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Credit Unions with good rates that accept applicants anywhere within the US?
- Thread starter YNoVA
- Start date
regardless of how much fee would be, still better to go thru 5.99% interest rate and more headache down the road to refi
It’s the POA that Tower gave you. You can find it in the documents in your loan application
I'm currently conditionally approved right now. Can you go through the process to get it completely approved?
- Wait for VIN from Tesla.
- Get POA signed and notarized.
- Membership verification (????)
Yes, get the POA and get it notarized in your local credit union for free.
I signed up for Tower membership on 1/15, I applied for a loan on 1/14. Membership has been still stuck on referred and CSR says it will take a while to process due to overwhelming applications. The loan has been conditionally approved on 1/18. If you haven't even applied for membership yet, it will take a long time to process.
As delivery nears, I think others should have a back-up loan. I'm applying for Adefi as well to get the 3.85% rate to see if Tower can process membership, but CSR admits its ill take a long time and my delivery can be any time now. For me, the choices are AdeIfi or Tower only, as Adelfi has a 5 day timeframe from start to receiving loan from other posts. Better than the horrible 5.34% rate from Tesla/Wells Fargo.
I signed up for Tower membership on 1/15, I applied for a loan on 1/14. Membership has been still stuck on referred and CSR says it will take a while to process due to overwhelming applications. The loan has been conditionally approved on 1/18. If you haven't even applied for membership yet, it will take a long time to process.
As delivery nears, I think others should have a back-up loan. I'm applying for Adefi as well to get the 3.85% rate to see if Tower can process membership, but CSR admits its ill take a long time and my delivery can be any time now. For me, the choices are AdeIfi or Tower only, as Adelfi has a 5 day timeframe from start to receiving loan from other posts. Better than the horrible 5.34% rate from Tesla/Wells Fargo.
Last edited:
Macb00kemdanno
Member
Do you need to join Adelfi before applying for a loan, or can you just
Same. But I applied at Adelfi and was granted membership within two hours.
Heres my suggestion for anyone waiting for VIN. For your case, I would suggest you get the membership asap to avoid delay in loan approval.
1. Before your VIN is available, apply Tower primary share account and make membership donation using the form below
2. As soon as you get the VIN, provide owners info to TESLA and get the purchase agreement with your name and VIN, sign it and apply for auto loan and get POA notarized. GAP is not mandatory.
I use this website to do the donation: Donate to TowerCares, Serving Baltimore, DC and Northern VA
It mentioned "Your tax-deductible donation of $35 or more makes you a member of the TowerCares Foundation" so I hope membership is automatic.
First time financing question. If I’m trying to shop around to see what rates I get should I apply to multiple CCs and banks on the same day? I know hard inquiries affect your credit score so I’m thinking that’s a way to avoid a drop in score but not sure if other banks will be able to see that hard pull and have it affect my rates?
What's your credit score and loan duration? Only 36 months loan is lower than 2.99%
Interesting, I have not heard of the .25% discount. I just got an email that said this yesterday:
It's recommended to do both as soon as possible. Seems like they are overwhelmed and taking awhile to approve people right now.
Excellent credit. Originally requested 36 months. Told them in not opposed to other durations though
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