Best interest rate via Tesla financing?

[onlymovies]

Thank you for this information! I do not have an account yet and not sure what qualifications are needed to open an account with DCU. Do I need a referral or something?

Thank you!

send me a DM with your name and email id, so that I can refer you.

 

[Howie_zhang]

send me a DM with your name and email id, so that I can refer you.

I am not in the community of DCU. Can I join? If yes, could you please refer me? Hao Zhang, [email protected]

 

[sgalla04]

I am not in the community of DCU. Can I join? If yes, could you please refer me? Hao Zhang, [email protected]

I sent you a PM with a DCU referral code. You should also receive an email from DCU. Thanks!

 

[ca-espresso]

Would anyone be able to send me a PM with a DCU referral code as well? Greatly appreciate it.

 

[onlymovies]

Would anyone be able to send me a PM with a DCU referral code as well? Greatly appreciate it.

send me DM with full name and email id, i can send you referral code

 

[(HCDAW)OK3]

I spent some time researching auto loans this morning… Texas Tech Credit Union is offering 0.99%APR. For eligibility they have you join the TT Alumni Association through the credit union for a one time fee of $35. Outside of that bank there are several credit unions offering between 0.99%-1.24%. Just google “Auto Loan 0.99%.” Good luck!

 

[jpy1980]

I spent some time researching auto loans this morning… Texas Tech Credit Union is offering 0.99%APR. For eligibility they have you join the TT Alumni Association through the credit union for a one time fee of $35. Outside of that bank there are several credit unions offering between 0.99%-1.24%. Just google “Auto Loan 0.99%.” Good luck!

Jeez that’s basically like free money. Here I am all proud of my 2.49% with Tesla haha

 

[talhas3]

I applied for loan on last thursday (before VIN), got the approval and got an email to upload purchase agreement. Without this, you will not see any written confirmation from DCU for 1.24, so you cannot match without any proper document.

on friday got the VIN, and MVPA, uploaded MVPA and got the documents to sign on Saturday.
I can pricematch at this time, without signing these documents (sent by docusign). I signed these documents, as I want to go through them.

I spent some time researching auto loans this morning… Texas Tech Credit Union is offering 0.99%APR. For eligibility they have you join the TT Alumni Association through the credit union for a one time fee of $35. Outside of that bank there are several credit unions offering between 0.99%-1.24%. Just google “Auto Loan 0.99%.” Good luck!

So even though someone didn’t go to Texas Tech, you can still join the credit union by just paying $35 to the alumni association?

 

[ryujin]

@onlymovies did DCU charge a loan processing fee? if yes, how much?

 

[(HCDAW)OK3]

So even though someone didn’t go to Texas Tech, you can still join the credit union by just paying $35 to the alumni association?

Crazy, but yes

 

[onlymovies]

@onlymovies did DCU charge a loan processing fee? if yes, how much?

no there is no loan processing fee.

 

[assassinator]

Oh wow this thread is so helpful. Just put in my order for my first Tesla. Will definitely use some of the tips from here to try and negotiate a better rate.

 

[talhas3]

Oh wow this thread is so helpful. Just put in my order for my first Tesla. Will definitely use some of the tips from here to try and negotiate a better rate.

If I'm looking to get Tesla to match the rate that I'm getting from outside, do I choose Tesla Financing right now at the order page or do I choose self arranged financing? Does that matter at this point what I choose if I do Tesla financing or the other option? I might just go with the other option so does it matter what I choose at this time?

 

[assassinator]

If I'm looking to get Tesla to match the rate that I'm getting from outside, do I choose Tesla Financing right now at the order page or do I choose self arranged financing? Does that matter at this point what I choose if I do Tesla financing or the other option? I might just go with the other option so does it matter what I choose at this time?

Its better to choose cash while ordering and then as your EDD gets closer you can call your SA and have him change to financing. The advantage of this is that you can complete your profile immediately and get in the queue.

 

[talhas3]

Its better to choose cash while ordering and then as your EDD gets closer you can call your SA and have him change to financing. The advantage of this is that you can complete your profile immediately and get in the queue.

I’m ordering the 7 seater. It’s giving me November estimate. I’m not in a rush to take delivery right now. End of November and beginning of December will be fine. Im getting November as a time anyway so maybe I should leave it alone and not put it on hold.

 

[barricade1237]

When we match rate through Tesla with DCU, you still cant do the entire cost of the vehicle correct? With tesla rate matching, you still have to pay the taxes upfront etc?

 

[sgalla04]

When we match rate through Tesla with DCU, you still cant do the entire cost of the vehicle correct? With tesla rate matching, you still have to pay the taxes upfront etc?

Yes, with Tesla you can only finance the car purchase price plus destination & documentation fee. DCU you can finance up to 125% of the car value.

 

[Howie_zhang]

Yes, with Tesla you can only finance the car purchase price plus destination & documentation fee. DCU you can finance up to 125% of the car value.

Did you match the rate with Tesla?

 

[Howie_zhang]

Yes just got it, didn’t specifically ask for 72m

tesla/us bank 50k 2.49% 72 months
dcu 44k 1.24% 65 months

emailed 9 am
Rate matched 7 pm
Tesla/us bank 50k 1.24% 72 months

So tesla will match even though the month is different?

 

[OCJeff]

So tesla will match even though the month is different?

They will usually match, and then offer it as a 60 or 72 month term. 72 month has been hit or miss depending on the mood of the person assisting.