Best interest rate via Tesla financing?

[btd08]

EECU
Once I got approved, had sent it off to Tesla to rate match.

EDIT: *Offer valid on New Auto loans funded March 1, 2020 – March 31, 2020. “As low as” APR assumes a maximum term of 72 months with a 0.50% discount for auto pay from an EECU checking account. Your actual APR may differ based on your credit history, loan term and other factors. Payment example: monthly payment is $17.62 per $1,000 borrowed for a 5-year loan at 2.20% APR. Rates not available to refinance any existing EECU loan. Subject to credit approval. Rates subject to change without notice. Other conditions and restrictions apply.

Interesting.

 

[DennyL]

EDIT: *Offer valid on New Auto loans funded March 1, 2020 – March 31, 2020. “As low as” APR assumes a maximum term of 72 months with a 0.50% discount for auto pay from an EECU checking account. Your actual APR may differ based on your credit history, loan term and other factors. Payment example: monthly payment is $17.62 per $1,000 borrowed for a 5-year loan at 2.20% APR. Rates not available to refinance any existing EECU loan. Subject to credit approval. Rates subject to change without notice. Other conditions and restrictions apply.

Interesting.

Tesla match my rate so I guess I am good

 

[ithinkmac]

did EECU as well, and Tesla matched the 2.2%

Not that much saving, consider the original Tesla rate was 2.99%

But a win never-the-less.

Thanks all.

-ThinkMac-

 

[btd08]

did EECU as well, and Tesla matched the 2.2%

Not that much saving, consider the original Tesla rate was 2.99%

But a win never-the-less.

Thanks all.

-ThinkMac-

Did you receive an electronic letter approving your loan from EECU or just screenshot of their page showing that rate was sufficient?

 

[DennyL]

Did you receive an electronic letter approving your loan from EECU or just screenshot of their page showing that rate was sufficient?

They will email PDF. I sent the PDF to Tesla for rate match.

 

[FredMertz]

did EECU as well, and Tesla matched the 2.2%

Not that much saving, consider the original Tesla rate was 2.99%

But a win never-the-less.

Thanks all.

-ThinkMac-

For anyone interested in joining EECU and not in the Fort Worth area, a $5 donation will do the trick!

EECU - Donate

 

[Y&CYT]

I was just approved for 2.75% @ 72 months no down payment. Not sure if I'll keep that but it does appear to be a competitive rate

I ordered 3/1/2020

Blue performance, Black Int, FSD, standard wheels

In the " drafting contract " status as of yesterday

We are getting the same as OP. Even if we could shop and get a lightly lower rate, not worth my time.

 

[noshadow]

If we got the loan approval now through Tesla/USBank, will it expire if the car isn’t delivered anytime soon?

 

[btd08]

If we got the loan approval now through Tesla/USBank, will it expire if the car isn’t delivered anytime soon?

Usually in 30 or 60 days. Look at terms and conditions in loan approval paper

 

[teslomar]

@DennyL did the letter you received from EECU say it was conditional?

 

[DennyL]

@DennyL did the letter you received from EECU say it was conditional?

I received a PDF in a separate email from a loan specialist with the stated 2.20% rate. That is what I sent to Tesla for rate matching.

 

[teslomar]

@DennyL that's what I received a PDF well, however, it states that it's conditional on: completion of loan documents, 10% down payment, verification of income, becoming a member of EECU. Was yours the same? Just want to make sure I have the right one before sending over to Tesla. Thanks!

 

[moswissa]

Wow you guys are lucky. Im in LA and the lowest I found was 2.69% from Chase via Tesla. No credit Unions can come close. I have excellent credit.

 

[DennyL]

@DennyL that's what I received a PDF well, however, it states that it's conditional on: completion of loan documents, 10% down payment, verification of income, becoming a member of EECU. Was yours the same? Just want to make sure I have the right one before sending over to Tesla. Thanks!

Yes, send it out. As long it says approved.

 

[DennyL]

Wow you guys are lucky. Im in LA and the lowest I found was 2.69% from Chase via Tesla. No credit Unions can come close. I have excellent credit.

I got 2.69% 72 month via Tesla Chase as well but found the credit union that was much lower and Tesla matched it.

 

[Jubess]

So, it’s 1.99% (just checked, sorry about the error) I did 60months, might bump it down to 48, but they would do 1.99 for 72 as well. Financial Trust FCU

I just went on Financial Trust website and they only go up to 60 months loan term.

 

[Jaycha2]

Navy federal credit union offering 2.19 for 60 months
Auto Loan Rates for New & Used Cars

Can a person with non-military background also apply for Navy credit union car loan? Thanks

 

[Jubess]

Membership is open to:

• Active Duty members, reservists, veterans, retirees and annuitants of the Army, Marine Corps, Navy, Air Force and Coast Guard
• Army and Air National Guard personnel
• Delayed Entry Program personnel
• Department of Defense (DoD) civilians
• U.S. government employees assigned to DoD installations
• contractors assigned to DoD installations
• family members of one of the above

 

[beezy]

Can a person with non-military background also apply for Navy credit union car loan? Thanks

Sure can

 

[dojacat]

Sure can

I don’t think so. I called and said you have to me a member or a related member of someone in the Navy