I think your SA should be able to help. I assume it would be the same doc for any 3rd party lender
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Best interest rate via Tesla financing?
- Thread starter rbaum0519
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my brother refinanced his loan to DCU from audi last month. He said the process took 2 days and was pretty easy. Not sure of any tesla refinancing but I guess it would be similar as tesla would be out of the picture after you get delivery
I applied for the loan today and approved for 2.49 72 months. I emailed [email protected] with question if they can shop more for better rate and they responded
then I told them that I read that some people got better rate via chase after seeing email and they replied that is not the case ???
I am lazy to go via DCU, what is the credit score limit for dcu 1.24% ?
then I told them that I read that some people got better rate via chase after seeing email and they replied that is not the case ???
I am lazy to go via DCU, what is the credit score limit for dcu 1.24% ?
I applied for a PenFed Loan but they are asking for a Purchase Order before they give me a rate. Has anyone just used their order reservation form? I'm worried if I wait for a VIN it will take too long to close the loan by the time they expect to deliver.
I guess a better follow up question would be for those that have gotten VINs, how much time did you have from VIN to delivery?
I guess a better follow up question would be for those that have gotten VINs, how much time did you have from VIN to delivery?
That's like the one bright side of the wait. Rates has gone down a little bit since I last applied
I uploaded the MVPA (Motor Vehicle Purchase Agreement), which shows up under your documents (same place the lemon law disclosure and order agreement are) after you get a VIN.
ejfirestar
Member
Correct. I started with Tesla financing and had to email my SA to swap it to self arranged.
(I told her cash, but she asked if I meant a different lender, and corrected me)
Sorry to interrupt, did you then fill up the Finance Partner Information to obtain the MVPA? Cause I only have Order Agreement right now..
I just finished filling up the Finance Partner Information but yet to see a MVPA
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ejfirestar
Member
You won't get the final agreement until you have your vin.
I gave DCU my purchase order, which was essentially the same paper, but no vin. They said that was fine for now, but that I would need to upload the final purchase agreement when I get my vin assigned.
I also didn't fill out the finance info, my SA just needed the name and financing amount and entered it on their side.
Alright so I just called my SA and they corrected something on their end and now i have the MVPA which I just uploaded to DCU.
Calling them to try to overnight the check asap since its holiday on Monday..
OCJeff
Active Member
With PenFed just say you don’t have a car yet. They will send you a draft "not to exceed" what you are approved for. At least that’s how they used to be. That way you could shop around with their check and not be tied to a car or dealer.
iamcaseyf
Member
Does anyone know if someone purchasing in AZ can finance with Carolina Cooperative FCU? I can't remember what the requirements were to do that.
OCJeff
Active Member
Finally have a VIN. I applied through Tesla and instantly approved for:
U.S. Bank N.A.
72 months, 2.49% APR
I subsequently emailed [email protected] and asked for them to shop around for a better rate.
I already have everything set up with DCU. So I’ll apply tomorrow to get the 1.24% for 65 months. If approved for that rate, I’ll ask Tesla to rate match for the 72 month term. If they do not, I intend to stick with DCU.
Also keeping DCU’s savings account since the first $1,000 has a 6.17% APY. That’s a nice account to stash away some emergency cash and get a guaranteed return.
U.S. Bank N.A.
72 months, 2.49% APR
I subsequently emailed [email protected] and asked for them to shop around for a better rate.
I already have everything set up with DCU. So I’ll apply tomorrow to get the 1.24% for 65 months. If approved for that rate, I’ll ask Tesla to rate match for the 72 month term. If they do not, I intend to stick with DCU.
Also keeping DCU’s savings account since the first $1,000 has a 6.17% APY. That’s a nice account to stash away some emergency cash and get a guaranteed return.
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