Best interest rate via Tesla financing?

[sgalla04]

Did you match the rate with Tesla?

Yes I did. And they gave me for 72 months at 1.24%.

 

[t0nyy3ung]

Hi Guys,

Can someone send me a referral from DCU @ [email protected]? I would DM but I do not have privilege's for that yet. Thank you!

 

[PNWLeccy]

Yes I did. And they gave me for 72 months at 1.24%.

If you match your DCU rate to Tesla financing, do they also match the dollar amount loaned? From what I've read, DCU finances up to 125% of the car's cost and Tesla requires you pay the taxes(?) upfront, so I would prefer to put down as little as possible.

 

[sgalla04]

If you match your DCU rate to Tesla financing, do they also match the dollar amount loaned? From what I've read, DCU finances up to 125% of the car's cost and Tesla requires you pay the taxes(?) upfront, so I would prefer to put down as little as possible.

No. See my earlier reply from the previous page:

…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.

But I guess it never hurts to ask.

 

[Y2S3XY]

Hello, I am a new member. Can somebody PM me? Looking for a DCU referral.

 

[majisan]

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

that's a great strategy, can I get a referral, please? I will try it out when I get my vin number.

 

[MYNNJ]

Sent you pm, please send your first name, last name and email

 

[chefbrian]

Looking for a DCU referral - please DM me so I can provide email and name. Thanks in advance!

 

[danstah]

Looking for a DCU referral - please DM me so I can provide email and name. Thanks in advance!

Same here. Still below the DM sending limit. Thank you!

 

[onyxbanx]

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

could you also PM me a DCU referral code? just got a VIN and scheduled delivery for 07/31, need to secure financing ASAP!

 

[bawertu2220]

could you also PM me a DCU referral code? just got a VIN and scheduled delivery for 07/31, need to secure financing ASAP!

I'll PM you

 

[danstah]

Same here. Still below the DM sending limit. Thank you!

Got referred. Thanks a bunch for the assist

 

[Arkbird]

How does Tesla rate matching work with DCU? Do you apply for DCU first, say you're going to do direct deposit with them so you get the 1.24%, then forward the info to Tesla?

 

[Howie_zhang]

No. See my earlier reply from the previous page:



But I guess it never hurts to ask.

Thanks. Do we need to wait for VIN to match rate?

 

[sgalla04]

Thanks. Do we need to wait for VIN to match rate?

You need to wait for a VIN before applying for an auto loan. You can setup an account with DCU, but can't apply without an MVPA which comes when you are assigned a VIN.

 

[MYNNJ]

Thanks. Do we need to wait for VIN to match rate?

You need VIN to get MVPA which is required for DCU loan

 

[LukeA]

Another data point to add in, I was recently rate matched to 1.24% by Tesla for 72 months against DCU 1.24% 65 months. Followed the same process as outlined in the thread earlier.

 

[barricade1237]

Another data point to add in, I was recently rate matched to 1.24% by Tesla for 72 months against DCU 1.24% 65 months. Followed the same process as outlined in the thread earlier.

Just did the same thing today. 1.24% 72 months w Tesla. Had to pay taxes and fees upfront.

 

[PNWLeccy]

I just wanted to confirm if I understand the pros/cons of rate matching DCU to Tesla financing.

• Pros
  • Easier process
  • National bank lender (Tesla uses Chase, Wells Fargo, etc.) vs smaller CU
  • Possible 72mo. loan at lowest rate
  • No required Direct Deposit (to get lowest rate w/ DCU)
• Cons
  • Need to pay Taxes and Fees upfront (not financed)
  • Possible delay to rate match process (~24hr)

Is that basically the gist of it?

 

[sgalla04]

I just wanted to confirm if I understand the pros/cons of rate matching DCU to Tesla financing.

• Pros
  • Easier process
  • National bank lender (Tesla uses Chase, Wells Fargo, etc.) vs smaller CU
  • Possible 72mo. loan at lowest rate
  • No required Direct Deposit (to get lowest rate w/ DCU)
• Cons
  • Need to pay Taxes and Fees upfront (not financed)
  • Possible delay to rate match process (~24hr)

Is that basically the gist of it?

I think Tesla’s first payment is roughly 1 month after delivery with interest accruing from delivery date. My delivery date was June 16th and first payment due July 31st.

I believe first payment with DCU is roughly 2 months and interest accrues from date of signing the loan agreement.