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Any chance the Alliant 1.49% APR loan might come back in November, or any other deals you know?

Discussion in 'Model S' started by JimmyMcNulty, Nov 1, 2016.

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  1. JimmyMcNulty

    JimmyMcNulty Member

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    First of all, many thanks again to everyone who opined on the few threads I started while finalizing my purchase.

    It's been a painful (yet pleasurable) process, and my order is locked in as of today: a silver Model S 90D. Very happy with my choice. I will most likely drive it for as long as it runs.

    Delivery will be in December. Since loan approvals are valid for 30 days, should I wait until I actually have an exact delivery date?

    And here's the main question: any chance we might see an APR deal from Alliant (or any other institutions) within November?

    Appreciate it, y'all.
     
  2. HebrHmr

    HebrHmr Member

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    • Informative x 1
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  3. JimmyMcNulty

    JimmyMcNulty Member

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    Thanks, but link says 1.83. Not sure if the 0.16 difference is worth stepping outside the Tesla/Alliant comfort zone.
     
  4. eyespii

    eyespii Member

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    .5% discount for energy efficient vehicles, so 1.33%.

    Digital credit union has 1.74% - .25% discount = 1.49% right now too.
     
  5. HebrHmr

    HebrHmr Member

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    It was recommended by my Owner/Advisor if that helps.
     
  6. JimmyMcNulty

    JimmyMcNulty Member

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    Ah, thanks, didn't notice that! Long day.
     
  7. JimmyMcNulty

    JimmyMcNulty Member

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    Thank you very much, this is the winning credit union so far.

    If I apply now, and delivery day happens to be mid-December, I'd have to reapply, correct? Better hold off for now?
     
  8. Akikiki

    Akikiki A'-Lo-HA ! y'all

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    Of course there's a chance. Anything is possible. While you are waiting why not check with Pedfed.org? 1.49 %
     
  9. HebrHmr

    HebrHmr Member

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    Can't hurt to ask. I'd just explain to them it could deliver in two weeks or two months and you want to be ready. I already applied for mine with USAA and I can adjust the purchase date out by months.
     
  10. No2DinosaurFuel

    No2DinosaurFuel Active Member

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    Actually it might be 1.43%

    The energy efficient vehicles discount excludes other discount. Hence you might lose the .1% discount for autopayment. Meaning 1.93% - 0.5% = 1.43%.
     
  11. jchag

    jchag Member

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    +1 for DCU!
     
  12. Gentilly7

    Gentilly7 Member

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    Do any of these low rates have 72 month terms? It seems the best rates are at 60 month terms.
     
  13. theslimshadyist

    theslimshadyist NashVegas!

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    I would wait for the financial institution to pull your credit report until you are within 30 days of delivery, otherwise they will pull it again.
     
  14. Ojas Ray

    Ojas Ray Member

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    I believe DCU only does max 50K
     
  15. Jokershere

    Jokershere Member

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  16. randy1077

    randy1077 Model X60 Vin 180XX. Reverved 8/11/2016

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    This is not true. I have borrowed 68K and 58K recently from them. They will also finance the tax and all fees, unlike others. I've been with them for 20 years. They will even send you a blank cashiers check that you can write out up to the maximum approved amount. Just ask for an Autocheck. I've never seen any other bank do this.
     
  17. Jokershere

    Jokershere Member

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    I think you meant PenFed. The 1.49% rate is for only 36 months. I applied with them an got approved for the 60 months at 1.99%. I was told that was locked for 90 days. I have mid-December delivery date on my Tesla
     
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  18. TSLATed

    TSLATed Member

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    I financed my Model S w/ FAIRWINDS Credit Union. They currently have 36 month auto loans at 0.75% (0.89% APR), Plus 90 days with no payments. I haven't seen anything better than this anywhere in the country. Give them a call if you're eligible to be a member.

    New car smell starting at .89%
     
  19. Ojas Ray

    Ojas Ray Member

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    how smooth was the buying experience? i know alliant is famous for its simplicity -- here is my issue... alliant i am getting 1.99 and with a loan that is pretty substantial -- and they have no penalty for early pay off ... currently taking the same amount for a 36 month loan -- would not be feasible...
     
  20. TSLATed

    TSLATed Member

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    The person I spoke with at Fairwinds had experience recently financing other Teslas, so it went smoothly. My purchase order PDF showed up in the MyTesla portal about 3 days before delivery, I sent a copy to Fairwinds and they gave me the cashier's check the next day. I walked into the Tesla dealer on delivery day and handed over the check just like I was paying in cash. Super-smooth and easy. No early payoff penalties, and the 90 days with no payments was pretty awesome. They also offered to re-amortize the loan for free after I receive my $7,500 tax credit in early 2017 if I choose to use that money to pay down the loan balance. That should cut my payments by a few hundred dollars per month. Overall, I highly recommend!
     

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