I'm financed with Macquarie (at 4.99%) and the guy I spoke to from there was insistent that the rate is fixed over the life of the loan. Have gone back through the contract and while it mentions the fixed rate it there is no wording that I can see that says that they can (or cannot) change the rate at all. Can I ask where you found the info about it being only fixed for 6 months?
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Australian Model 3 Waiting Room
- Thread starter rgc1990
- Start date
I just spotted the
in your user name 
Very clever!
(And enjoyed your video recently)
It’s definitely fixed for the life of the loan once the loan has started. If your car takes longer than 6 months to arrive, they won’t hold your 4.99 and you’ll be charged whatever the rate is 6 months from now.
I ordered on 20/2 but held off applying for finance with Macquarie until the week it changed from 2.99 to 3.99. Macquarie told me 6 months at 2.99%… so I’ve got until November for the car to be delivered! Here’s hoping no more delays
I was in the same boat until they changed the rules for novated leasing so I let my macquarie finance lapse. Paying 5% now but once the tax benefits kick in, I’m better off.
If anyone qualifies for novated leasing through their work, they should speak to their accountant about it because it’s likely to be substantially cheaper.
Ah, get what you mean now. Yeah, I missed out on having it fixed at 2.99% by 2 days.
Anyone know if the Morning Clara is carrying any Tesla vehicles?
I couldn't help but notice on Marine Finder and Vessel Tracker that there's been no location updates...
On ShipFix it's only a few hours from Brisbane (and it is moving, I've been refreshing it)
I couldn't help but notice on Marine Finder and Vessel Tracker that there's been no location updates...
On ShipFix it's only a few hours from Brisbane (and it is moving, I've been refreshing it)
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MagicalseT
Member
Why thank you… you’re the first to notice!I just spotted the
Very clever!
(And enjoyed your video recently)
yes. And multiple ships have Tesla on them. I've done a lot of work around which cars are on which ships.
MagicalseT
Member
To be fair, I’ve only just made the last “t” into a capital letter which makes it more apparent.I just spotted the
Very clever!
(And enjoyed your video recently)
I have recently applied through Macquarie and still in the process of approval. I have been informed by the rep that they can lock in the interest rate @4.99% for 6 months (3 months plus 3 months renewal), if you do not get your car within the 6 months period your Loan approval will be expired and you need to start fresh and reapply submitting all the documents again with the interest rate at that moment.
May I know when did you get your finance approved and how many days did the approval process take ?
That's a very good rate.. hope you receive your car by then...
Yeah, that happened to me (my 3 month + 3 month renewal expired - 2 days before I got my invoice).
The recent approval took < 24hrs once I'd gone through and updated all my information to reapply. The first time took a bit longer, because they wanted more documentation around proof of employment (I'd recently just changed jobs). From memory, the first time approval took about 3 business days.
MagicalseT
Member
Sorry January, didn’t realise you were still there!Steady on, February
What about us, early March orders?There are quite a few of us
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