I was wondering If anyone had any suggestions on CPO's what I should be aware of and what difficulties I might face when trying to get one? Would you recommend getting a CPO why or why not?
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I was wondering If anyone had any suggestions on CPO's what I should be aware of and what difficulties I might face when trying to get one? Would you recommend getting a CPO why or why not?
Take a look at my post history, you'll see my experience and the people I worked with at Tesla. It was fantastic. I am Texas and took delivery in Colorado, and drove it home so yes you can..What is delivery like on a CPO? I assume not as fancy (swag and what not) as a new car.
Do they force you to make the purchase in the state where the car currently resides? Or will the purchase occur at your local service center (so taxes can be factored into the loan)?
The ONLY way I can get into a tesla is a cheap CPO. I'm dying to make it work but want to know what I'm getting myself into first.
What is delivery like on a CPO? I assume not as fancy (swag and what not) as a new car.
Do they force you to make the purchase in the state where the car currently resides? Or will the purchase occur at your local service center (so taxes can be factored into the loan)?
The ONLY way I can get into a tesla is a cheap CPO. I'm dying to make it work but want to know what I'm getting myself into first.
You can have the car shipped from the current location to your nearest Service Center but if it is out of your region it is rather expensive ($2000 now? It has changed since I did it). Since I am a long way from the nearest Service Center — 338 miles — they delivered the car to me, at no additional charge. (I think the distance for free delivery was anything over 155 miles, but I may not remember that right and it may have changed anyway.)The downside of having it delivered is no orientation and no ability to check the car for problems first and set up a "due bill". (And no swag, of course.) The truck drivers did let me look it over for awhile. I taught myself to drive it from the manual and Tesla videos.What is delivery like on a CPO? I assume not as fancy (swag and what not) as a new car.
Do they force you to make the purchase in the state where the car currently resides? Or will the purchase occur at your local service center (so taxes can be factored into the loan)?
The ONLY way I can get into a tesla is a cheap CPO. I'm dying to make it work but want to know what I'm getting myself into first.
What is delivery like on a CPO? I assume not as fancy (swag and what not) as a new car.
Do they force you to make the purchase in the state where the car currently resides? Or will the purchase occur at your local service center (so taxes can be factored into the loan)?
The ONLY way I can get into a tesla is a cheap CPO. I'm dying to make it work but want to know what I'm getting myself into first.
It sounds like you may have had some added costs to your vehicle, like maintenance, or a destination charge. I have a similar loan and when I saw your post I contacted my bank to make sure I'd be covered. Although my loan covers 115% of the NADA value, the entire cost would have been covered even if it was only 110%. From what the loan officer told me, it prevents the borrower from adding on a lot of extras. I've only just ordered my Model S and waiting on delivery, so if some thing changes and I experience the same issue as you I'll come back with my story.I echo the sentiments of the other posters... communication from Tesla staff is hit or miss, but at pick up I was treated no differently than the guy in the bay next to me who ordered a new car. I also got the typical swag bag and ordered direct online rather than thru an advisor.
One thing that caught me off guard was that my pre-approved auto loan check for $XX,XXX did not cover the full cost of the car, even tho the total out the door price was less than the full check amount. My bank (Penfed) would only approve a loan for 110% of the NADA value of the car (not the purchase price of the car). So I had to move some stuff around at the last minute to be able to cover a cash payment of ~10% of the listed price of the car (before tax & fees).
Sadly, no I didn't. My car was for the purchase price only. Tesla even screwed up and forgot to charge me for the transport fee, otherwise that would have been another $1500 out of my checking account. The 110% is to allow for tax & fees on top of the nada value... so basically 10% buffer for tax & doc fees.It sounds like you may have had some added costs to your vehicle, like maintenance, or a destination charge.
Just got off the phone with my bank. I gave them my VIN and they confirmed, I'm able to utilize the full preapproved amount for my particular car including taxes & fees. The cool thing is the NADA value was actually within 95% of the listed price, which I thought was pretty good. Also, my loan provided for 115% of the value of the car as opposed to only 110% in your case; she actually said that technically I could write the check for about $250 above the approved loan and it'd still be accepted. I'm not quite sure what happened in your case, but I appreciate you bringing it to my attention.Sadly, no I didn't. My car was for the purchase price only. Tesla even screwed up and forgot to charge me for the transport fee, otherwise that would have been another $1500 out of my checking account. The 110% is to allow for tax & fees on top of the nada value... so basically 10% buffer for tax & doc fees.
You should call your bank back and give them the VIN for the CPO you are buying and they will tell you exactly what it books at and how much they will give you for a loan for that specific car. Better to do it now rather than be surprised like me a few days before delivery.
Yeah I don't know either. Maybe the nada values have stabilized a bit more since Feb. Anyway, glad it worked out for you! Enjoy your new rideI'm not quite sure what happened in your case, but I appreciate you bringing it to my attention.