I'm just wondering why I don't see people mentioning 0.74% with Unify FCU (UNIFY Financial Credit Union) for 36 months? I originally learned about them from a post on these forums late last year when we ordered and am planning to go with them when I take delivery (hopefully later this month). Has anyone had a poor experience? It seems like a great deal to pay barely over $1k on a 100k loan.
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Alliant Credit Union 1.49% for 72 months
- Thread starter loganintx
- Start date
avesraggiana
Member
Super_Popular
Well-Known Member
Most people who get Tesla loans do not get 36 month loans. Most do 72 or 84.
avesraggiana
Member
Very true. I’m looking right now, to see if I can swing the monthly payments. I’d also be curious to know what their minimum down payment is.
Yep. I can't see wanting to pay over 5k in interest over 60 months through Tesla when I can pay a fifth of that. I understand if people want to lower payments, but paying for a car for 6 years seems out of control.
Racerx22b
@unplggdd on Instagram
Some people would say paying $100k+ for a car that is essentially in beta form out of control... To each their own.
I can understand that position. But this "beta" car has it where it counts too. Even if you discount the electric drivetrain there are so many features that are making my wife and I excited. On the nit picky side I could complain all day long about the "raw edges" or missing features when it comes to the finishing touches compared to our current BMW. But even still I also haven't been this excited about a new car for a long time. Our SC called today to let me know it's finally entering production for a late March delivery and we're positively on cloud nine.
Racerx22b
@unplggdd on Instagram
The point is you're passing judgement on people for financing 6-7 years when people could easily pass judgement on you (or any of us) for owning a "beta" $100k+ car. It's all perspective. 3yrs makes sense to you. 5yrs makes sense to me. 6-7yrs makes sense to others.
You're right of course. I did pretty much pass judgement with my comments, even though that wasn't really my original intent. And for that I apologize.
avesraggiana
Member
No need to apologise, you didn’t offend anybody. I take your point well about your distaste at paying such a large some in interest when you finance an automobile for such a lengthy period. For someone like me with champagne tastes on a flat beer budget, I’m not going to be able to afford the monthly payments on a three-year car note, so I five or six year term it will be for me, with the high likelihood of my paying extra every month to keep those interest charges lower.
By the way, when did you first order your car? I placed my order on February the 9th, followed by a confirmation and the receipt of a VIN a week later on the 16th. I’ve heard nothing more from Tesla or my Delivery Specialist. Estimated delivery remains at March to Early April.
Model S M.D.
Ludicrous Radiologist
ToddS
Member
Just an FYI: Just finished a meeting with my financial planner and his comment to me was that the Fed is probably going to increase interest rates pretty soon here (if not the next meeting, then the one that follows). For those that are close to delivery, it might be a good idea to lock in your interest rate now before any increase occurs. It's certainly not going down. LOL
avesraggiana
Member
Yes. Absolutely. I’m mindful too, of this eventuating. I’ve already decided, whenever my car is delivered, I’ll apply no later than March 10th, a few days before the next Fed meeting on March the 14th.
Just an update on alliant rates as of Thursday and Friday. All of these are for 100% loan including taxes, minus the $2500 deposit
Above 780 credit score
72 months 2.24%
78 months 2.74%
84 months 3.99%
Vantage West (tucson based credit union) has 84 months for 3.6%
Still shopping rates.
Harry
Above 780 credit score
72 months 2.24%
78 months 2.74%
84 months 3.99%
Vantage West (tucson based credit union) has 84 months for 3.6%
Still shopping rates.
Harry
When I applied through Tesla...I got 1.99% for 72 months. The lender was Chase.
avesraggiana
Member
Me too, except with USBank. My Tesla Lending Specialist dissuaded from trying with Alliant since their rates had gone above 2%.
When we applied through mytesla it took us straight to alliant. I don't know if this is locaton dependant.
Vantage West just called that they would only do 75k vs the 122k total.
Harry
Vantage West just called that they would only do 75k vs the 122k total.
Harry
acadapter
Member
I received 1.74% at TechCU for 72/mo.
Census FCU has 1.49% for 72/mo if any of you are fortunate enough to have an account there.
Census FCU has 1.49% for 72/mo if any of you are fortunate enough to have an account there.
EarlyAdopter
Active Member
Received a quote through Tesla a few days ago for 1.99% for 72mo. With TD Bank.
That's better than either of my credit unions, who both recently raised rates 0.25% to 2.49% for 72mo loans.
That's better than either of my credit unions, who both recently raised rates 0.25% to 2.49% for 72mo loans.
