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Alliant Promo ending tonight?

Discussion in 'Model S: Ordering, Production, Delivery' started by Austin Powers, Jul 6, 2016.

  1. Austin Powers

    Austin Powers Member

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    I heard from a Delivery Specialist that the Alliant CU promo of 1.79% for 78 months is ending tonight and the rates might go up after? I didn't find anything to back this claim on Alliant's site.

    Can someone please confirm?

    Thanks!
     
  2. javawolfpack

    javawolfpack Member

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    This is the second person to indicate this in the forums in the past hour that I've seen... not sure if that's definite confirmation (or you have the same DS); however, it would be a good indicator. Likely their promo rate expires then, no expectation it will go up... it could also go down.
     
  3. jelloslug

    jelloslug Member

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    I was told by my rep that the current offers would end soon also but there was a good chance than they would be renewed. I guess that we will see tomorrow....
     
  4. Austin Powers

    Austin Powers Member

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    If the rates go up tomorrow, then I need to make a decision tonight :( Maybe I could call Alliant and confirm? By the way, when does Alliant run a credit check?
     
  5. jelloslug

    jelloslug Member

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    Yes, they do a hard pull. If you get confirmed it will only be valid for 30 days.
     
  6. Austin Powers

    Austin Powers Member

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    I'm looking for a October delivery. So how would this work?
     
  7. jelloslug

    jelloslug Member

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    You would have them pull your credit and do your loan some time in September.
     
  8. virtualsmack

    virtualsmack Member

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    timing doesn't work out for you. rates are only good and can only be locked in for 30 days. after the 30 days, they do another pull but it would be on whatever the rate is at the time.

    but they could extend the promotional rate or it could go down (doubt it). typically, non-promo rate is around 2% on 60 month, i believe.

    if you are picking up your car in october, you would just start the process 30 days before and hope for the best rate at that time.
     
  9. Cnasty

    Cnasty Member

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    I was told the 1.49%/72 months ends July 18th.

    As long as they have a VIN# and the amount financed they can get you pre-approved during that time period and keep your application open so it doesn't pull again prior to delivery minus any significant changes that you would be responsible to report.

    I have been approved today for the above rate and I need to order today or tomorrow to ensure I get my VIN# prior to that.

    Very easy process.
     
    • Informative x 1
  10. virtualsmack

    virtualsmack Member

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    i talked to Alliant rep 3 times different about this and got the same message each time. per my rep, the max amount of time they can hold a rate open is 30 days. after the 30 days, they have to pull your credit again and you get a new rate. there isn't a way to hold it beyond that, even if you were to get pre-approved today.

    i was also told that the promo expires on the 18th so at least part of the message was the same. if this is truly the case for you though, mind sharing the contact? i doubt the reps have different access, but worth checking. thx.
     
  11. mspisars

    mspisars Member

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    I actually called and got to talk to someone about the Tesla financing...
    The lady at the "main office" said the rates will be reviewed on the 18th.
    She also said, this does not mean that it will change, neither does it mean that it will stay the same.

    So, as of an hour ago, the rate does not go away today or tomorrow, or the 15th.
    I guess we will see.

    BTW, I only called because I am about to confirm my order and with the new (late September) delivery dates wanted to make sure the rate is still valid.
     
  12. Austin Powers

    Austin Powers Member

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    Thanks for doing this. I'm assuming Tesla reps are using more 'traditional' car sales techniques now :(
     
  13. mspisars

    mspisars Member

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    I do not blame Tesla, I talked to 2 different people at Alliant to get the info, and even the last lady had to verify several things before she gave me an answer... just another data point.
     
  14. jelloslug

    jelloslug Member

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    That's basically what I was told last week.
     
  15. zedkyuu

    zedkyuu Member

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    Weird. When I spoke to one on 6/24 over the phone, I was told that the rates aren't promo rates since Tesla entered an agreement with them to be the main lending partner in May, and that they could change, but the intent was to keep them around until the end of the year.

    I guess I'll see when it comes time for me to apply.
     
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  16. Austin Powers

    Austin Powers Member

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    Did they run a credit check? Did you have to call or this can be done online?
     
  17. Cnasty

    Cnasty Member

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    Email and then a quick 5 minute call. Yes credit was pulled but guaranteed it will not be pulled again if I can provide the VIN before the 18th which is when the promotional rate I got ends.

    With that is being said in this thread I am unsure what is true from fiction any longer though.
     
  18. javawolfpack

    javawolfpack Member

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    That's kind of the case with a lot of facts related to anything to do with Tesla after too long reading forums on the vehicle. But as it's a "magical space car", maybe it's not supposed to make sense?
     
  19. Cnasty

    Cnasty Member

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    And i will be ok with that once i have the magical car in my possession with the fantastic rate of 1.49% lol
     
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  20. STbreaker

    STbreaker Member

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    When I first started seriously thinking about buying a Model S I looked and it said promo rates were ending at some date. By the time I got everything arranged a new "promo" had already started. I'm sure as part of their partnership with Tesla, they want some help applying pressure to buy. I know they do a hard pull on your credit and it's only good for 30 days so beyond a few basic questions I didn't even engage them until I knew the car was in production.
     

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