Tesla Model X Owners Debt Bomb



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(Finansavisen 🙂 You can no longer move to Norwegian cities without seeing quantities of Tesla electric cars that abound in both the public area and roads in general. And the Tesla Model X is the new popular favorite.

In March and April, it was the fifth-best-selling car model in Norway. In May, he fell to sixth place, according to the Traffic Authority (OFV).

For the whole of 2017, the X model took fourth place and the S models in 8th place, of which 8,500 cars

The Elons Musk company is now the most popular car in statistics Norwegian purchase – VW Golf, writes Finansavisen. The Norwegian favorites came out of Norwegian dealers in 12,164 copies at the end of last year.

100% Loan

A sample of the market shows that many people drive around a Tesla X with a loan of almost 100%. The newspaper was based on Tesla X, which is available for sale on Finn.no with individuals as sellers. Of these 15 cars, four cars had no height. 11 of them had a sales strike that was just below or above the price trend.

– In general, we see that the financing of electric cars and private rent are increasing steadily. The range of electric cars is improving, becoming more and more accessible, and financing under favorable conditions can lead to more expensive items than usually if you pay the entire purchase price with your own or d & # 39; Other means, says the economist. Elin Reitan in Nordea, according to Finansavisen

More than 158,000 new cars were sold in Norway last year, and more than 34,000 of them were rented. The trend continues to stagnate this year if we believe the car dealerships.

Tore Rylander, General Manager of Car Sales at the Norwegian Association of Motor Vehicles, is looking forward to the growth.

The reasons for this strong increase are based on the fact that customers are more uncertain than ever about the proper course of action. Should we choose an electric car, hybrid, plug-in hybrid, diesel or gasoline? Likewise, uncertainty relates to what the car is worth in the future. With leasing, the consumer is not worried about the loss of value because the dealer is at risk. Many new car buyers need some funding for the purchase of a new car, and then leasing can provide security by "paying for uncertainty" associated with the purchase of non-electric powertrain, "says the newspaper. popular

The trend is however not as clear as all types of cars

Volkswagen Møller Bilfinans figures show that 43% of the golf courses bought new in 2017 were financed by them, including 29.8 % have been rented. The rest was financed by auto loans

Tesla Norway would not provide accurate figures for leasing in Finansavisen, but would say that the percentage is low.

– We are eager to have advantageous financing methods and partners. It states that leasing is not particularly popular among customers who buy the electric car

The proportion of leasing to other financing methods should not have changed since the beginning Sales. However, the numbers are not small. In February, Finansavisen wrote that DNB 's focus on small and medium – sized companies in the country last year led the bank to finance the Teslaer lease for a total of NOK 4 billion. So, if the smallest number of private clients do not address leasing, businesses do it to a greater extent. Even Jens Stoltenberg had an S model as a company car when he was a party leader for the Labor Party.

Roland could not answer the number of cars financed by car loans.

The financial newspaper, on the other hand, knows that Tesla very low loan rate of 0.25%. The loan provider was DNB. The campaign should have been successful for the Norwegian wing of the electric car manufacturer. A number of banks are now offering green auto loans to attract electric car buyers.

The financial journal was granted access to the vehicle register. When calculating the percentage of Tesla cars registered with the largest leasing companies, banks and Tesla itself, it is confirmed that the number is small. Only about five percent of the nearly 26,000 cars are supposed to be rented.

– Car loans can be considered very popular and there are probably no major deviations from other car brands. On the other hand, Tesla stands out from many others in the industry by the fact that it is often good to get on track with very advantageous auto loan prices. They led some campaigns where some who were sitting on the fence and inclined, with a high probability, and then their cut to finally achieve the dream, said Satheesh Varadharajan, president and chairman of the Tesla Owners Club Norway, according to the newspaper.

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