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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
by 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 agoFrom 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...