Tesla Roadster now available with financing by Bank of America

Article by Christian Andrei, on August 29, 2010

If you´ve been eyeing the all-electric Roadster but didn´t want to put out the cash for it, the Bank of America can help. Tesla announced that it is partnering with the Bank of America, which now offers a range of new financing packages for the Roadster.

The Bank of America will be providing a very easy online interface for these services as it will directly finance, document, and service vehicle loans for customers.

Take note that all agreements and payments will be between the customer and the Bank of America.

Now for the math: the car retails for more than 100,000, meaning that monthly repayments would total roughly $1,650 taking into account a $7,500 federal tax credit, a $20,000 down payment and 7.7% financing over a 60 month loan period.

Consider the major savings that you can get for buying the all-electric Roadster compared to a gas-guzzling vehicle.

Fully recharging the Roadster costs a mere $4 and it has fewer moving (and breakable) parts than internal combustion engine sports cars.

Imagine not having to dish out for car maintenance costs as it does not require routine oil changes, or parts like an exhaust, spark plugs, pistons, hoses, belts and clutches.

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