#AutomotiveLease

Tesla Leasing Partner Embroiled in Financial Trouble

Tesla’s Dallas-based leasing partner, MUSA Auto Finance, finds itself in a tough spot. Apparently, the business is having trouble keeping up with all the business the automaker is doing. Founded in 2016, MUSA joined up with Tesla in June of this year. However, it has reportedly been unable to finance new leases since October.

According to Automotive News, Tesla caused MUSA’s leasing volume to increase by a factor of six between August to September. As of December, MUSA dealer clients said lease approvals have yet to resume — leaving some dealer partners up a creek without a paddle and some customers without their car.

Matt Posky Dec 17, 2018

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ToolGuy "Simply put, the world is changing, and our industry needs to change with it,"Q: How many auto execs does it take to change a lightbulb?A: 'Change???'
ToolGuy 134 cubic inch V6 with turbos and Firestone tires? Pass. 🙂
ToolGuy "Coolant ball delete" was new to me.
ToolGuy Cool.
Craiger I had a 2003 Z4 for three years. I didn't care for it. I should have driven it before I got it, but I didn't. I had driven a Z3 and liked it, plus my E39 530 was just coming off its lease, so I was pretty drunk on the blue and white kool-aid. I wanted a convertible. I cross shopped the 986 Boxster but the ergonomics weren't good for me, and that cheap 986/996 interior...The early EPS in the car was numb. Quite the let-down after the magnificent 530 mit der sport package. The run-flats sucked. I bent a 19" inch wheel 5 or 6 times in Manhattan with those tires. After the Z4 I got a Cayman S with 19s and never bent a wheel once. The Z4 came with the insipid clutch dampener, which Dave Zeckhausen removed for me at his house one afternoon.Other than that I liked the Z4. Nicely made, no service issues, nice engine and stick, fantastic rear suspension. The power top was fast. It was a nicely made car.I had driven a Z4M, which did not have run-flats, and which was fitted with hydraulic power steering, and that thing was sweet.

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Tesla Leasing Partner Embroiled in Financial Trouble

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