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Model 3 loan arranged through tesla4/10/2024 Set over a fixed term of 36 to 48 months.Īt the end of the agreement term, you have two options: Essentially, Contract Hire allows for rental payments for the use of the car. The amount financed is the difference between the initial purchase price of the new car and the residual value of the car at the end of the agreement. If the optional final payment is paid at the end of the agreement, ownership of the car transfers to you.Ĭontract Hire is a flexible finance solution. The finance provider will hold ownership of the car during the agreement.
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