Residual value uncertainty bogs down Tesla lease ABS | Auto Finance News | Auto Finance News

Residual value uncertainty bogs down Tesla lease ABS

Tesla Model 3 (via Tesla press kit)

Tesla Finance brought $940 million to market with its first securitization of the year backed by retail auto lease contracts, according to a Moody’s Investors Service presale report. The weighted average Fico score for the transaction was 790, according to Moody’s. While high credit quality of the lessees was marked as a credit strength, limited […]

Get Auto Finance News Premium for as low as $8 per week!

Start your free one week trial today for access to the latest industry news and trends.

Subscribe

Latest Magazine Issue
Sign Up Email List