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Better financing rates than via Tesla?

ModlS3XY

Member
Mar 1, 2018
239
118
Atlanta
I am getting a Model X 100D in June and looking for financing options. The previous quarter, financing through Tesla seemed attractive with a 1.49% APR for the MX100D. This quarter however, the rate has been bumped up to 2.49% APR.
has anyone recently financed elsewhere for better rates closer to the 1.49%?
 

tagueja

Member
Apr 19, 2018
15
41
Holden, ME
Just got approved yesterday for my X100D with Alliant at 2.49%. That's their "special" rate for X100D....other models are different. All banks and CU's that I checked in my area are 4%+ for 100k+ at 72mo, so I think it's a good rate especially with prime rates increasing steadily. They also do tons of business with Tesla, so it was super simple, and my delivery specialist knew the Alliant guy and vice versa. 5-8 mins on the phone giving some details, approval email 5 minutes later. Boom. All info/funds transferred automatically down the road, no more work from me.

In the grand scheme of things, by all means shop for the best rate, but 0.1% or even 1% doesn't make that much of a difference. More importantly, you'll want to put as little down as possible with the low rates so you can use your cash for other investments that will make you money. (Assuming you can manage the higher monthly payment)
 

DinoJuice

Member
Mar 25, 2018
55
42
Bellevue
Thanks for all the recommendations. I just applied through Tesla financing and was approved within 10 minutes for the 2.49 72 months. Couldn't find better rates elsewhere and Tesla couldn't have made this simpler.

Couple questions for you.
1) Did it ask how much you plan to put down? Or does it always default to ~100% financing.

2) Did the result give you any other options (lower rates for more down, or shorter terms)?

3) Does the Tesla finance loan include any extra features (ex: gap insurance) as part of the promotional terms?

I keep debating whether 2.5 is attractive enough, or whether I'd prefer the piece of mind of being paid in full.

Nick
 

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