Best interest rate via Tesla financing?

[Jubess]

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

I just posted the requirements above. You must be a member to get a loan.

 

[beezy]

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

That’s strange because the navy credit union by me is promoting new membership for non military folks. Don’t have to be related to a member either. Guess it varies by region.

 

[Ghanziang]

The charter for a credit union usually determines who can join. In recent years that has been relaxed quite a bit, sometimes only requiring a $5 deposit. But it may still depend on the state, or even the local branch on how they would like to accept members.

 

[Stevie Jewel]

I was told 2.99 is the lowest Tesla has to offer, other CU in the area offer 2.75, both for 72 months. Is there cheaper?

I have a loan app with 2.49% for 60 months with a down payment from Tesla.

 

[cloudshadow]

I got 2.65 from USBank via Tesla. The local Tesla delivery manager that I have been talking to said to go outside to one of the credit unions here that they might be offering 0%. I haven't checked yet but didn't seem impossible based on how things are.

 

[Jubess]

Best that I saw was my credit union NFCU. They offered 1.99 for 60 months and 2.29 for 72 months. You can also get .25 off of these rates for automatic withdrawal and longevity credit. I received 2.04 for 72 months two weeks ago.

 

[moswissa]

I have a loan app with 2.49% for 60 months with a down payment from Tesla.

nice! i ended up shopping around and found chase to be the lowest bidder at 2.69%. Not even a credit union can beat that, and I have tier 1 credit. Mind you, this was in march, I am sure rates dropped since then but ill take 2.69% esp since I have the first 3 months payment postponed due to covid lol

 

[boba4life]

I have 2.49% from Bank of America

 

[Croathlete]

Just got 2.24% (72 months) from Chase through Tesla. Beat Navy Fed for me.

 

[Catbiscuits]

We got 2.74% from JP Morgan along with five rejection letters from other banks saying they wouldn’t take our loan. I guess that even though we haven’t missed a single payment for anything in 11 years (that was an oversight during an illness), owning a million dollar home without a mortgage and not carrying over a single month of credit card charges in a decade means we are bad credit risks. Admittedly we have FIRE’d but with 100 AWD Model Ys in our accounts, you’d think they’d have been eager to give us a loan. But no...

 

[Croathlete]

We got 2.74% from JP Morgan along with five rejection letters from other banks saying they wouldn’t take our loan. I guess that even though we haven’t missed a single payment for anything in 11 years (that was an oversight during an illness), owning a million dollar home without a mortgage and not carrying over a single month of credit card charges in a decade means we are bad credit risks. Admittedly we have FIRE’d but with 100 AWD Model Ys in our accounts, you’d think they’d have been eager to give us a loan. But no...

Maybe a typo in the credit application? It happens...

 

[BreatheEasier]

Just got 2.24% (72 months) from Chase through Tesla. Beat Navy Fed for me.

About 2 months ago Tesla gave me 2.64 for 72 mos. through Chase. Will they use a later number of 2.24 now? I just got my VIN yesterday. I have an 800+ credit score.

 

[Croathlete]

About 2 months ago Tesla gave me 2.64 for 72 mos. through Chase. Will they use a later number of 2.24 now? I just got my VIN yesterday. I have an 800+ credit score.

You might have to reapply and probably pull your credit again.

 

[DDrawer]

About 2 months ago Tesla gave me 2.64 for 72 mos. through Chase. Will they use a later number of 2.24 now? I just got my VIN yesterday. I have an 800+ credit score.

The chase loan apparently is for 30 days, but they extended to 60 days due to covid. When I chatted to follow up on my order to make sure everything was ready to go (as it appeared on my account page), they told me I would be held up on getting a VIN assigned because my 60 days was up on 5/19 and my loan expired. I had to reapply.

 

[dsb411]

So I got 2.29 from Navy FCU. Tesla originally gave me 4.65 which was was ridiculous. I want to cancel my Tesla loan and not even bother with a rate match. Anyone have a contact email or number to reach Tesla financial to do that? Thanks

 

[Picasso]

So I got 2.29 from Navy FCU. Tesla originally gave me 4.65 which was was ridiculous. I want to cancel my Tesla loan and not even bother with a rate match. Anyone have a contact email or number to reach Tesla financial to do that? Thanks

[email protected] You don't have a loan till you sign. Its just a offer from Tesla.

 

[Matsayz]

If you’ve got Navy Fed they’ll give you a whole percent off if you are an E-7 or above btw. My wife got 1.29% for 72mo

 

[dsb411]

If you’ve got Navy Fed they’ll give you a whole percent off if you are an E-7 or above btw. My wife got 1.29% for 72mo

I’m a lowly Contractor. Lol

 

[Matsayz]

I’m a lowly Contractor. Lol

Hey, I love my scumbag contractors and I cannot wait to become one in 5yrs when I retire!

 

[IronKen]

I just sent an email to Tesla asking for a better rate....

When from 2.99% to 2.39%. Pretty good.

It only took them Maybe 30 minutes to respond.

WOW!