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Home » BMO Harris drops from Tesla preferred lending program

BMO Harris drops from Tesla preferred lending program

Toronto-based bank continues direct auto financing through local branches

Joey PizzolatobyJoey Pizzolato
October 5, 2023
in Sales & Marketing
Reading Time: 4 mins read
0
A Tesla Inc. vehicle that just rolled off the production line departs the automaker's Gigafactory on its opening day in Gruenheide, Germany, on Tuesday, March 22, 2022. The leading electric-vehicle maker officially opens its assembly plant outside Berlin today, Tesla's first carmaking plant in Europe.

Photographer: Liesa Johannssen-Koppitz/Bloomberg

BMO Harris is no longer a preferred lender for Tesla’s retail installment contract platform following the Toronto-based bank’s exit from indirect lending late last month.   BMO Harris will no longer be accepting indirect financing applications from Tesla, a company spokesperson confirmed with Auto Finance News.   “While we no longer have indirect retail auto agreements with […]

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