Key Takeaways
1. Tesla has introduced a Buy Now, Pay Later (BNPL) program for service locations in the U.S. and Canada.
2. The new feature is included in app update 4.46, allowing drivers to access credit for vehicle servicing.
3. Payment options are provided through credit partners Affirm and Klarna, shown in the app’s Service Estimate section.
4. Customers can view various payment plans and costs using a payment calculator within the app.
5. The BNPL option helps manage potentially high maintenance costs for electric vehicle repairs and replacements.
Tesla is stepping in to help customers who need quick service but are short on funds. The car manufacturer has introduced the Buy Now, Pay Later (BNPL) program from its online accessories shop to its service locations in the United States and Canada.
New Feature in App Update
This fresh feature, which is being rolled out with app update 4.46, allows Tesla drivers to tap into credit when they take their vehicles for servicing and upkeep.
According to an app software engineer, the credit providers for this initiative are Affirm and Klarna.
Easy Access to Payment Plans
The option will automatically show up in the app’s Service Estimate section when users open the maintenance cost estimate screen. Customers will notice “Pay over time – see if you qualify,” and by tapping on that, they will be directed to a payment calculator. From there, they will see various payment plans and their related costs.
The payment page for services will now feature Affirm and Klarna (depending on the area) alongside the typical Tesla Credit and card methods. The payment plan gets locked in once users confirm their selection on the final page.
Managing EV Maintenance Costs
Even though electric vehicles generally require less maintenance than traditional gas cars, owners can still encounter hefty bills for out-of-warranty battery or electric motor replacements. Tesla’s new Pay Later option provides some flexibility for managing these expenses.
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