Working with some of the largest and most respected banks in the country, Tesla has been able to create a new kind of financing product that combines the surety and comfort of ownership with all the advantages of a traditional lease.
ENGADGET: Tesla Model S now eligible for non-traditional lease with resale guarantee
Despite the large demand-driven market for home ownership, the required eco-system to fully serve the market is immature and MeXvi is contributing to its development by reaching out to financing institutions to make its product accessible and scalable.
As a financial product, Shariah compliant financing can be safe and secure, said consultant John Cassara.
But I do find it at least a little odd that Google is indeed financing an alternative to its own product, Android.
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His message: In business you have to know the product as well as the financing.
When our markets work, people throughout our economy benefit--Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology and businesses financing investments that create new jobs.
And so the story that you told about being able to access financing, for what obviously is a great product and a great business model, is something that we want to continue to emphasize.
As the products became more popular with local hairdressers, Kinuthia ploughed back his profits into moving into an even bigger place, financing growth, increasing his production capacity and extending his product range.
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Now, the availability of cheap financing has enabled aspiring homeowners to afford a higher-caliber product.
They don't consider deficits of that size (3.6% of gross domestic product) a problem, particularly if they're financing pro-growth tax cuts.
We took this very seriously and shipped our first product, got serious traction and closed our Series A financing round 6 months later.
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Thanks to STAR financing, strategic locational choices for its award-winning facility, and a winning product on the field, this transformation seems to be trending full steam ahead.
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MeXvi provides the housing product, training and logistics, and FOMEPADE introduces MeXvi to its clients while offering a financing option.
In the third round of financing, T2 is trying to commercialize its technology and hopes to develop a beta version of its product in the summer of 2011 and to begin clinical trials in early 2012.
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Like the Model S, this product was created from the ground up to provide maximum benefit to consumers, rather than simply duplicating other financing programs that tend to favor companies at the expense of the individual.
ENGADGET: Tesla Model S now eligible for non-traditional lease with resale guarantee
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