Energy Savings Trust loan for Model 3

[Jellus]

I sent in my final invoice last week (Thursday), got the email today (Friday) saying it had been paid. Hoping to see the cleared funds in my account early next week.

 

[Jellus]

BTW anyone got any insight into the total funding pool available for these loans? I assume there is a limit; must be many tens of millions.

 

[Avendit]

BTW anyone got any insight into the total funding pool available for these loans? I assume there is a limit; must be many tens of millions.

there is a limit, check the energy saving trust pages for the number. They were no where near running out last year (but well, leafs....). Now the 3 is here they may do better this year.

Which shows good demand, which is also good...

 

[ediflyer]

I'm at the other end, loan all approved but might run out before my 3 gets delivered :-(. Feels that way at least.

I think it was about 12 days for approval for me.

Have you got final invoice yet to get claim in? You then have 60 days from when you receive funds to pay them to Tesla and show EST your bank statement.

 

[S3XYtesl4]

Thanks All, atleast not alone , fingers crossed the funding pool doesn't run out too soon, think the m3 will keep them busy. I remember seeing it was limited but can't remember the amount. @Avendit hope you get delivery soon.. Will be good to see a few on the road in Scotland.

 

[Alan J]

BTW anyone got any insight into the total funding pool available for these loans? I assume there is a limit; must be many tens of millions.

Me to sent them my Final Invoice on 01/08 and got the Funding Email today 09/08, all pretty easy just need a Collection Slot now hopefully next week.

 

[ivangr]

BTW anyone got any insight into the total funding pool available for these loans? I assume there is a limit; must be many tens of millions.

from gov.scot

In 2018 to 2019 we increased the Low Carbon Transport Loan (LCTL), also known as the Electric Vehicle Loan, from £8 million to £20 million.

 

[Alan J]

from gov.scot

In 2018 to 2019 we increased the Low Carbon Transport Loan (LCTL), also known as the Electric Vehicle Loan, from £8 million to £20 million.

At £35K each I make that 571 M3s !

 

[Avendit]

Have you got final invoice yet to get claim in? You then have 60 days from when you receive funds to pay them to Tesla and show EST your bank statement.

Not even a vin in source or specific text yet :-(. Damn towbar.

It'll get there. Current car is fully paid off and working fine, I just feel bad about the fumes.

 

[Rob R]

A week after they got my final invoice, EST confirmed they had sent the payment (that was yesterday), but they will not do a CHAPS transfer, even if you offer to pay the fee, so with BACS I expect funds in my account probably on Tuesday.
No word of an appointment to collect the car yet, my Invoice says 15/8, which actually would work fine I think. Will it get over the line smoothly???

 

[dst87]

A week after they got my final invoice, EST confirmed they had sent the payment (that was yesterday), but they will not do a CHAPS transfer, even if you offer to pay the fee, so with BACS I expect funds in my account probably on Tuesday.
No word of an appointment to collect the car yet, my Invoice says 15/8, which actually would work fine I think. Will it get over the line smoothly???

My loan was paid on 31st August. On 1st July Monzo showed that funds would be cleared the following day, and indeed they were there as cleared in the afternoon on the 2nd.

You’ll have plenty of time. I paid Tesla via Faster Payment and saw the payment reflected in the source code of my account the following day.

 

[Jellus]

My loan was paid on 31st August. On 1st July...

Would you like to try again?

 

[Roy W.]

Would you like to try again?

@dst87 has converted this to TeslaTime for us all

 

[dst87]

Would you like to try again?

Ooops! Yeah switch those months! Loan paid 31st July. In account 2nd August.

 

[Jellus]

I sent in my final invoice last week (Thursday), got the email today (Friday) saying it had been paid. Hoping to see the cleared funds in my account early next week.

Funds cleared this morning (Tuesday).

 

[ediflyer]

Ditto

 

[MorayEVGuy]

I sent my final invoice to EST last Monday, haven't heard back from them yet, but going by the guys above hopefully today or tomorrow.

 

[ediflyer]

Yep fingers crossed you'll get an email in the next 24h or so and money by later this week!

 

[craigdi]

So, has anybody had to ask for a EST loan extension. My offer expires 30th Sept? Not heard a peep from Tesla and no VIN in Source. I have seen people have delivery texts up to mid Sept so starting to wonder if any chance of delivery in Sept has gone.

 

[Jellus]

So, has anybody had to ask for a EST loan extension. My offer expires 30th Sept? Not heard a peep from Tesla and no VIN in Source.

I asked what would happen if I hadn't heard anything by 30 Sep, and they replied saying they could be flexible and would try to accommodate any delays. All they need by the 30 Sep deadline is the final invoice, and then once the loan is issued you have another 60 days to provide proof of purchase.