Best interest rate via Tesla financing?

[Kandiru]

Rates | DCU 1.99% 60mo used car loans. I have just finished paying off my MS with them after a 60mo loan, highly recommend, they do everything over emails, website is awesome and they reply fast, AFAIK I only had one live conversation in the entire loan process. Once I forgot to mail payment, they were very pleasant and I just mailed both payments two months later. They are in MA and I live in OH.

Credit unions will always have better rates than banks, fewer levels of corporate parasitism.

 

[CLEANKM]

Thanks to the folks here. Was approved through Tesla for 2.49% 60 Months with Wells Fargo. Emailed
[email protected] as mentioned earlier and asked for a lower rate to match my credit union (Navy Fed) at 2.19%. They said they can try another lender but will be unable to say for sure that it would be possible. Within 20 minutes i got an offer through Chase for 2.29% for 60 Months. All it took was asking! Thanks for the tip and excited to part of the community.

 

[fldude]

Rates | DCU 1.99% 60mo used car loans. I have just finished paying off my MS with them after a 60mo loan, highly recommend, they do everything over emails, website is awesome and they reply fast, AFAIK I only had one live conversation in the entire loan process. Once I forgot to mail payment, they were very pleasant and I just mailed both payments two months later. They are in MA and I live in OH.

Credit unions will always have better rates than banks, fewer levels of corporate parasitism.

Do you know how long the approval was good for once you got it? Trying to figure out a timeline on purchasing a model S.

Thanks!

 

[pwh1138]

Initial approval was with Wells Fargo (through Tesla) for 2.49% @ 72 months. I emailed Tesla to ask about lower rate with Chase as I have accounts with them and was given 2.34% @ 72 months. 800+ FICO with ~$10k down.

Added FSD to my order today and had to reapply for financing. Received 2.29% @ 72 months with Chase.

 

[Jsond]

Got offered 2.49% for 72 mos with Wells Fargo with a condition that I close out my current auto loan which is the vehicle im trading in. E-mailed [email protected] to see if I can get a better rate with Chase since I've been banking with them for over 10 years. Fingers crossed!

 

[Bombadgen]

72 months, 2.49% via chase. How long is this rate good for? They're quoting 4-7 weeks for delivery now.

 

[Jsond]

Just got a response, got 2.09% via Chase for 72 mos!

 

[ramaka]

1.74% for 65 months from DCU...Approval took 1 day and all online....Heard Stanford CU offers @ 1.49%...if your credit score is good, maybe try with them first and then DCU.

 

[pwh1138]

72 months, 2.49% via chase. How long is this rate good for? They're quoting 4-7 weeks for delivery now.

I believe 60 days

 

[Bombadgen]

I believe 60 days

Thanks! I couldn't really find a better rate, so will probably just stick with tesla financing

 

[Pianewman]

BB&T/Truist just quoted me 2.06% on a 48 month loan...in the DFW region.

 

[techgeek007]

Similar to a few people above, I went with DCU at 1.74% for 65 months. All done in one day. Very easy to deal with.

 

[tritonman]

Seems like the Chase rate has improved as I received 2.09% at 72 months. Also approved for 2.49% at Wells.

 

[GenerationY]

Hi All, newbie here, quick and maybe silly question to many of you … so after you shopped and applied the loan online with different lenders, got better rates, then ping Tesla to adjust their rate they can give you, then want? Do you need to do anything with the approved rates with different lenders, or just leave them alone?

@tritonman did you apply for Chase and Wells directly online?

 

[tritonman]

Hi All, newbie here, quick and maybe silly question to many of you … so after you shopped and applied the loan online with different lenders, got better rates, then ping Tesla to adjust their rate they can give you, then want? Do you need to do anything with the approved rates with different lenders, or just leave them alone?

@tritonman did you apply for Chase and Wells directly online?

I applied directly with Tesla and received two quotes, one of which was Wells. After reading through the forum, I requested a quote from Chase. That was also through Tesla though, so you have no direct contact with the bank.

The offer is eligible in your Tesla account afterwards, so you just need to approve the one you want.

 

[Bombadgen]

Seems like the Chase rate has improved as I received 2.09% at 72 months. Also approved for 2.49% at Wells.

I just asked tesla to apply to chase (I had us bank 2.49% rate) and chase came back with 2.04%

 

[GenerationY]

I just asked tesla to apply to chase (I had us bank 2.49% rate) and chase came back with 2.04%

I just did mine too and got 2.19% from 2.49%, from chase as well.

 

[turtlesz]

Is it easy to refinance and are you able to get the same low rates? Had mine through US bank from Tesla and did the rate match last year but these new rates are even lower. Not sure how refi would work since I used Teslas rate match.

 

[Kelr316]

I was approved for 1.99% for up to 84 months with Carolina Cooperative FCU

 

[kishkaru]

I just did mine too and got 2.19% from 2.49%, from chase as well.

Just to add on to the bandwagon, was initially approved 2.49% US Bank and got re-approved for 2.14% Chase after contacting Tesla.