So Tower is out of the question now? No good rates?I ended up not using Tower due to their inability to keep track of things.
They refused to honor their pricing for me due to my loan get "approved" after their rates went up, even though I applied an hour before their website updated.
Plus they keep calling me asking for information to complete my membership even though I have told them many times, your new 9% rate is a joke.
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Credit Unions with good rates that accept applicants anywhere within the US?
- Thread starter YNoVA
- Start date
I took progressive too. Start from today and you can the car added to the policy within minutes. Upload it to tower
They recent got slammed with auto loan request due to their rates. At the bottom of their website, it now says it would be up to 3-4 weeks before a loan is approved. If you dont have a EDD really soon, and have time to wait, id start the process. If you need one within a week, youll have to do a lot of phone tag to get it processed quickly.
Datatrac - America's Largest Interest Rate Website
Datatrac provides financial institutions and consumers with unbiased interest rate information to make mutually beneficial decisions about new loans and deposits.
www.datatrac.net
Thanks was trying to be cheap and start the policy when the car is actually here that needs insuring
StoXto3toY
Member
FYI the rates on this site are not accurate, but it is a good tool to find credit unions/banks that you can then research individually.Datatrac - America's Largest Interest Rate Website
Datatrac provides financial institutions and consumers with unbiased interest rate information to make mutually beneficial decisions about new loans and deposits.www.datatrac.net
I finally got the loan approved and on the way to be paid to Wells Fargo. I applied on 1/17, took delivery of car on 2/4 and used Tesla finance. Changed my loan to refinance, had to call every other day for the loan officer to do something. I called yesterday and all they had to was send me a docusign that the lazy loan officer had it sitting for over 4-5 days..had to wait on hold for an hour to speak to a manager..I see loan show up in towerfcu but not paid off yet in Wells Fargo
The lowest rate i see them offering is 5.99% which is higher than what Armco CU is offering.
Right now the best that has been posted lately is Armco CU. They have rates that destroy all the local CU near me. They average near 5%.
Cyclone
Cyclonic Member ((.oO))
I’ve been pleasantly surprised with Armco, but I submitted my stuff just as they were first shared around here, so they weren’t slammed yet. 1.99% refi check was mailed yesterday
You must be really lucky then. I only used their message system in the beginning but i still haven't gotten final approval. It's been 4 weeks.
Cyclone
Cyclonic Member ((.oO))
I’ve been approved and had my savings & checking account opened for almost three weeks now with no replies to the messaging system or phone calls. Everything was approved and uploaded, they just needed to send me the docs to eSign and to mail a check. Turned around and Armco started and finished in the time I’ve been waiting on Tower to send me the docs to sign.
StoXto3toY
Member
For what its worth, I have purchased 4 Teslas with my local CU, University Federal Credit Union. They are always easy to work with, but today really takes the cake.
The same day I purchased my 5th Tesla, 2/3, I submitted an APP to Tower..I won't bore you all with the details but its gone NOWHERE. Hours on old, many emails, messages in the portal, all of it and now, 21 days or 3 weeks later I have NOTHING to show for it.
My delivery date is 3/3, so rather than create a problem for myself, I applied online at my good ole UFCU. Approval, 60 seconds. Followed by a phone call 12 minutes later to discuss rates, GAP etc.. and ask for my MVPA, 10 min after that docusign in my email, and 5 min after signing those, email that loan has been funded via ACH to Tesla. So literally, 30 mins to wrap the whole thing up...not the best rate, but hey I;'ll take it for now and see what happens. 4.4% on 48mo.
The same day I purchased my 5th Tesla, 2/3, I submitted an APP to Tower..I won't bore you all with the details but its gone NOWHERE. Hours on old, many emails, messages in the portal, all of it and now, 21 days or 3 weeks later I have NOTHING to show for it.
My delivery date is 3/3, so rather than create a problem for myself, I applied online at my good ole UFCU. Approval, 60 seconds. Followed by a phone call 12 minutes later to discuss rates, GAP etc.. and ask for my MVPA, 10 min after that docusign in my email, and 5 min after signing those, email that loan has been funded via ACH to Tesla. So literally, 30 mins to wrap the whole thing up...not the best rate, but hey I;'ll take it for now and see what happens. 4.4% on 48mo.
I mean if rate wasn't important, going through Tesla is the easiest option. It's 100% automated throughout the entire process.
StoXto3toY
Member
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