Best interest rate via Tesla financing?

[miggz410]

Anyone was able to get financing for 84 months? What was your rate and from where?

 

[Johnstac]

2.14% via JPMorganChase. 60 months, California, low LTV.

Same but 72 mo.

 

[miggz410]

Placed my order yesterday got approved for 2.49% 72mos. with Wells Fargo. Will be emailing tesla to see if they have better rates.

Also found a local CU doing 2.60% for 84 months... Might go with that.

Anyone tried asking tesla if they offer 84mos instead of 72?

 

[Azo9987]

Placed my order yesterday got approved for 2.49% 72mos. with Wells Fargo. Will be emailing tesla to see if they have better rates.

Also found a local CU doing 2.60% for 84 months... Might go with that.

Anyone tried asking tesla if they offer 84mos instead of 72?

I got 2.49% at 72 months. I'm almost positive you can't go above 72 with Tesla arranged financing.

 

[Raechris]

I got 2.49% at 72 months. I'm almost positive you can't go above 72 with Tesla arranged financing.

Yes I got 2.35 through chase and Tesla 72 mo zero down other than sales tax

 

[Darweeezy]

I got 2.29% 60 month from Chase via Tesla

 

[cjhinusa]

I put 47% down on my LR I picked up a week ago - Tesla finance got me 2.44/72 months with JPMorgan Chase - Chase just sent me a letter today saying they dropped my rate to 2.34% so that was ok! They must be feeling like redeeming their image lol

 

[sopel10]

I’m sure glad I found this community. I was going to try to find a credit union and go that direction, but applied with Tesla, approved for 2.49%, emailed about chase and they came back with 2.04% for 72 months. Happy with that.

 

[Crisss1205]

I’m sure glad I found this community. I was going to try to find a credit union and go that direction, but applied with Tesla, approved for 2.49%, emailed about chase and they came back with 2.04% for 72 months. Happy with that.

What’s your credit score if you don’t mind me asking?

 

[sopel10]

What’s your credit score if you don’t mind me asking?

800+

 

[imola.zhp]

I’m sure glad I found this community. I was going to try to find a credit union and go that direction, but applied with Tesla, approved for 2.49%, emailed about chase and they came back with 2.04% for 72 months. Happy with that.

Who did you email? Your sales associate? We rejected our first Y and were waiting for 2021 but that interest rate is tempting.

 

[sopel10]

Who did you email? Your sales associate? We rejected our first Y and were waiting for 2021 but that interest rate is tempting.

I don't have a sales associate (that I know of). Placed the order online and emailed the general auto finance email box asking them to check with chase, since I'm a long time customer (not sure if that really matters). [email protected]

 

[drotto25]

I was offered 2.49% from Tesla and got 2.19% from my bank.

 

[Normita]

I got 2.19% 72 mo from Tesla finance via Chase bank.

 

[davraker]

2.24% from Tesla, 48 months.

 

[TC_HTX]

Got 2.29, 72m, NFCU today with good (700+) credit

 

[dinonugget]

Based only on my experience, Tesla appears to offer 2.49% to all customers (of course, assuming good enough credit score). To get them to go lower, I had to request that they rate match the APR from my own bank. I ended up with 2.09 over 60 months through Tesla.

 

[Brandon#]

This finance sheet posted in the Model 3 section is really cool. It auto updates with rates and terms from numerous banks and credit unions.

Tesla loan comparison spreadsheet - auto updates hourly

 

[ChuckieCheese]

I’m sure glad I found this community. I was going to try to find a credit union and go that direction, but applied with Tesla, approved for 2.49%, emailed about chase and they came back with 2.04% for 72 months. Happy with that.

Just so I understand, were these what you did to get lower interest:

1). You applied through Tesla
2). Tesla partnered with Chase and gave you 2.49%
3). You applied separately with Chase - 2 credit hard pull
4). Chase gave you 2.04%
5). You notified Tesla of the 2nd separate approval from Chase
6). Tesla matched the 2.04%

I am a long time customer of Chase and from their website (I didn't apply), their published auto loan is 2.99% (higher than Tesla's 2.49%)

 

[BlueberryT]

Just so I understand, were these what you did to get lower interest:

1). You applied through Tesla
2). Tesla partnered with Chase and gave you 2.49%
3). You applied separately with Chase - 2 credit hard pull
4). Chase gave you 2.04%
5). You notified Tesla of the 2nd separate approval from Chase
6). Tesla matched the 2.04%

I am a long time customer of Chase and from their website (I didn't apply), their published auto loan is 2.99% (higher than Tesla's 2.49%)

Not ChuckieCheese, but the process is usually Step 1 & 2. Step 2 offer could be with any bank (ours was US Bank). Step 3 is your Step 5 - email Tesla financing saying you appreciate the offer but believe you might qualify for a better rate and they should review offers from other banks including Chase. Then Tesla responds with Step 6, their best rate with Chase.

You don't apply separately with Chase. Hope that makes sense