www.fedchoice.org
They have a 1% rate reduction for new members who request an auto loan in the first 90 days of membership. Down to a floor value which is apparently 3.99%According to their FAQ, their lowest auto rate is 4.49%. How are you getting 3.99?
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That would be correct on the donation. They've been really easy to work with.
They were really easy to work with...$25 to open a savings account with donation. The process took about 2-3 days total to become a member and complete the savings account opening. The same day I got a message from them saying apply for an auto loan and get a 1% discount when applying within 90 days. I applied online, instant approval at 3.99 for my new Tesla, which is the floor limit. They did ask for a bunch of paperwork to become a member such as drivers license copies, multiple proofs of address such as bank or credit card statements. I got the MVPA from Tesla on my new model y performance and sent this over to them with a copy of the title paperwork showing they will be the lienholder. They sent doc u sign with all the loan documents I signed and they wired the money to Tesla. It was really easy! It does take a day or two after initial approval and you send over what they need to create the doc u sign and wire so plan in advance, figure a week before pick up. Mine is paid off and I will not be picking it up for about a week as I heard this can take about2 weeks with them and they got it done really fast! They were very friendly when you call as well!
I’m still waiting on my MVPA. Somehow you leapfrogged me in this process. Glad the rest went smooth for you.
I sent a message on the Tesla app and the dealer I am picking it up from called me. They were very friendly (Matthews NC) and she emailed me all the information I needed to complete the loan. Yes, I was really happy with the rate with what's going on in the credit world. I am surprised Tesla isn't working with some banks or credit unions to offer lower rates? Either way I am grateful to this forum as I only found out about them on here or I probably would have used Tesla financing as I did with the first one, which I had 2.49...those were the days! LOL
Yes. I put my app in on Friday. I should hear from them sometime next week.
Thanks. Applied with the donation route. Didn’t see an option to donate? I’m assuming they’ll ask after reviewing your application?
Oh ok. I didn’t add anything $ except the $5 that was required for the savings.
Nor did I. Strangely there is $25 in that savings account though. Not sure what they gave me 20 dollars for.
