What are the financing options like for Tenet electric vehicles? I’m interested in Tenet Financing. Has anyone here used their services? They specialize in EV-only loans with attractive rates and terms, including the option to defer a portion of the principal until the end of the loan for lower monthly payments. If anyone has firsthand experience with them, I’d love to hear about it.
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I don’t see deferring principal as an advantage. If finances are tight enough that you’re considering deferring principal, it could indicate that you’re taking on too much debt. This approach typically results in paying more interest over the loan term. Personally, I prefer making extra principal payments on my loans to reduce interest costs in the long term.
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I fully understand how finance operates. I believe the principal deferral option is intended for situations where you want to apply your tax credit to the loan but haven’t received it yet. For instance, if you purchase a car now and defer $7,500 of the principal, you can apply the tax credit when you receive it, effectively treating it as if you received the tax credit upfront instead of waiting.
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Tenet provides a balloon loan. Just be aware: Tenet loan review
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It’s technically distinct from a traditional balloon payment because they use the $7,500 tax rebate to adjust the down payment. This option isn’t available if you have an ICE vehicle.
BS refused to pay S class 120k apiece, who they also finance (CCU pays off 5% of the home, lol).
Really, who do they finance?