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Tesla, BofA working on financing plan

kgo
By ABC7
SAN CARLOS, CA

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The Tesla roadster costs about $109,000, which is out of the range of most buyers.

But Bank of America has set up a new financing plan allowing loans of up to 75 percent of the cars' value for qualified borrowers and five years to pay it off.

Buyers would still have to come up with $20,000 for a down payment and that doesn't include $10,000 in sales taxes and fees.

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