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  3. Tesla Will Now Let You Finance Your EV Repairs… With Interest Rates as High as 36% APR

Tesla Will Now Let You Finance Your EV Repairs… With Interest Rates as High as 36% APR

Scheduled Pinned Locked Moved Not The Onion
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  • kayleadfoot@fedia.ioK This user is from outside of this forum
    kayleadfoot@fedia.ioK This user is from outside of this forum
    [email protected]
    wrote last edited by
    #1

    With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

    This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

    Only, neither of those numbers is even in the same ballpark as affordable.

    T thisbenzingring@lemmy.sdf.orgT A D A 13 Replies Last reply
    274
    • kayleadfoot@fedia.ioK [email protected]

      With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

      This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

      Only, neither of those numbers is even in the same ballpark as affordable.

      T This user is from outside of this forum
      T This user is from outside of this forum
      [email protected]
      wrote last edited by
      #2

      That's not financing, that's extortion

      1 Reply Last reply
      42
      • kayleadfoot@fedia.ioK [email protected]

        With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

        This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

        Only, neither of those numbers is even in the same ballpark as affordable.

        thisbenzingring@lemmy.sdf.orgT This user is from outside of this forum
        thisbenzingring@lemmy.sdf.orgT This user is from outside of this forum
        [email protected]
        wrote last edited by
        #3

        get insurance that covers windshield replacement

        it's money very well spent

        D j4k3@lemmy.worldJ S 3 Replies Last reply
        3
        • kayleadfoot@fedia.ioK [email protected]

          With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

          This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

          Only, neither of those numbers is even in the same ballpark as affordable.

          A This user is from outside of this forum
          A This user is from outside of this forum
          [email protected]
          wrote last edited by
          #4

          How much of this expense is because Tesla is a small auto manufacturer? I imagine they don't have the economies of scale that others do.

          And I'm not even thinking about the stupid wankpanzer with all it's custom BS...

          I feel like a competent CEO would have merged with a large auto manufacturer and maintained an independent leadership.

          B 1 Reply Last reply
          2
          • kayleadfoot@fedia.ioK [email protected]

            With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

            This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

            Only, neither of those numbers is even in the same ballpark as affordable.

            D This user is from outside of this forum
            D This user is from outside of this forum
            [email protected]
            wrote last edited by
            #5

            Imagine buying a car and your car payments keep going up over time because the repair costs rack up faster than your payments.

            1 Reply Last reply
            17
            • thisbenzingring@lemmy.sdf.orgT [email protected]

              get insurance that covers windshield replacement

              it's money very well spent

              D This user is from outside of this forum
              D This user is from outside of this forum
              [email protected]
              wrote last edited by
              #6

              Insurance premiums for Teslas have been skyrocketing because of this.

              thisbenzingring@lemmy.sdf.orgT 1 Reply Last reply
              4
              • thisbenzingring@lemmy.sdf.orgT [email protected]

                get insurance that covers windshield replacement

                it's money very well spent

                j4k3@lemmy.worldJ This user is from outside of this forum
                j4k3@lemmy.worldJ This user is from outside of this forum
                [email protected]
                wrote last edited by
                #7

                Drive to your local LKQ distribution center with stock and an extra $100. You won't make it past the 3rd installer you see show up in a van before someone will take your $100 with a new windshield installed within 30 minutes. Never buy a car unless LKQ makes reproduction parts. That is where 90% of auto body repair parts come from in the USA. Anyone can walk in and pay cash too.

                thisbenzingring@lemmy.sdf.orgT 1 Reply Last reply
                2
                • kayleadfoot@fedia.ioK [email protected]

                  With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

                  This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

                  Only, neither of those numbers is even in the same ballpark as affordable.

                  A This user is from outside of this forum
                  A This user is from outside of this forum
                  [email protected]
                  wrote last edited by
                  #8

                  A sane society would ban interest rates beyond 2x the Fed. 12% is plenty to make profit.

                  F dan@upvote.auD theneverfox@pawb.socialT S 4 Replies Last reply
                  36
                  • kayleadfoot@fedia.ioK [email protected]

                    With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

                    This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

                    Only, neither of those numbers is even in the same ballpark as affordable.

                    A This user is from outside of this forum
                    A This user is from outside of this forum
                    [email protected]
                    wrote last edited by
                    #9

                    Fat mobster: “Where else you gonna go? Autozone? Hahahahahaha!”

                    1 Reply Last reply
                    4
                    • A [email protected]

                      A sane society would ban interest rates beyond 2x the Fed. 12% is plenty to make profit.

                      F This user is from outside of this forum
                      F This user is from outside of this forum
                      [email protected]
                      wrote last edited by
                      #10

                      How will elon finance his trip to mars

                      1 Reply Last reply
                      1
                      • kayleadfoot@fedia.ioK [email protected]

                        With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

                        This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

                        Only, neither of those numbers is even in the same ballpark as affordable.

                        Y This user is from outside of this forum
                        Y This user is from outside of this forum
                        [email protected]
                        wrote last edited by
                        #11

                        Oh goody. It's damn CareCredit for cars.

                        1 Reply Last reply
                        2
                        • A [email protected]

                          A sane society would ban interest rates beyond 2x the Fed. 12% is plenty to make profit.

                          dan@upvote.auD This user is from outside of this forum
                          dan@upvote.auD This user is from outside of this forum
                          [email protected]
                          wrote last edited by [email protected]
                          #12

                          If this was done in the USA, a lot of airlines would struggle or even collapse if they couldn't figure out how to adapt.

                          The four biggest airlines in the US (United, Delta, American and Southwest) all lose money on flights. The way they make a profit is through their co-branded credit cards. The banks pay the airlines to purchase miles from them to use as points, and one of the primary ways the bank makes the money to do that is from interest payments.

                          https://www.investopedia.com/the-four-biggest-us-airlines-all-lost-money-flying-passengers-last-year-8781856

                          I'm not saying that interest rates shouldn't be limited, just that there'd be some major impact since a lot of the financial industry is funded by interest payments.

                          R B 2 Replies Last reply
                          4
                          • A [email protected]

                            A sane society would ban interest rates beyond 2x the Fed. 12% is plenty to make profit.

                            theneverfox@pawb.socialT This user is from outside of this forum
                            theneverfox@pawb.socialT This user is from outside of this forum
                            [email protected]
                            wrote last edited by
                            #13

                            A sane society wouldn't create a currency based on debt

                            Our entire economy is balancing on infinite growth, because it's all made up of chains of debt that all siphon off money upwards, at every step

                            1 Reply Last reply
                            23
                            • kayleadfoot@fedia.ioK [email protected]

                              With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

                              This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

                              Only, neither of those numbers is even in the same ballpark as affordable.

                              C This user is from outside of this forum
                              C This user is from outside of this forum
                              [email protected]
                              wrote last edited by
                              #14

                              from what I understand, Tesla's are fucking garbage so you're going have to finance a bunch of repairs for your expensive piece of shit

                              N B 2 Replies Last reply
                              8
                              • kayleadfoot@fedia.ioK [email protected]

                                With Tesla, you can turn a $2,442 windshield installation into a $3,174 windshield installation through the power of interest.

                                This is being reported by the Teslasphere as an "excellent option" to restore affordability to a car market that desperately needs more affordability.

                                Only, neither of those numbers is even in the same ballpark as affordable.

                                natakunox@lemmy.worldN This user is from outside of this forum
                                natakunox@lemmy.worldN This user is from outside of this forum
                                [email protected]
                                wrote last edited by
                                #15

                                This was always the case for poor individuals... We've been forced to finance our car repairs for decades now.

                                1 Reply Last reply
                                8
                                • C [email protected]

                                  from what I understand, Tesla's are fucking garbage so you're going have to finance a bunch of repairs for your expensive piece of shit

                                  N This user is from outside of this forum
                                  N This user is from outside of this forum
                                  [email protected]
                                  wrote last edited by
                                  #16

                                  Yeah. Insane. Like taking out a mortgage on a house of cards.

                                  1 Reply Last reply
                                  1
                                  • dan@upvote.auD [email protected]

                                    If this was done in the USA, a lot of airlines would struggle or even collapse if they couldn't figure out how to adapt.

                                    The four biggest airlines in the US (United, Delta, American and Southwest) all lose money on flights. The way they make a profit is through their co-branded credit cards. The banks pay the airlines to purchase miles from them to use as points, and one of the primary ways the bank makes the money to do that is from interest payments.

                                    https://www.investopedia.com/the-four-biggest-us-airlines-all-lost-money-flying-passengers-last-year-8781856

                                    I'm not saying that interest rates shouldn't be limited, just that there'd be some major impact since a lot of the financial industry is funded by interest payments.

                                    R This user is from outside of this forum
                                    R This user is from outside of this forum
                                    [email protected]
                                    wrote last edited by
                                    #17

                                    I have one of their cards but I pay my balance off every month. They have got to hate me.

                                    B 1 Reply Last reply
                                    2
                                    • R [email protected]

                                      I have one of their cards but I pay my balance off every month. They have got to hate me.

                                      B This user is from outside of this forum
                                      B This user is from outside of this forum
                                      [email protected]
                                      wrote last edited by
                                      #18

                                      Even when you pay off your balance every time, they still make money charging merchants for every transaction. But yeah, they make shit tons more from people carrying balances.

                                      R dan@upvote.auD 2 Replies Last reply
                                      6
                                      • B [email protected]

                                        Even when you pay off your balance every time, they still make money charging merchants for every transaction. But yeah, they make shit tons more from people carrying balances.

                                        R This user is from outside of this forum
                                        R This user is from outside of this forum
                                        [email protected]
                                        wrote last edited by
                                        #19

                                        I mean that’s credit cards in general. The alternative would be to switch to a debit card, but as a consumer there’s quite a few protections I’d lose out on like charge backs and fraud protection.

                                        B 1 Reply Last reply
                                        1
                                        • C [email protected]

                                          from what I understand, Tesla's are fucking garbage so you're going have to finance a bunch of repairs for your expensive piece of shit

                                          B This user is from outside of this forum
                                          B This user is from outside of this forum
                                          [email protected]
                                          wrote last edited by
                                          #20

                                          When I had mine, the back seat started rattling one time so I took it in for service. A week later, I finally got it back with a piece of electrical tape stopping the rattle and an invoice for $160.

                                          B C 2 Replies Last reply
                                          4
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