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1.49% loan for 60 months at Stanford credit union

jrmnet

Member
May 15, 2018
90
25
SF, CA
I will never pay cash for anything again. I paid my primary house cash, my rental cash etc etc. I probably can make multiple Plaids $ in the period of the 6-5 year loan. If my Tesla trade in goes well I will lose $2.5 on my Model 3 Performance after 3 years.
That works out to $69/month to own an M3 Performance, not bad at all!
 
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jm404

Member
May 27, 2021
77
240
Atlanta
I initially applied directly through Tesla and received 2.99%. That application has since expired. If I plan to go through DCU or someone else at 1.49-1.99, should I change my payment method to cash, or re-apply to the tesla credit app?
 
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Mark J

Member
May 3, 2021
53
29
Deer Park Wa
Different times now with chip shortages, parts shortages, high demand, etc.. You can think whatever you want about the current times and I’ll do the same.
Since I’m not taking out a loan, it doesn’t matter to me. Regardless, you are saying a new Tesla purchased 2 years ago has dropped like a rock in value. I’m going to say that’s rubbish. In mid-2021, this is fact and not opinion. In different times, you’d be correct.
I bought a beautiful 2016 Model X P90D with 41,000 miles and in perfect new type condition in July with every option you can think of for $60,000.00. I have the original window sticker and the original buyer paid $152,950.00 for the car in 2016! So they lost $92,950.00 in 5 years and no chip shortage here and supposedly high used car prices during that time. Every car looses a tom of value as soon as it is driven off the lot.
 
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Drew-MS

Active Member
Nov 13, 2019
2,027
5,613
New York
Are there any better Tesla auto loans going on? From Tesla (Wells Fargo Auto) offered me 72 months, 2.49% APR. Any suggestions? Thanks
That's a pretty good offer, especially for 72 months. Rates are up a bit in the past few days so not sure how much better you'll get than 2.49%.
 

Drew-MS

Active Member
Nov 13, 2019
2,027
5,613
New York
I initially applied directly through Tesla and received 2.99%. That application has since expired. If I plan to go through DCU or someone else at 1.49-1.99, should I change my payment method to cash, or re-apply to the tesla credit app?
If/when you get a lower rate with DCU, then contact Tesla to switch to your own financing.
 

Drew-MS

Active Member
Nov 13, 2019
2,027
5,613
New York
I will never pay cash for anything again. I paid my primary house cash, my rental cash etc etc. I probably can make multiple Plaids $ in the period of the 6-5 year loan. If my Tesla trade in goes well I will lose $2.5 on my Model 3 Performance after 3 years.
Rates at these low levels are basically a gift from the Fed Chairman. IMO interest rates will not be this low again in our lifetime. Auto loans at 2% for 72 months were unheard of years ago.
 

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