TOTAL COST OF OWNERSHIP
Financing through Scotiabank combined with fuel savings create a low effective monthly cost.
Tesla offers two options for financing Model S: longer term loans up to 84 months that have low monthly payments and shorter term loans of between 36 and 66 months that come with our guaranteed resale value. By guaranteeing the value of Model S over time, Tesla Financing combines the advantages of financing and leasing in one program.
Residents of Ontario and Quebec are also eligible for electric vehicle incentives of up to $8,500.
This calculator is intended to give you an idea of how much you can save by driving Model S compared to a gasoline sedan.
Financing approval is based on your credit and program guidelines. Changes in term or down payment may change the annual percentage rate and are subject to change without notice. We have excluded Goods and Services Tax, any other value-added taxes, registration fees, and loan fees from the above calculator because they vary from province to province.
When calculating business tax benefit estimates, we have assumed the highest marginal tax rate currently effective in the province selected (or 44% for the “other province” selection) and 80% business use of your car. These estimates include depreciation, interest expenses, and operating expenses from use of electricity over gasoline. Your actual effective tax rate and actual use of your car will change the estimates provided. You should consult your own tax advisor regarding the applicability of any tax laws that may be specific to your situation.