3 ms·

I don't know, "Estimated Payment" is pretty clear at $980 a month, just below effective cost.

by LanceH 13y ago

nilkn 13y ago
On that page, perhaps, but that's not shown on the main design page: http://www.teslamotors.com/models/design http://www.teslamotors.com/models/design
- LanceH 13y ago
  It still says "effective monthly cost" versus straight up "monthly cost". Even read in the most naive light, this still more straight forward than the typical auto dealer tactics which are both more numerous and more deliberately designed to confuse. Take the typical ad for a lease of $169 a month. That could actually use an "effective monthly cost" price next to it. Once you add in the $2400 due at signing (ignoring TT&L), it's really $369 a month and much less of a bargain. Cell phones could use an effective cost instead of a their, "iphone for $99*" which just aren't the actual cost. That the effective monthly cost of a Tesla goes down due to subsidies, reduce fuel usage, and maintenance may seem strange, but is very real.
300bps 13y ago
I don't know, "Estimated Payment" is pretty clear at $980 a month I disagree. $601 per month is in bold almost-black and on my screen is about 115 pixels wide. $980 per month is in dark gray on gray, not bold and on my screen is about 82 pixels wide. In addition, the $601 per month has right under it a giant red button that says, "ORDER" which strongly conveys the idea that you are ordering a car for $601 per month. Then consider even the $980 payment is pretty silly. It's for a 6 year loan. Who gets a six year loan? My opinion is that Tesla is engaging in very misleading tactics here and it tarnishes my otherwise very high opinion of them. I guess there must be a population of people that would reject a car immediately if they saw that it cost $1,157 per month after putting 10% down on a 3.30% five year loan. I guess the person is supposed to initially think they can afford it, fall in love with it, then find a way to make the numbers work? I have no idea.
- greedo 13y ago
  From the link below, 17% of the loans in the last quarter of 2012 were longer than 73 months... http://online.wsj.com/article/SB10001424127887323646604578403191117526644.html http://online.wsj.com/article/SB1000142412788732364660457840...

I don't know, "Estimated Payment" is pretty clear at $980 a month, just below effective cost.

by LanceH 13y ago

I don't know, "Estimated Payment" is pretty clear at $980 a month, just below effective cost.

nilkn 13y ago

On that page, perhaps, but that's not shown on the main design page: http://www.teslamotors.com/models/design http://www.teslamotors.com/models/design

LanceH 13y ago
It still says "effective monthly cost" versus straight up "monthly cost". Even read in the most naive light, this still more straight forward than the typical auto dealer tactics which are both more numerous and more deliberately designed to confuse. Take the typical ad for a lease of $169 a month. That could actually use an "effective monthly cost" price next to it. Once you add in the $2400 due at signing (ignoring TT&L), it's really $369 a month and much less of a bargain. Cell phones could use an effective cost instead of a their, "iphone for $99*" which just aren't the actual cost. That the effective monthly cost of a Tesla goes down due to subsidies, reduce fuel usage, and maintenance may seem strange, but is very real.

300bps 13y ago

I don't know, "Estimated Payment" is pretty clear at $980 a month I disagree. $601 per month is in bold almost-black and on my screen is about 115 pixels wide. $980 per month is in dark gray on gray, not bold and on my screen is about 82 pixels wide. In addition, the $601 per month has right under it a giant red button that says, "ORDER" which strongly conveys the idea that you are ordering a car for $601 per month. Then consider even the $980 payment is pretty silly. It's for a 6 year loan. Who gets a six year loan? My opinion is that Tesla is engaging in very misleading tactics here and it tarnishes my otherwise very high opinion of them. I guess there must be a population of people that would reject a car immediately if they saw that it cost $1,157 per month after putting 10% down on a 3.30% five year loan. I guess the person is supposed to initially think they can afford it, fall in love with it, then find a way to make the numbers work? I have no idea.

greedo 13y ago
From the link below, 17% of the loans in the last quarter of 2012 were longer than 73 months... http://online.wsj.com/article/SB10001424127887323646604578403191117526644.html http://online.wsj.com/article/SB1000142412788732364660457840...