The Deferred Payment Option is an exclusive financing option from Tenet, allowing you to defer a portion of the loan, typically up to 17.5% of the value of the vehicle or $7,500, in exchange for lower monthly payments, making vehicle ownership more affordable. We've helped clients lower their monthly payments by up to $200/Month! This option is made possible due to the higher residual value of Electric Vehicles.

The Deferred Payment is part of the loan principal and accrues interest, which can then be paid off at the end of the loan term or earlier. The most popular amount clients defer is $7,500, which matches the amount of the Federal EV Tax Credit.

By deferring this payment, you can reduce your monthly payments during your loan term and then pay that portion of the principal loan once you receive any Incentives, Income Tax Returns, Bonuses, etc., or wait until the end of your loan term when it is due.

You can still defer regardless of whether you apply your Incentives towards the Point of Sale, or receive them during Tax Season. Or feel free to defer even if you don't qualify for any incentives.

Yes, Tenet's deferred payment option does accrue interest. Due to the deferred amount not being paid down monthly, it's still part of your overall loan balance. And just like the rest of your loan, it accrues interest over the term of the loan.

Call or text our main line 877-378-3638 to speak with one of our specialists or email us at support@tenet.com.