Bank Rates

[Noflash]

It's been awhile since I have researched bank rates. Where are all the threads on this? Are they still allowed?

Is DCU still the lowest? Their website still shows, 1.24% for 65 months. Do you still need to direct deposit your "whole" paycheck to get the rate?

I see Navy Fed has 2.29% for 61-72 months. Any other good deals out there?

 

[jjrandorin]

You can look at this (locked) thread about bank rates. As to the "is this still allowed" the answer is "sort of but not really... and specifically not DCU due to the exploitation that was going on. So, not really.

Tesla loan comparison spreadsheet - auto updates hourly

Hi everyone, This community has helped me tremendously on my Model 3 ownership journey and I thought I'd give back with this spreadsheet. This spreadsheet pulls rates directly from the credit union's website hourly, so you're always getting the latest rates, because as you know, they change...

teslamotorsclub.com

 

[Tooleman694]

Me personally I am going with whoever Tesla gives me, then I am going to shop for a refinance.

 

[Noflash]

Me personally I am going with whoever Tesla gives me, then I am going to shop for a refinance.

Won't you be refinancing at a used car rate then? Typically, they are higher than new car rates.

 

[BigWhale]

Would anyone help me join the DCU membership? Although I got a 2.49% from Tesla/Wells Fargo, I would like to apply for DCU for a try. If you would like to recommend me, please send me the link, thank you!

 

[Cosmokramer]

Would anyone help me join the DCU membership? Although I got a 2.49% from Tesla/Wells Fargo, I would like to apply for DCU for a try. If you would like to recommend me, please send me the link, thank you!

DM me for DCU referral with email address

 

[Sudsington]

It's been awhile since I have researched bank rates. Where are all the threads on this? Are they still allowed?

Is DCU still the lowest? Their website still shows, 1.24% for 65 months. Do you still need to direct deposit your "whole" paycheck to get the rate?

I see Navy Fed has 2.29% for 61-72 months. Any other good deals out there?

FYI, I don't deposit my whole paycheck (closer to ~2/3) and my rate stayed the same. So I bet there is some wiggle room there.

 

[solodogg]

1.75% for 36mo. currently with Fairwinds in Central Florida. Miss the days when they offered 0.89% for the same duration, might have to switch to DCU for the MY we have on order.

 

[mrwug]

I see Navy Fed has 2.29% for 61-72 months. Any other good deals out there?

If you're eligible, USAA gave me 72mos @ 2.09%.

 

[BigWhale]

Would anyone help me join the DCU membership? Although I got a 2.49% from Tesla/Wells Fargo, I would like to apply for DCU for a try. If you would like to recommend me, please send me the link, thank you!

Thanks for enthusiastic friends, I have already got a referral code.

By the way, my EDD has changed again.

MYP W/B NO TOW/FSD, OD:10/26 EDD:12/14-12/31 EDD:12/28-12/31 EDD:12/14-12/31 EDD:12/29-12/31

 

[coolzai]

Would anyone help me join the DCU membership? Although I got a 2.49% from Tesla/Wells Fargo, I would like to apply for DCU for a try. If you would like to recommend me, please send me the link, thank you!

Just donated $10 to join one of the organization when sign up.

 

[OCJeff]

It's been awhile since I have researched bank rates. Where are all the threads on this? Are they still allowed?

Is DCU still the lowest? Their website still shows, 1.24% for 65 months. Do you still need to direct deposit your "whole" paycheck to get the rate?

I see Navy Fed has 2.29% for 61-72 months. Any other good deals out there?

Just to add some details. for DCU, I had DD set up to send over $350 per pay period (2 per month), and that triggered the qualification for the .50% discount.

So your whole paycheck is not required.

Also PenFed CU was 1.99% and USAA was 1.89% last I checked.

 

[Sudsington]

Just to add some details. for DCU, I had DD set up to send over $350 per pay period (2 per month), and that triggered the qualification for the .50% discount.

So your whole paycheck is not required.

Also PenFed CU was 1.99% and USAA was 1.89% last I checked.

Agreed, I also didn't deposit my whole paycheck (between 1/2 and 2/3) and kept the 0.5% discount after the 90 day grace period.

 

[ansonurpants]

Just to add some details. for DCU, I had DD set up to send over $350 per pay period (2 per month), and that triggered the qualification for the .50% discount.

So your whole paycheck is not required.

Also PenFed CU was 1.99% and USAA was 1.89% last I checked.

do you set up the direct deposit through DCU or through your payroll company?

 

[Sudsington]

do you set up the direct deposit through DCU or through your payroll company?

Not @OCJeff , but I set up through my payroll. DCU gave me 90 days after opening the checking account to qualify for the direct deposit discount, so it wasn't a problem that it took 1-2 paychecks to go into effect.

 

[PNWLeccy]

Does anyone know if DCU still offers its 1.24% rate on a refi?

I'm worried I may get taken off hold and need to take delivery quickly. I'm not sure DCU will be able to move quickly enough and was thinking that if I need to get financing right away, I could go with Tesla and then refi w/ DCU afterward.

 

[OCJeff]

Does anyone know if DCU still offers its 1.24% rate on a refi?

I'm worried I may get taken off hold and need to take delivery quickly. I'm not sure DCU will be able to move quickly enough and was thinking that if I need to get financing right away, I could go with Tesla and then refi w/ DCU afterward.

Yes, they do. Rate discount of .25% for EV's on top of the rates below.

Your approach was the plan I had until Tesla rate matched to 72 months (they don't rate match any more). Otherwise I would have rolled it into DCU on a Re-Fi.

 

[coolzai]

Just to add some details. for DCU, I had DD set up to send over $350 per pay period (2 per month), and that triggered the qualification for the .50% discount.

So your whole paycheck is not required.

Also PenFed CU was 1.99% and USAA was 1.89% last I checked.

Just double checking, the DD is to the checking account right? I just learned from my SA that Tesla no longer do the rate match.

 

[PNWLeccy]

Yes, they do. Rate discount of .25% for EV's on top of the rates below.

Your approach was the plan I had until Tesla rate matched to 72 months (they don't rate match any more). Otherwise I would have rolled it into DCU on a Re-Fi.

View attachment 742793

Yea , exactly. My plan had been to rate match if I ever ran into timing issues with DCU but that's no longer an option. Looks like I'll go with Tesla financing if there's an issue and then just refi with DCU.

 

[OCJeff]

Just double checking, the DD is to the checking account right? I just learned from my SA that Tesla no longer do the rate match.

Yep, I had DD going to the checking and the plan was to auto-pay from there.