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Delivery Question (Bank Draft)

Discussion in 'Model 3: Ordering, Production, Delivery' started by nando2323, Jul 16, 2018.

  1. nando2323

    nando2323 Member

    Joined:
    May 15, 2018
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    Location:
    Rhode Island
    I have a question for those of you that took delivery with a Bank Draft. My appointment is for next week and I have a bank draft along with "cash" down payment to bring with me. The Bank Draft is basically a blank check (pre-approval) for my loan that needs to be filled out at pickup and bank called for a PIN. Has anyone had this situation at delivery? Was it pretty straight forward? I asked the ISA about it and he seemed like he personally dealt with these, and there should be no issues. I just want to be in and out as fast as possible since it's going to be a 3 hour drive to my delivery location. Thanks for any advice.
     
  2. Mxbzz

    Mxbzz Member

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    Mar 11, 2018
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    Location:
    Bay Area, CA
    Navy Fed does this. Very painless. My delivery specialist had me write each item line by line on the check before signing it, and whoever was in charge of securing the funds for Tesla (in the back room) made the call to get the PIN. Took an extra few minutes but it went smooth.

    If it’s a large credit union like Navy FCU they hotline is probably open everyday. Just confirm that your credit union will accept calls during your delivery time— if it’s during normal operations for a car dealership, you're going to be fine.
     
    • Like x 1
  3. nando2323

    nando2323 Member

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    #3 nando2323, Jul 16, 2018
    Last edited: Jul 16, 2018
    Yup mine is Navy Federal. Good to know. I was really mostly worried about them being like. Oh we have to wait for this to "clear" or something along those lines.
     
  4. EerieP

    EerieP Member

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    May 7, 2018
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    Location:
    Seattle
    Somewhat related, when using Navy Fed do you select 3rd Party Financing or Cash in the tool?
     
  5. alpinebum1

    alpinebum1 Member

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    Location:
    Maryland
    My credit union gave me a check to fill in too. My ISA said that was fine.
     
  6. nando2323

    nando2323 Member

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    Location:
    Rhode Island
    I would do 3rd Party Financing since I did cash by mistake and it was a nightmare changing the paperwork to be correct.
     
    • Informative x 1
  7. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

    Joined:
    Jul 12, 2012
    Messages:
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    Location:
    Maine
    Definitely 3rd Party Financing.

    Navy Fed will be the primary lienholder and will receive the title, so Tesla will need to know their name and address for the title application.
     
    • Informative x 1

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