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Best financing interest rates

Discussion in 'Model X: Ordering, Production, Delivery' started by MidwestMX, Apr 24, 2018.

  1. MidwestMX

    MidwestMX Member

    Joined:
    Dec 24, 2017
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    Location:
    Midwest
    Hello,

    I am looking for any recommendations for financing a Tesla model X. Looking at either 72 or 78 months. I’ve found a 3% for 78 months and that’s the best I’ve seen yet.

    Any great deals out there right now?
     
  2. ModlS3XY

    ModlS3XY Member

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    Mar 1, 2018
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    Location:
    Atlanta
    I believe Tesla financing offers 2.49 for 72 months.
     
    • Like x 1
  3. r0xx0r

    r0xx0r Member

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    Jul 9, 2016
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    Location:
    CA
    1.99% for X 100D, 2.49% for X 75D.

    Contact your local credit union. They may have better deal. My Schoolfirst Credit Union gave me $90k - 2.34% 72m no down.

    Alliant credit union also gives good rate too.
     
  4. ModlS3XY

    ModlS3XY Member

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    Atlanta
    Tesla financing gave 1.49 for X100D last quarter .This quarter it is up to 2.49.
     
  5. pkodali

    pkodali Member

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    Do you need a referral code by any chance?
     
  6. ModlS3XY

    ModlS3XY Member

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    Nope. Let me know if you need one :)
     
  7. PrGrPa

    PrGrPa Member

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    Location:
    Manchester
    Those look like great rates. I was exploring a new X in the UK and rates look like 4.9% from Tesla’s finance partner. This is a fair rate compared to some manufacturers. Not as good as the 1.5% I think I got on my model S though.
     
  8. Brave Ulysses

    Brave Ulysses Member

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    Location:
    Denver
    Looks like interest rates just jumped again. 3.49% is pretty high in the car world right now
     
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  9. bomquito

    bomquito Member

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    Go through a Credit Union. I got mine at 1.49% for 72 months with 10% down through a Credit Union. Only works for brand new vehicle FYI
     
    • Informative x 1
  10. Bogobec

    Bogobec Member

    Joined:
    Jan 11, 2016
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    Location:
    Canada
    Here in Montreal, they offer me 1.99% over 72 months.
     
    • Informative x 1
  11. Brave Ulysses

    Brave Ulysses Member

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    Denver

    Which credit union? How long ago did you get that rate? I haven’t found anything that beats Tesla yet, especially for 72 months. And I’m putting significantly more down.
     
  12. bomquito

    bomquito Member

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    Nov 17, 2017
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    So-Cal
    Rancho Federal Credit Union | We Take Care of Our Own

    It looks to me they have increased their rate recently. It is now listed at 1.90% I believe it is still much better than going with Tesla.
     
  13. dethman

    dethman Member

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    78 months?! Holy crap that is a long time to pay for a car.
     
  14. TexasRat

    TexasRat Member

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    Austin, TX
    True but at 3% that's a really good free-money loan :D Throw that money into the market and it should outgrow that by a large margin. It's a gamble, but gotta spend money to make money.
     
  15. Brave Ulysses

    Brave Ulysses Member

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    72 months

    It’s teslas most common loan term.

    and as posted above, kind of makes sense to do with interest rates below 3%.
     
  16. tpham07

    tpham07 Active Member

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    Alliant is still offering ~2.79% last i checked. (for 100D)
     
    • Like x 1
  17. Skyfox2

    Skyfox2 New Member

    Joined:
    Aug 30, 2018
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    Location:
    Los Angeles
    Hi New member here..

    Any one able to finance with their name and business name for tax purposes..aka 179 tax deduction?
     
  18. hypa

    hypa Member

    Joined:
    Jun 10, 2018
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    Location:
    Los Angeles
    Yes, I just recently did it (taking delivery tomorrow). Feel free to send me a PM if you have any questions or need a referral code
     
  19. jotango

    jotango Member

    Joined:
    Aug 27, 2018
    Messages:
    43
    Location:
    orlando
    I was first offered Loans with 45-55k required down. I went back to just the financing and ask them for something closer to 0% down.

    They came back with an offer at 1% down 72 months at 2.74% interest
     
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  20. Varmint

    Varmint Member

    Joined:
    Jul 11, 2018
    Messages:
    58
    Location:
    Spokane, WA
    Tesla is quoting me 3.49% for 60 months on an X75 with 10% down and an 800+ credit score. Anyone know a nationwide source for funding that's a little more reasonable?

    @jotango - who's "they"?
     

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