California Credit Union ( CCU) - 66 months at 2.24%

[woodtiger]

Saw this rate from a different post, and just got back from their Santa Ana office. The process took 15 minutes in the office.
48 months at 1.99%
66 months at 2.24%
72 months at 2.74%
84 months at 3.24%

I went with the 66 months. To compare, the rate from Tesla was 72 months @ 3.74%.

 

[jninth]

Pretty sweet. That definitely beats the credit union I was initially using. I'll see if I can get a quick approval from them.

 

[jninth]

Thanks man. They'll be calling me back once underwriting finishes reviewing. You saved me from a 3.24% loan from orange countys credit union.

 

[Consta]

Great find! Thank you.

 

[woodtiger]

Carlos was the guy at that location. he was very easy to work with.

 

[theocguy]

Carlos was the guy at that location. he was very easy to work with.

do we need to have referral?

 

[woodtiger]

I am not sure you need a referral, but knew why I needed a loan within a day when I walked in.

You can go to that office, or email him ([email protected])

 

[jjrandorin]

do we need to have referral?

I have no idea, but, even if so, I highly highly suggest no one start posting about referrals for loans, unless they want us to zap this thread also.

 

[woodtiger]

Copy that! Just wanted to share a nice experience where a guy solved a headache for me

 

[woodtiger]

I am not sure you need a referral, but he knew why I needed a loan within a day when I walked in.

You can go to that office, or email him ([email protected])

 

[woodtiger]

Thanks man. They'll be calling me back once underwriting finishes reviewing. You saved me from a 3.24% loan from orange countys credit union.

All good. I figured that it'll help someone in socal to have today's update!

 

[jninth]

do we need to have referral?

No referral needed. I applied online. After you apply, it gives the the 800-334-8788 number you can call if you want to check on the status. They are open 7 am to 7pm M-F. Make sure you check your spam folder after you apply. I got a "Thank you for submitting your application" that ended up in my gmail spam folder. That email has a link to check the status of your loan. It took them like ~ 2 hours to get back to me.

Just an FYI this place offers the 66 & 60 months at 2.24%.

 

[theocguy]

I will definitely check it out when I get my VIN (whenever it is going to come )

 

[jninth]

Just got final approval from CCU. Remember to ask them for the Copy of the Check and the tracking number if you urgently need it. My car is getting delivered tomorrow afternoon and Tesla said all they need is the tracking number and a copy of the check from the credit union if they are doing next day for the check. They are sending me documents to sign via docusign to join the the credit union.

They also offered me 90 days of no payments so my first payment won't be until September 26th.

All in all, the credit union definitely worked fast and they are pretty on top of getting this approved.

 

[Consta]

Just got final approval from CCU. Remember to ask them for the Copy of the Check and the tracking number if if you urgently need it. My car is getting delivered tomorrow afternoon and Tesla said all they need is the tracking number and a copy of the check from the credit union if they are doing next day for the check. They are sending me documents to sign via docusign to join the the credit union.

They also offered me 90 days of no payments so my first payment won't be until September 26th.

All in all, the credit union definitely worked fast and they are pretty on top of getting this approved.

Hmm I like the 90 day no payments. Did they happen to mention how long they would lock in a rate for? I'd like to get in before the next Fed hike.

EDD July-August but who really knows with all these delays.

 

[jninth]

Hmm I like the 90 day no payments. Did they happen to mention how long they would lock in a rate for? I'd like to get in before the next Fed hike.

EDD July-August but who really knows with all these delays.

I didn't ask how long they'd lock the rate for. They have a live chat option. Try asking them there. Welcome - California Credit Union and North Island Credit Union

 

[Consta]

I didn't ask how long they'd lock the rate for. They have a live chat option. Trying asking them there. Welcome - California Credit Union and North Island Credit Union

Thanks. Once approved, they give you 30 days to lock in, then 90 days for first payment like you said.

 

[woodtiger]

If you are in an area with their physical office, it might make sense to stop by.

On Sunday, I got the call that the car ready and needed to be picked on by Wednesday. I had 2 days to get the financing. I went to the office yesterday (Monday) at noon, and went back at noon today (Tuesday) to pick up the check. There were some documentations needed, but that was all day via email, including signing the loan docs. Happy with the whole transaction.

 

[doctorBee]

Checked their rates today and they've increased slightly (0.50%) as of July 6th...

36 months at 1.99%
48 months at 2.49%
66 months at 2.74%
72 months at 2.99%
84 months at 3.74%

Still very competitive rates compared to any other place I've looked at online.

 

[Consta]

Losing gas money AND my financing with these delays