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0 pointsceterum_censeo9y ago0 comments

I guess that is my confusion, I thought Tesla was originating the lease.

0 comments

Tesla sells the car to a bank, and the bank leases it to the customer. For leases done through Tesla directly, Tesla just talks to the bank for you.

ceterum_censeoOP9y ago

Sorry, not trying to be difficult, but this doesn't clear things up for me. Are you saying that Tesla does not lease directly to the consumer?

mikeash9y ago

Yes, that's right. They present it as if it were direct, but they're really just acting as a front for a third-party bank. They don't have their own finance arm.

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mikeash9y ago

Tesla sells the car to a bank, and the bank leases it to the customer. For leases done through Tesla directly, Tesla just talks to the bank for you.

ceterum_censeoOP9y ago

Sorry, not trying to be difficult, but this doesn't clear things up for me. Are you saying that Tesla does not lease directly to the consumer?

mikeash9y ago

Yes, that's right. They present it as if it were direct, but they're really just acting as a front for a third-party bank. They don't have their own finance arm.

1 more reply

j / k navigate · click thread line to collapse