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  2. People also ask
    Are Tesla cars eligible for a 2 percent Bik rate?From 6th April 2022, both new and existing Tesla cars are eligible for a 2 percent BiK rate for the 2022/23 tax year. The BiK rate will be held at 2 percent for 2023/24 & 2024/25. The average petrol or diesel vehicle has a BiK rate of 20 to 37 percent.
    Does Tesla Financial Services Limited own a car?Tesla Financial Services Limited will retain a financial interest in the car until all repayments and the option to purchase fee is paid at the end of the agreement. For Personal Contract Hire, Tesla Financial Services Limited will hold ownership of the car. Learn more about Tesla Financial Services' various products.
    Does Tesla Financial Services Ltd offer business loans?No, Tesla Financial Services Ltd does not offer business loans. Can I change my financing to a contract hire (lease) agreement? No, you cannot change the type of agreement after delivery. You would have to order a new vehicle with a contract hire agreement and trade in your current vehicle.
    Should Tesla cover the difference in interest rates?People have been arguing that Tesla should cover the difference in interest rates in financing rather than slash prices, and it looks like the company is finally resorting to that. A 0.99% APR loan is near free cash. It’s attractive to many. Between $500 and $600 a month for the best-selling vehicle in the world, which also happens to be electric.
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