Exact cost and financing info

[Recumpence]

Your math is wrong. 10% of $56,000 is $5,600. Then taxes and fees are $4,610. That totals $10,210.

Matt

 

[atlas310]

Your math is wrong. 10% of $56,000 is $5,600. Then taxes and fees are $4,610. That totals $10,210.

Matt

Well what I was getting at was if the taxes and fees were included in the loan amount, but apparently not so I guess that answers my question.

 

[frakina]

I went through Tesla financing got 2.99 for 72 months. I didn't like the rate, and shopped around. The lowest I could find in SoCal was 2.3 for 72 months or 1.89 for 36 months with California Credit Union. If anyone else finds a better deal, please let us know. Thanks!

I found 1.99% for 66 months from SD Metro Credit Union, but it's only for those in San Diego with a few exceptions.

 

[SlicedBr3ad]

For those newcomers who are curious about the numbers, I have my financing arranged and I wanted to share the exact cost for me;

Car cost $56,000 (long range, PUP, AAP, white color, standard wheels).

$1,000 deposit paid 3-31-16
$2,500 order payment paid 2-22-18 when the car was configured
$6,710 required at signing/delivery
$771 payment for 72 months at 3.24% interest

Not cheap for sure. But, the roughly $10k I have cumulatively put down is in line with my exhortations as is the monthly payment. The only real surprise wad my insurance. I have American Family and I was assured $134 per month. That is, far and away, the highest I will have ever paid, and I have a good driving record, 4 cars insured with them, as well as two houses and my business insured with them. So, I have multi-policy discount. That being said, this car is twice the cost of my previous car and only 45% higher insurance. So, I guess it is not terrible.

Matt

For the payment, what was, if any, requirements? Did they accept personal checks with no name, cashier check, credit?

 

[Recumpence]

Cashiers check our ACH payment. No credit cards for the $6,710 due at signing.

 

[myblubu]

I got 72 months at 2.58% from Delta Community Credit Union in February but they are running a loan special now during the month of April so rates are lower (1.98% up to 60 months and 2.48% for 72 months, 2.98% for 84 months). This is for new OR used cars. I just refinanced another car with them from another bank and was able to reduce the remaining term with the same payment.

You can get $50 for joining through a referral link, details in a post in another thread: Let's talk financing rates

Regarding insurance, I just got my renewal and looked at my rate for the 3 and it was $259 for 6 months, a little lower than the rate for our S and X. I was pleasantly surprised.