Consumers shopping for Tesla vehicles can now take advantage of low-rate financing options when reserving or purchasing a Model Y, Model 3, Model X, Model S, or Cybertruck through Tesla’s website or mobile app.
This financing initiative is being facilitated by Origence, a credit union lending technology company, which will offer competitive rates and extended financing terms through its new licensed subsidiary, FI Connect. This platform enables partner credit unions across the US to purchase and manage retail contracts.
When consumers finance their vehicle through FI Connect on the Tesla website, their contract will be purchased and serviced by a credit union.
Tony Boutelle, president and CEO of Origence, noted, “Tesla is making their cars more affordable for credit union members with price adjustments. With FI Connect and Tesla coming together, EV buyers can receive affordable financing through credit unions.”