Hello @johnweiss ,How am I supposed to make final payment with a loan through Tesla? The loan is from HSBC, am I suppose to go to HSBC and do a wire transfer to Tesla before picking the car up? I get that I have to bring bank draft with my deposit amount but what happens with the outstanding balance that is financed? Is that all I have to do? Never actually financed a car before this.
Picking the car up Monday and can't get through to the delivery centre
You should have received your payment information via your account or at least notified via E-mail. It takes up to or more than 48+ hours for a wire transfer. If not, like me, then the worse-case scenario is:
- bank draft made out to "TESLA MOTORS CANADA ULC" for the down payment that you agreed to. Make sure you check the amount owing on your account to ensure that all fees are included in the downpayment. This amount is found in your "manage your vehicle" section of your Tesla.com account. Carefully locate the amount owing. I would request the bank draft today to make it for Monday by calling your bank now to begin the process.
- VOID cheque or fill in your automatic payment details on the financing paperwork they will provide during the delivery. I just did a void cheque because I am too lazy to fill it in
- The finance company, HSBC, will most likely contact you soon after you pick up the vehicle to confirm everything is ok or whether they need more info, change payment schedule, etc. Normally the payment schedule is monthly and first payment will be the same day (Oct 13 in your case) next month.