Taureans77
Grant me serenity to accept things I cannot change
Sorry new to the post but question: has anyone had an experience where say they got approved by DCU without downpayment and tesla financing has matched rate and no downpayment ?
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Best interest rate via Tesla financing?
- Thread starter rbaum0519
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BlackHawk2383
Member
This is exactly my case. DCU loan doc showed 117% LTV bc I did no down payment and financed even the sales tax...why not 1.24% is cheap. For this reason I sent Tesla match my DCU loan offer first to ask if they would match before I applied for Tesla loan though the account.
I successfully opened an account and have now applied at DCU today for an auto loan, submitted everything. For those that have done this, how long do they take to get back with a decision without calling? Not excited about waiting on hold to press the issue.
So what would be the proper order of operations if I want to compre Tesla financing to DCU, and also include a trade-in in the mix? My SA said to chose the cash option for now, and my trade-in estimate keeps expiring every 2 weeks. Is this partially resetting my EDD?
Does anyone have experience if I were to wait to receive a VIN, and then have enough time to apply to DCU, update my trade-in profile on Tesla, and apply for Tesla financing to compare? With the option to try a Tesla match to DCU?
Does anyone have experience if I were to wait to receive a VIN, and then have enough time to apply to DCU, update my trade-in profile on Tesla, and apply for Tesla financing to compare? With the option to try a Tesla match to DCU?
Upon vin receipt you would have enough time to apply for DCU financing and also rate match !
Hi, when is the best time to change t
Paymment method .?. And whe is the best time to apply for the loan?? It's my understanding that that the application is valid for 60 days...
Ok thanks. Should I wait to add my trade-in until I receive VIN? Does this update the order agreement, or will Tesla send an updated total (minus trade-in) to DCU before I actually take delivery? I would like to trade in through Tesla for ease of sake, and they’re giving a different offer
SDM44
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Applied for a DCU auto loan on Fri night and called early Sat morning (only a 12 min hold time at 6:05am PST, just after they opened on Sat morning) and got my loan approved at 1.24%. I don't have my VIN or MVPA yet, but should be getting them in the next week. Here's the steps on what I'm doing, in order to make everything work:
- Applied for the DCU loan for $60k, because that's what I want to borrow (even from Tesla). Got approved @ 1.24%
- Get VIN & have my payment option changed to Self-Arranged and choose DCU as the lender. Put a $60k loan amount & wait for new MVPA.
- Get updated MVPA from Tesla. Upload to DCU.
- Call DCU (wait an hour to talk to somebody during the weekday) and have them push the loan through, & wait for the loan doc to be sent over.
- Have my payment option on my Tesla account changed again, so I can apply for a Tesla loan for $60k.
- Once I receive the loan doc from DCU, submit it to ratematch@tesla and hope for the best.
- Call back DCU (wait another hour) and cancel my auto loan app.
I figure that process should take a good day or two at most to complete, which is plenty of time for me to get everything done from when I get my VIN to when I can actually take delivery of the car.
- Applied for the DCU loan for $60k, because that's what I want to borrow (even from Tesla). Got approved @ 1.24%
- Get VIN & have my payment option changed to Self-Arranged and choose DCU as the lender. Put a $60k loan amount & wait for new MVPA.
- Get updated MVPA from Tesla. Upload to DCU.
- Call DCU (wait an hour to talk to somebody during the weekday) and have them push the loan through, & wait for the loan doc to be sent over.
- Have my payment option on my Tesla account changed again, so I can apply for a Tesla loan for $60k.
- Once I receive the loan doc from DCU, submit it to ratematch@tesla and hope for the best.
- Call back DCU (wait another hour) and cancel my auto loan app.
I figure that process should take a good day or two at most to complete, which is plenty of time for me to get everything done from when I get my VIN to when I can actually take delivery of the car.
talhas3
Licensed Real Estate Salesperson Rochester NY, NJ
There is nothing to feel guilty or bad about not going with DCU. They are still driving some business with the low rates. It’s just the way it goes that some applicants are rate matching.
i was planning do same thing regarding matchNo to first question. You can be anywhere in continental US and still open a DCU account. And get a loan too.
They do provide a document named loan terms and conditions through docusign, which you got to sign and send them to get a check from them payable to Tesla mailed to you. But if you want to do a rate match , do not sign that document, instead send that to [email protected].
They do provide a document named loan terms and conditions through docusign, which you got to sign and send them to get a check from them payable to Tesla mailed to you. But if you want to do a rate match , do not sign that document, instead send that to [email protected].
You just need to make a $10 donation to join an organization if you aren’t already a member to one they are affiliated with.
Yes, my EDD is 2nd half of Sep so I applied this month base on the fact the loan is valid for 60 days.
Last year when we bought the first model y, our loan was approved too early (90+ days), the day before delivery we got a hard pull from the lender with a updated rate. Luckily, it was lower than the original rate.
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