#MUSA

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

Recent Comments

Kwik_Shift_Pro4X Mazda CX-5 all the way.
Spookiness The Mazda interior really is nice. I recognize the rationale for the Mazda infotainment interface design in lieu of a touch screen, but the filthy masses have spoken. As with the rotary engine, it's time to move on. To sell more cars they'll need to have touchscreens. Other carmakers have evolved beyond the iPad-screwed-on-top-the-dash look, so I'm sure Mazda can come up with something aesthetically pleasing and user-friendly. (Another quibble: I really don't need or want AWD, so I wish it wasn't forced. But again, the masses have spoken.)
Lou_BC “We are always listening to the customer. "You sayin' the baller/gangsta types don't want Escalades on 24's that don't make vroom vroom rumbly sounds?
AZFelix I shall fully endorse the use of autonomous cars on public roads once they have successfully completed my proposed Turing test for self driving vehicles. This test requires the successful completion of an at fault incident and accident free 24/7 driving session in Buffalo and upstate New York from October 1st until March 31st, and throughout the city of Jakarta, Indonesia for one consecutive year. Only Level 1 and Level 5 vehicles are permissible.
Lou_BC I'd go Rav4. No Mazda dealer in my town and from what I've seen, Mazda's tend to rust.

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