Anyone take out a loan this month for their car? What's the lowest rate you have seen?

[Hiline]

Something felt off about that rate. We have a few days to keep shopping around. So far that 3.99 at NYTCU is the cheapest I have seen, but that rate hasnt been updated since May 5th, so not certain its still that low today.

Rates haven’t changed much if at all since. If you do give it a try, please report back!

 

[kpanda17]

I just talked to NYTCU still 3.99%

 

[7BaconTacos]

I just talked to NYTCU still 3.99%

:O

Nice!

Were in about an 8-day to two-week window before delivery of it. I hope that is enough time.

 

[Hiline]

:O

Nice!

Were in about an 8-day to two-week window before delivery of it. I hope that is enough time.

I would start the loan application process right away. Who knows how fast they process applications, and once Tesla starts the delivery process, things can accelerate very quickly.

 

[7BaconTacos]

I would start the loan application process right away. Who knows how fast they process applications, and once Tesla starts the delivery process, things can accelerate very quickly.

I remember that from when I got my 3 lol. It was def within a week or so, but then ended up having "get it off the train" issues that pushed it back a few days.

 

[kpanda17]

Update
NYTCU auto loan requires membership of which the firewall is tight, only NYT employees, direct family member or in NY newspaper guild
The 3.99% is a no go for me

 

[7BaconTacos]

Update
NYTCU auto loan requires membership of which the firewall is tight, only NYT employees, direct family member or in NY newspaper guild
The 3.99% is a no go for me

interesting, we just did a application so we will see what they say. On the site it shows this:

Membership Is Free For Life​

Membership in NYTEFCU is free. When you join, the first account you open is a Share account. It is referred to as "share" because as a financial cooperative, members own the Credit Union. Your initial deposit of $25 to open a Share account represents your "share" of ownership. It is not a fee; it goes directly into your newly established account, and begins earning interest the day you deposit it.

As "part-owner" of the Credit Union, you will have full access to the many convenient money-saving products, education and services we offer. Membership in NYTEFCU is a benefit available to you for a lifetime, even if you change jobs, relocate or retire. What's more, your immediate family members or those who live in your household are also eligible to join.

 

[7BaconTacos]

interesting, we just did a application so we will see what they say. On the site it shows this:

Membership Is Free For Life​

Membership in NYTEFCU is free. When you join, the first account you open is a Share account. It is referred to as "share" because as a financial cooperative, members own the Credit Union. Your initial deposit of $25 to open a Share account represents your "share" of ownership. It is not a fee; it goes directly into your newly established account, and begins earning interest the day you deposit it.

As "part-owner" of the Credit Union, you will have full access to the many convenient money-saving products, education and services we offer. Membership in NYTEFCU is a benefit available to you for a lifetime, even if you change jobs, relocate or retire. What's more, your immediate family members or those who live in your household are also eligible to join.

just got the call, yep its a no go.