Current Delivery Times

[FatherTo1]

Did anyone successfully get DCU to send the loan details in writing after pre-approval? I confirmed with the rep on the phone on the terms, but it's not in writing and Tesla wouldn't match without written proof of the lower rate.

No, DCU told me they need to see the actual Tesla purchase order agreement with VIN in order to finalize the loan, despite being approved.

 

[JimOhio]

I was advised by my SA that the loan can be changed after you click confirm, and before delivery is accepted. So you can switch to a different lender, your own lender, etc.

I was able to change mine slightly just by contacting my SA.

 

[FloridaSun]

Agreed, it’s easier to go through Tesla, specially now. Imagine having a car available for immediate delivery and having to wait for the loan officer to issue a check, then mail it..

I usually use the financing of the particular car dealer and if I don't like the rate, I refinance later. I usually refinance with my local Credit union but right now, their best rate is 2.74%.. Back in 2017, I had a 1.99% loan from them on my Mustang Convertible (48 months)... Their rates went up since and have not come down to the same level yet..

 

[bigdaddyreg]

I called the Dublin, CA SC and spoke with a delivery a specialist. We talked for (and I'm not kidding) almost 30 minutes. He was awesome and answered a ton of my questions. He said he's been with Tesla for almost five years and has gone through all of this multiple times. Here's what I learned:

• In general, they are expecting most CA deliveries to occur the second half of June. What happens is most of the cars that are made in April and May go international and east coast. Beginning of June is midwest and west (not counting California), and then last 2 weeks are typically California. He did say though that they will hold cars in almost all areas of the US till June (what we're seeing now)
• They do get small batches of cars (like they do now) but they have no control over the config. From what I saw in Dublin, they were mostly white cars (didn't look to close when I was passing yesterday). He said those will probably be delivered in the next 1-2 weeks and priority will be the config, order date, and whether or not all of your delivery info is complete and submitted.
• For Dublin, CA specifically, if you live within 30 miles, they will almost for sure all be home deliveries. They don't have the capacity to handle the amount of deliveries they're expecting and it's actually easier for them to do home deliveries
• He said it super important to be ready to take delivery within 3 days of getting the text and/or phone call once you've been hard matched to a VIN. Their system of matching is automated and it will un-assign you after three days if you don't confirm delivery and have your final payment/financing in place
• In regards to payment, if you're doing 3rd party financing and they are mailing the check to Tesla, he suggested having your loan office physically take a picture of the check and send you that and the tracking number. They can release the vehicle to you even if they haven't received your payment yet but only if you provide them with those two things. Otherwise you have to wait till Tesla receives the check and confirms final payment
• If you're putting a down payment separately from your financing, that must be done online. You cannot bring a personal check on delivery day
• He mentioned nothing about a firmware update and I didn't ask -- especially after learning what I said above. This really does seem par for the course for the most part.

In a nutshell, if you're in California, don't expect your car till the second half of June. There will be exceptions to this but most won't get it till then. This actually helped me a lot as I feel like I don't have to check the web site every (okay, multiple time a) day. My expectations are set now at getting it by the end of June and I'm fine with that.

Cool we had our delivery switched to Dublin, just a good SC and after my bad experience with Monterey/seaside commission or not I did not want to go back there, I spoke to Kashee the manager of the Dublin SC and he and everyone there was great and very friendly.

 

[Emmadiane]

I called the Dublin, CA SC and spoke with a delivery a specialist. We talked for (and I'm not kidding) almost 30 minutes. He was awesome and answered a ton of my questions. He said he's been with Tesla for almost five years and has gone through all of this multiple times. Here's what I learned:

• In general, they are expecting most CA deliveries to occur the second half of June. What happens is most of the cars that are made in April and May go international and east coast. Beginning of June is midwest and west (not counting California), and then last 2 weeks are typically California. He did say though that they will hold cars in almost all areas of the US till June (what we're seeing now)
• They do get small batches of cars (like they do now) but they have no control over the config. From what I saw in Dublin, they were mostly white cars (didn't look to close when I was passing yesterday). He said those will probably be delivered in the next 1-2 weeks and priority will be the config, order date, and whether or not all of your delivery info is complete and submitted.
• For Dublin, CA specifically, if you live within 30 miles, they will almost for sure all be home deliveries. They don't have the capacity to handle the amount of deliveries they're expecting and it's actually easier for them to do home deliveries
• He said it super important to be ready to take delivery within 3 days of getting the text and/or phone call once you've been hard matched to a VIN. Their system of matching is automated and it will un-assign you after three days if you don't confirm delivery and have your final payment/financing in place
• In regards to payment, if you're doing 3rd party financing and they are mailing the check to Tesla, he suggested having your loan office physically take a picture of the check and send you that and the tracking number. They can release the vehicle to you even if they haven't received your payment yet but only if you provide them with those two things. Otherwise you have to wait till Tesla receives the check and confirms final payment
• If you're putting a down payment separately from your financing, that must be done online. You cannot bring a personal check on delivery day
• He mentioned nothing about a firmware update and I didn't ask -- especially after learning what I said above. This really does seem par for the course for the most part.

In a nutshell, if you're in California, don't expect your car till the second half of June. There will be exceptions to this but most won't get it till then. This actually helped me a lot as I feel like I don't have to check the web site every (okay, multiple time a) day. My expectations are set now at getting it by the end of June and I'm fine with that.

I just learned more from you than the entire Tesla communication machine. Thank you for digging deep and sharing!

Side note, I stopped by Tesla in Lake Forest, CA today - no specifics on my car, but two different people 100% confirmed that deliveries are happening the second half of June.

 

[Wolfpacker83]

I was advised by my SA that the loan can be changed after you click confirm, and before delivery is accepted. So you can switch to a different lender, your own lender, etc.

So I'm OK to click confirm so that my delivery profile is complete? I was worried by clicking confirm that the bank would start transferring money to Tesla tomorrow and I'd enter some contract.

 

[Srleadjb]

Above the "confirm" button in my loan section, it says this: By confirming, I acknowledge that I am accepting my terms with JPMorgan Chase Bank, N.A. and I will be unable to change my payment method.

I'm worried to do that because I don't want to enter a contract right now before taking delivery in case I want to change my down payment, etc...

Has anyone hit the confirm button on the loan details? Is it a binding contract at that point? Does anything happen or am I simply agreeing to terms.

It’s not binding you to the loan. You have to sign for it and accept delivery before it’s a contract. But you’re agree to using that method of financing should you accept delivery and decide to purchase the vehicle.

 

[dsandhu]

How soon should I work on financing (Tesla or 3rd party)? I don’t want unnecessary hits on my credit.
Also, in my state the vin number has to be on the insurance policy and I can’t get an estimate without it. I honestly, feel stuck.

I did Tesla financing right from the start. It didn’t hit my credit at all. I’ve read here that they only run soft check. But I could be misunderstood about the last part. What applies to me may not apply to you, as I have max credit score.

 

[AlKreischer]

I get my Transunion and Experian every week and my Equifax score and report once a month.. I get those through different credit cards for free..
I get Equifax Score/Report via my CITI Double Cash card and that's also the score that Wells Fargo used.. That score has a 900 scale unlike some others which goes to 850.. I also get Experian FICO SCORE 8 from AMEX once a month (850 scale) as also a weekly Transunion VantageScore 3.0 (also 850 scale). Discover gives me Transunion Fico Score 8 (850 scale). Chase gives me Experian Vantagescore 3.0 which is a joke and the only score that has me under 800 (793) because they group together my Home Equity Line with Credit cards and not with home loans.. On any other score, I'm at least 820 on the 850 scale and 846 on the 900 scale..

Are you picking up from Ft Lauderdale too?

Yup!

Planning on driving there tomorrow/Tuesday to see if they have cars in stock

 

[FloridaSun]

I did Tesla financing right from the start. It didn’t hit my credit at all. I’ve read here that they only run soft check. But I could be misunderstood about the last part. What applies to me may not apply to you, as I have max credit score.

Once you hit the "exceptional" level on your score, it really doesn't matter if it's 800 or 850.. You'll get the best rate anywhere..

 

[FloridaSun]

Are you picking up from Ft Lauderdale too?

Planning on driving there tomorrow/Tuesday to see if they have cars in stock

I'm picking up in Tampa.. I live in Lakeland.. Ft. Lauderdale is 200 miles from me... I actually used to live in Sunrise a few years ago... and before that in Miami Beach.. Lived in Miami Beach for 4 years and 1 years in Sunrise..

 

[Checkerboard]

I keep reading posts from folks using DCU Credit Union for their low-cost loans - and it seems like many are from California.

Since it's a New England-based credit union, what did you West-coasters do to qualify, to become a DCU member and thus obtain a loan?

 

[chisss]

so out of nowhere today I received an email about signing my NY DTF (yeah.. hehe) 820 tax form which is the form that us CT residents have to sign to not pay NY taxes (because we can’t buy in CT)
Anyway I figure that’s a good sign right? I checked my estimated dates after and they had changed at some point over the weekend from June 4-20 to now June 11-30 so who knows.

 

[maus92]

I did Tesla financing right from the start. It didn’t hit my credit at all. I’ve read here that they only run soft check. But I could be misunderstood about the last part. What applies to me may not apply to you, as I have max credit score.

Hmmm, I did the Tesla financing option, and my credit monitoring service notified me of an inquiry the next day. Chase is the lender.

 

[e143slime8]

I had the same question as I’m in NY where a VIN is required for the insurance info, and my SA said it’s fine to leave that part empty until a VIN is assigned.

NY as well for me, Geico being my insurance. I just called them to get a quote which they will hold for 30 days. I know, from in the past, once they receive the VIN and good to go from me, they'll fax (or whatever they do nowadays) directly to seller.

 

[FasterBlaster]

Hmmm, I did the Tesla financing option, and my credit monitoring service notified me of an inquiry the next day. Chase is the lender.

I had the same when I ordered but from Wells Fargo - 2.49%

 

[Shaka21]

I keep reading posts from folks using DCU Credit Union for their low-cost loans - and it seems like many are from California.

Since it's a New England-based credit union, what did you West-coasters do to qualify, to become a DCU member and thus obtain a loan?

I didn’t apply with Delta Credit Union. I did CDC for the Tesla because with my credit they offered 1.5 for 60 months with auto debit from one of their checking accounts. But I have used DCU in the past and it was easy to become a member all you had to do was be recommended by a member and open a account with $25 dollars if I remember correctly once you do that you can apply for any of there loan products. I got a auto loan from them in like 2012. I’m in Atlanta we have 2 DCU locations. I don’t know if it’s different anywhere else tho

 

[Nolegirl01]

Are you picking up from Ft Lauderdale too?

Planning on driving there tomorrow/Tuesday to see if they have cars in stock

I thought about doing that today but didn’t have time… let me know what you see or find out!

 

[OCJeff]

I keep reading posts from folks using DCU Credit Union for their low-cost loans - and it seems like many are from California.

Since it's a New England-based credit union, what did you West-coasters do to qualify, to become a DCU member and thus obtain a loan?

That was pretty easy. Just donate to one of their causes. $10 for me to join (plus the $5 deposit) but I’m not sure if they ever verified. I’m now a member waiting for a VIN to apply for the loan.

 

[dsandhu]

Hmmm, I did the Tesla financing option, and my credit monitoring service notified me of an inquiry the next day. Chase is the lender.

Mine is listed as U.S. Bank N.A.