According to recent research by CarsDirect, it appears Tesla's interest rates and financing terms are better than many offers on competing vehicles. Obviously, the best deals on new cars have the lowest interest rates, and many people seem to prefer longer loan terms to keep the monthly payment down, especially when it comes to the purchase of a more expensive car, such as a Tesla.
Interest rates are rising, and many automakers are quoting higher rates than they were just a few months ago. Some people may say that the days of 0% financing deals on new cars are over. However, while there are far fewer low-interest offers than there once were, there are still some out there. That said, most have plenty of special restrictions, and few are available on EVs and other new models.
