.
While the pilot program benefits Non-Tesla owners, the company noted that owners of Model S, Model 3, Model X, and Model Y would still benefit from the lowest prices available for the Supercharger Network. That being said, Non-Tesla owners are advised to sign up for a subscription service, which should reduce Supercharging fees.
“The charging price charged to Non-Tesla owners includes the additional costs associated with charging a large number of different cars, which are made to make the locations suitable for cars of other brands. The costs vary by location. You can view the charging prices in the Tesla app. The price per kWh for charging can be reduced by taking out a charging subscription,” Tesla wrote.
Tesla’s full blog post on its Non-Tesla Supercharger pilot program could be viewed here.
Don’t hesitate to contact us with news tips. Just send a message to tips@teslarati.com to give us a heads up.
Comments
Non-Tesla Supercharger access details teased in app update, includes “anti-ICE-ing” reminder
Credit: @olympusdev_/Twitter
Earlier this year, Elon Musk noted that Tesla would likely open its expansive Supercharger Network to non-Tesla EVs by the end of the year. According to the CEO, non-Tesla drivers who wish to access the Supercharger Network would simply need to use the company’s mobile app to connect to an available charging stall to initiate a charging session. Based on the code of version 4.2.3 of the Tesla mobile app, it appears that the company is doing what it can to make these features a reality in the near future.
The code of the Tesla app’s 4.2.3 update revealed a number of key references about the upcoming Supercharger service. The update’s code, for one, indicated that Tesla would be promoting its Supercharger Network as the “largest global charging network” in the market. The company would also be encouraging users to “save on (your) monthly charging costs with a Membership.” It remains to be seen what this Membership entails, but such an initiative would likely encourage more EV drivers to use the Supercharger Network.
Version 4.2.3 of the Tesla Mobile App has been released and this is a juicy one:-Charging subscriptions, charging non Tesla cars, pic.twitter.com/V4ChVZe8G1
— Tesla App Updates (iOS) (@Tesla_App_iOS) November 1, 2021
Similar to previous versions of the Tesla app, the company would be promoting its vehicles and merchandise for mobile users. Advertisements for the Model S, Model 3, Model X, and Model Y are visible, and the option to order any of the company’s existing vehicle lineup seems to be available as well. This marketing strategy could help Tesla expand its reach to more customers, as EV drivers would likely see the company’s offerings while charging their non-Tesla electric cars.
Image assets found in the new Tesla mobile app update provided hints at some of the options and menus that would be presented to mobile users as well. Based on a set of images retrieved by Tesla advocate @olympusdev_ on Twitter, it appears that non-Tesla owners would be able to perform searches for available Superchargers from the app itself. And just like what Musk hinted at earlier this year, non-Tesla drivers would simply need to indicate the Supercharger stall number they wish to use before initiating a charging session.
Interestingly enough, the Tesla app also seems to include some useful reminders for non-Tesla owners when they use the company’s Supercharger Network. These include a reminder not to park their EVs sideways when Supercharging, as this would result in other stalls being blocked. This is a pretty good more on Tesla’s part, as it would discourage non-Tesla owners from inadvertently “ICE-ing” a Supercharger stall.
While “ICE-ing” pertains to the practice of blocking an EV charging stall by an internal combustion-powered vehicle, incidents involving electric cars blocking other EVs have unfortunately become quite commonplace as battery electric cars became more mainstream. With this in mind, the company’s gentle reminder in its mobile app could be seen as an effort to avoid potential EV charging station blocking incidents, especially when the Supercharger Network is opened to non-Tesla electric cars.
Don’t hesitate to contact us with news tips. Just send a message to tips@teslarati.com to give us a heads up.
Comments