Just got off the phone with my credit union, Canvas, and was told they will NOT finance the Tesla Model Y that I just ordered. They will only finance used Tesla vehicles. I was not planning on using 100% financing, but they will not even finance a penny if its for a Tesla. No reason was given and I didn't feel like inquiring further. Loan rep, who owns a Tesla, recommended that I finance through Tesla and added that the Tesla APR was better than the credit union's anyway.
That is dumb. Sorta seems like time to get a new bank. My CU is cheaper than everything but the 72 month term (which is way too long for a car IMO).
Have you considered getting a credit line from your brokerage? I got one from Schwab at 1.99 perc. (I could have paid cash for the car, but wanted to use the money to buy TSLA. So far, I paid a few hundred in interest, but the stock has appreciated at least 2X)
UPDATE: I went ahead and submitted a loan app through Tesla and was approved for a Wells Fargo loan at 2.49% on a 72/mo term. Interesting twist to this is that I was originally with Wells Fargo out of college and only left them when they wouldn't give me a car loan. That's how I ended up at a credit union!