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Tesla Offers Roadster Customers a New Leasing Option

Tesla Offers Roadster Customers a New Leasing Option

Since the automaker’s inception, the only way would-be Tesla Roadster drivers could get the electric sports car in their garages was to purchase one outright. But all that’s about to change with Tesla’s new vehicle leasing program.

Purchasing any car — let alone a two-seat all-electric sports car that runs over $100,000 — is a big decision. In order to get more people behind the wheel of its Roadsters, Tesla launched its Tesla Motors Leasing program. Leases last 36 months, and require a $12,453 at signing, along with a $9900 down payment. With this lease plan, monthly payments are estimated to be in the neighborhood of $1658 — in comparison, Tesla’s purchase plan, offered through Bank of America, would run customers an extra $1200 each month.

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To add some icing on the cake, Tesla’s new “Tesla Rangers” service is included in the cost of the lease. As previously reported, the “Rangers” can perform service and maintenance tasks at the owner’s home in lieu of bringing it to a dealership. Normally, this service costs at least $1 per round-trip mile traveled.

Tesla’s lease program begins today, and according to the company, it’s ordered a handful of Roadsters with the most popular colors and options in order to prepare for customer demand.

Be sure to check out our comparison test that pits a 2010 Tesla Roadster against the 2010 Porsche Boxster Spyder (complete with video!).

Source: Tesla

By Michael Floyd

Coda Offers $552 Charging Rebate for California Buyers in October

Coda Offers $552 Charging Rebate for California Buyers in October

Coda Automotive is offering a $552 rebate to buyers in California during the month of October. The automaker says the rebate is equal to the cost of electricity it would take to propel the Coda sedan 10,000 miles in the Sunshine State, based on current electricity costs and the EV’s 88-mile range.

CODA cockpit 1 300x187 imageThe rebate is also being used to draw attention to the lower cost of electrical energy compared to gasoline and diesel. Using figures from the EPA and AAA, the automaker suggests that a gas- or diesel-powered vehicle averaging 22 mpg costs about $1700 to travel 10,000 miles at the national average fuel cost, while drivers in California will pay more than $2000 to drive the same distance.

Coda also says that EVs help protect owners from fluctuating fuel prices that have increased 106 percent on average since 1992, while electrical rates have declined on average 12 percent in the same time period.

The Coda sedan EV has a base price of $37,250 though federal and state incentives could amount to as much as $10,000 in savings, bringing the price to $27,250 before the manufacturer’s rebate.

Would 10,000 miles’ worth of electricity be enough to get you behind the wheel of a Coda? Tell us in the comments section below.

Source: Coda

By Jason Udy

Tesla Sends Roadster On 1800-mile Down Under Trek On “Oz Goes Electric” Tour

Tesla Sends Roadster On 1800-mile Down Under Trek On “Oz Goes Electric” Tour

In an effort to improve consumer awareness of electric vehicles’ capability and range, Tesla Motors is kicking off its Oz Goes Electric Tour to bring the Tesla Roadster to electric vehicle enthusiasts along Australia’s eastern coast. The Roadster will travel a total distance of 3000 kilometers (1864 miles). The tour launched March 16 at the Sofitel Hotel in Melbourne.

Officials from the Victorian provincial government and Department of Transportation were present at the event, with the tour being part of the local government’s electric vehicle trial and EV awareness campaign.

The tour will cover Victoria, New South Wales and Queensland, and feature test drive events and public displays of the Tesla Roadster along the route.

The Tesla Roadster also holds the record for distance driven on a single charge in a production electric vehicle, which was broken driving 501 kilometers (310.6 miles) in Australia. You can follow the tour here.

Source: Tesla

By Edward A. Sanchez