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 […]

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