Go to the "check loan application status" page, and send them a message if it's been stalled that long. Ensure you have answered their every question and provided every requested documents. Also, they can't move forward until your membership gets approved.
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Credit Unions with good rates that accept applicants anywhere within the US?
- Thread starter YNoVA
- Start date
My membership is approved applied 2/28. But the loan is still pending. No follow up or anything. I called them and they said its turn by turn of loan application. ugh and my EDD is next week Vin is already assigned.
Well I guess it’s not over until it’s over !! Did anyone observe this FedEx status? FedEx say’s shipping could not be delivered to Tesla…
Delay
Customer not available or business closed � Access is controlled by customer
SAN JOSE, CA
Cyclone
Cyclonic Member ((.oO))
Your brother probably got it from the dealer. It’s cheaper with 3rd party financing. Personally, I got it, but I also got $70k on the loan. You never know if the car gets totaled and Tesla is 2024 drops prices from the 2023 spot, you may end up with a shortfall. That said, you may have an insurance payout that covers what’s left of the $53k loan.Is GAP protection advisable or a waste? Looks like ARMCO is offering it for $265 on a $53k loan. I thought these policies were way more expensive? My only reference point is my brother who paid $900 for GAP against a $34k loan on a Ford Mustang back in 2018.
I never heard back from them.
Ended up going with Armco. Once my membership was approved, it was incredibly smooth sailing.
Similar situation here, applied on 2/19 and got conditional approval in early March, I can see my loan amount and term but no APR. Did you message them asking for the rate?
Yes, I did message them and sent over some their other requested documents. No response yet, but while my EDD is this month I don’t have a VIN, so not in a big hurry. If my VIN comes in, I’ll give them a call.
Same here.. just got a msg in the portal that Armco has conditionally approved my loan but no mention of the rate. I submitted my loan app on 02/28 so I hope they honor the lower rate effective on that date. Waiting on VIN from Tesla.. EDD 03/18 - 03/31.
I went with Southeast Financial Credit Union - cost me a 5 dollar contribution to Autism Tennessee to join. I got 3% for three years but their rates have increased since I locked in:
3.25% APR for 2 Years
3.75% APR for 3 Years
4.00% APR for 4 Years
5.00% APR for 5 Years
5.50% APR for 6 Years
5.75% APR for 7 Years
New Vehicles
3.00% APR for 1 Year3.25% APR for 2 Years
3.75% APR for 3 Years
4.00% APR for 4 Years
5.00% APR for 5 Years
5.50% APR for 6 Years
5.75% APR for 7 Years
I went with them too, how did the check mailing process work with them? For me they sent it by regular mail last Monday and it looks like Tesla is yet to receive it.
I paid extra for it to be fedexed overnight. Sent tesla a copy of the check and the fed ex tracking this afternoon. Finger crossed that it goes well from there.
They never gave me this option
will call on Tuesday again and tell them to FedEx it if Tesla hasn’t received it by thenWell, they fedexed the check to me!! Sigh. I sent it along to Tesla via FEDEX with tracking myself this afternoon. Tesla has already acknowledged the tracking number and is shipping out my car. I am in Michigan or I guess I could have taken the check to a Tesla Service Center. But we have to have the sale completed out of state.They never gave me this option
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