FAQs

Find answers to common questions about finance, loans, and leasing services at Jade Finance. Our FAQs cover a wide range of topics to help you make informed decisions.
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Tesla Car Loans FAQs

  • If purchasing a luxury EV for personal use, a Secured Vehicle Credit product is typically most suited.

  • Terms on motor vehicle credit are subject to lender approval. Up to 7 years may be approved for some applications.

  • New operators that do not meet all the approval criteria has set by some banks and lenders may look to brokers and specialist lenders for Low Doc credit products.

  • Commercial credit products all include some tax deductible elements. CHP and Chattel Mortgage have deductions with asset depreciation and Leasing has deductible payments. Interest is a tax deduction.

  • Buyers can apply for secured or unsecured credit options to acquire battery storage and generation systems.

  • Luxury EVs can be funded with a Secured Vehicle Credit for personal borrowers and with Lease, CHP and Chattel Mortgage for commercial borrowers.

  • No deposit funding is available, subject to approval by the lender.

  • Buyers can compare repayment estimates on different models in a particular collection by using a credit calculator as provided by brokers and lenders as an online resource.

  • Buyers wanting to get rough estimates of motor vehicle credit can use an online credit calculator.

  • A balloon is available on commercial funding options of CHP and Chattel Mortgage. A percentage of the credit amount is agreed to be paid as a full amount after the final repayment.

  • When motor vehicle credit is arranged with a fixed interest rate, the rate would not change through the credit term.

  • Secured Vehicle Credit will suit most private buyers of high-end EVs. Commercial enterprises can decide which is their best option from CHP, Leasing and Chattel Mortgage.

  • No. Lenders assess applications for credit worthiness and financial stability when preparing rate offers. The rate should be the same for both petrol and electric vehicle funding.

  • In terms of the funding costs such as interest rates, the rate would typically be the same for an applicant, regardless of the vehicle being purchased. Rates are primarily determined by the credit status and financial position of the applicant.

  • Yes. Commercial enterprises with an ABN can apply for all types commercial motor vehicle funding.

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