back Back

Origence & Tesla partner to offer affordable EV financing

By Delisha Fernandes

January 08, 2024

  • credit union
  • Electric Vehicle
  • Fintech news

Origence, Tesla, Credit Union, Monthly Payments, Electric Vehicle, lending, FinTech news, FinTech USAOrigence, a US-based credit union lending technology company and Tesla, has announced a partnership to offer credit union financing to EV buyers through the Tesla website.

This partnership will provide Tesla buyers seeking affordable monthly payments with more options through credit union financing.

By making credit union financing available at the point of purchase, EV buyers will have easy access to competitive rates and extended financing terms—both important factors in providing consumers with options to lower their monthly payments.

“Tesla is making their cars more affordable for credit union members with price adjustments,” said Tony Boutelle, president and CEO of Origence. “With FI Connect and Tesla coming together, EV buyers can receive affordable financing through credit unions.”

Consumers shopping for Tesla vehicles are provided financing options when reserving or purchasing a Model Y, Model 3, Model X, Model S, or Cybertruck vehicle through Tesla’s website or mobile app. The addition of credit union financing makes convenient point-of-sale financing available to millions of credit union members and consumers seeking low-rate financing options.

Origence will leverage its new licensed subsidiary, FI Connect, to purchase and place retail contracts with partner credit unions nationwide. When a consumer finances their vehicle through FI Connect on the Tesla website, the contract will be purchased and serviced by a credit union.

Previous Article

January 08, 2024

5 Fraud Management platforms safeguarding banks in Europe

Read More
Next Article

January 08, 2024

Hitachi Payment Services acquires Writer Corporation’s cash management business 

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

credit union

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

Saikyo Bank & nCino to boost operational efficiency and customer experience

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 01, 2024

Veefin & FinnUp team to fuel SME Lending solutions in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023