Credit Unions with good rates that accept applicants anywhere within the US?

[GingerJay]

Started loan process w/ Adelfi and Tower on 12/22.
Today 12/29 @ 2pm Tower notified us the application has been sent to underwriting for review. Review process will take another 7-10 days.
Today 12/29 @ 4:30pm from Adelfi: Your loan has funded and funds have been wired to the dealer. Congrats on your new car and have a blessed day.
Tower is slower than slow!

 

[c00sebookpro]

Started loan process w/ Adelfi and Tower on 12/22.
Today 12/29 @ 2pm Tower notified us the application has been sent to underwriting for review. Review process will take another 7-10 days.
Today 12/29 @ 4:30pm from Adelfi: Your loan has funded and funds have been wired to the dealer. Congrats on your new car and have a blessed day.
Tower is slower than slow!

Yeah Adelfi is the way to go if you want to get your $7500 back.

 

[Miguel Lopez]

Started loan process w/ Adelfi and Tower on 12/22.
Today 12/29 @ 2pm Tower notified us the application has been sent to underwriting for review. Review process will take another 7-10 days.
Today 12/29 @ 4:30pm from Adelfi: Your loan has funded and funds have been wired to the dealer. Congrats on your new car and have a blessed day.
Tower is slower than slow!

Definitely! i financed a used 2020 model 3 with AdelFi. Im so grateful to find this info here since december! They are extremely fast, insta approved after I applied (Received a call 5 min later to confirm information). Just submitted proof of insurance, ID and the purchase vehicle order (note that I got mine from a Hyundai Dealership-Not tesla), same process, after they received the info, sent me the auto-loan docs and wired the money 2 days later.

 

[Ergonomics101]

Yeah Adelfi is the way to go if you want to get your $7500 back.

I too had a great experience with Adelfi and ultimately went with them. The other CUs were slow and unpredictable.

 

[GingerJay]

I too had a great experience with Adelfi and ultimately went with them. The other CUs were slow

Got the approval from Tower today. 3.49% for 72 months. Going to have to ask if they will give me that rate for a re-fi.

 

[WyoDude]

Got the approval from Tower today. 3.49% for 72 months. Going to have to ask if they will give me that rate for a re-fi.

Do you know what their rate would have been for 60 months or less? Guessing it would be a bit less.

 

[GingerJay]

Do you know what their rate would have been for 60 months or less? Guessing it would be a bit less.

I don't recall, sorry. I do know we got our app in before the last little rate hike.

 

[Bob Marley]

Got the approval from Tower today. 3.49% for 72 months. Going to have to ask if they will give me that rate for a re-fi.

How long does it take from applying till you get the check in hand so you can pay Tesla via Tower?

 

[SizzFlair]

Tower pre-approved me for 2.99 60mo. Def better than Tesla's 5.34%. Waiting on follow up to get check in the mail so I can pay off Wells Fargo (tesla finance) and switch it over to tower.

 

[SizzFlair]

Do you know what their rate would have been for 60 months or less? Guessing it would be a bit less.

2.99. Their rates are posted on the site depending on length of loan. 2.49 if you go with 3 years.

 

[WyoDude]

2.99. Their rates are posted on the site depending on length of loan. 2.49 if you go with 3 years.

That seems pretty good currently. Thanks for the info

 

[hulk]

So with the price drop of model Y, I am interested in purchasing the model Y. called my local credit union and their rates are in the high 5%.
which credit union do you guys recommend that has the lowest interest rate for 72/84 month loan and is easy to deal with.

TIA

 

[SizzFlair]

Tower credit union

 

[acpd]

Tower says they require membership? Can non-member apply if they are not part of the organization?

 

[SizzFlair]

Tower says they require membership? Can non-member apply if they are not part of the organization?

You can donate $35 to the TowerCares foundation to become eligible to join. That's what I did. My refinance from 5.34% Tesla to 2.99% is conditionally approved, but current on a hold since the loan agent is waiting for it to hit my credit history to confirm. I bought the car 2 weeks ago so...

 

[acpd]

You can donate $35 to the TowerCares foundation to become eligible to join. That's what I did. My refinance from 5.34% Tesla to 2.99% is conditionally approved, but current on a hold since the loan agent is waiting for it to hit my credit history to confirm. I bought the car 2 weeks ago so...

Do they allow that after approval you or is that needs to be done before?

 

[YW555]

It's been almost 10 years since I had an auto loan. Should I apply for the loan at the time of order, does the rate lock until it delivers a few months later?

 

[SizzFlair]

Do they allow that after approval you or is that needs to be done before?

You'll need to donate first and then apply for membership right away. Once your account is established, you can apply for the loan or refinance.

 

[SizzFlair]

It's been almost 10 years since I had an auto loan. Should I apply for the loan at the time of order, does the rate lock until it delivers a few months later?

I'd just start the application now and get a conditional approval first based on how much you're wanting to borrow. You can get an estimate of the cost of the vehicle through tesla's check out page. You're allowed to borrow up to 125% of the vehicle's value so if you wanna include your tax/registration cost added in, you can as long as you meet their credit score, credit history, and debt to income ratio.

Once you have the loan conditionally approved, then you can put in the order and send whatever documents that the credit union needs (probably invoice, vin, etc.). Once you do that, they'll set up the payment with the Tesla SC.

 

[GingerJay]

You'll need to donate first and then apply for membership right away. Once your account is established, you can apply for the loan or refinance.

We were told the opposite. Wife spoke to a loan officer. Go through the loan app process & if we accept the loan we would have to do the $35 donation to become a member.