Shewwww, you’re correct sir. Haha. I definitely screwed that one up! I actually think that people Hans been getting approved for 1.74 with 65 months and because the banks Tesla is using do not do 65 they’ve matched that for 72 months!
Well answering to my own query here to update anyone else.
Their listed rates already have the .50% discount rate baked in. So the 1.49 is @ 65 months with the membership discount, direct deposit etc. This rate can drop by .25 to 1.24 if you buy an EV. That would put the 72 months @ 2.49 with the membership discount, direct deposit etc as listed and 2.25 @ 72 if you buy an ev. Im not sure where people are getting 1.72. I know Tesla gave some one 1.72 but I dont know how they got to that number.
DCU at the beginning of last week their lowest interest rate was 1.72% (Correct me if I am wrong). On Thursday or Friday of last week DCU lowered their rate which is why people are now getting 1.24%.
also now that i think about this, when i talked to them I asked what it would be if i wanted to go to 72 from 65. i thibnk she said it was only .5 higher even though thats not what the site says. but that would be 1.74DCU at the beginning of last week their lowest interest rate was 1.72% (Correct me if I am wrong). On Thursday or Friday of last week DCU lowered their rate which is why people are now getting 1.24%.
I had applied to DCU 4/26 and the approved me for 1.72% for a term of 65 months. Fast forward to Friday and I called DCU back and asked them to see if I qualified for the new lower rate. They checked and said yes. Now, I am approved for 1.24% for a term of 65 months.
I just need a VIN and a car...
If your work has the option to split up direct deposit, I'm not sure I know how DCU would be able to verify if it is your full pay. I am going to do something like this if I end up using DCU. Deposit $400 for the car every 2 weeks and the balance into my PNC account.
True. I could just change my wife's direct deposit from one of her jobs. She only works 2 days a week there and after taxes its only like $2,000 a month. That would be her full pay check going into the account. I could always go that route.
I seem to fail to follow: if i find a rate at a credit union, tesla will match it? What if i get a rate now and then wsit 8 months for tesla to produce my vehicle. Will they match the original rate?
If you aren't getting a vehicle for 8 months then don't apply for credit for 8 months. A good rule of thumb is to wait for a VIN before applying for the loan (that way the approval has less of a chance of expiring).
I don’t actually send them my “pay” at all, I just use an automated ACH transfer from my brokerage account. Their system doesn’t seem to know the difference As long as it sees money flowing in. Done it this way for 5 years FYI. My deposit is $1 more than my payment.
