Tesla Model 3 Performace 2019
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£60,240.00
30/08/2019
Hire Purchase
Company Director
Birmingham
The directors of this Midlands-based manufacturing business enjoy their exotic cars, so when they wanted to purchase a Tesla Model 3 Performance through their business, they knew Fast Car Finance would be able to arrange the best Tesla financing rates.
The £60,240 purchase price was financed on Lease Purchase over a four-year term with a final balloon payment of £25,000 due at the end. By structuring the Tesla finance payments in this way, the lump sum payment at the end of the term allowed the client to benefit from lower repayments over the term of the loan, with the added flexibility of refinancing the £25,000 as they need to.
Structuring the Tesla financing rates in this way allowed the business to benefit from the generous 100% first year tax allowances that are available on all electric cars, including Tesla Model 3 Performance. With Tesla finance transactions going through the business name, the client could make a substantial saving against their next corporation tax bill.
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