Experiences with US Bank for loan?

[BlueWRXPride]

I'm working through the "paperwork" on the tesla site for the order I placed, and I got approval for 2.49% through US Bank. Before I hit the button to commit to using US Bank, I wanted to make sure that people typically have been having good experiences with this bank. I don't expect much, just set up my recurring payment and let it go.

 

[ry-ballz]

They're fine. Easy enough to deal with, and you can do everything online.

 

[Ucsbshawn]

I used them, great experience.

 

[maclean525]

Zero problems. Got the paperwork in the mail 2-3 weeks after purchase, set up an online account, set auto-pay, done, never have to mess with it again.

 

[NBCGLX]

I'm sure they're fine for a routine auto loan, especially if you got it through Tesla. For anyone reading this thread, though, don't use them for home lending!

 

[BlueWRXPride]

Thanks for all the feedback, i went ahead and confirmed with them for the tesla loan.

 

[bro1999]

I'm working through the "paperwork" on the tesla site for the order I placed, and I got approval for 2.49% through US Bank. Before I hit the button to commit to using US Bank, I wanted to make sure that people typically have been having good experiences with this bank. I don't expect much, just set up my recurring payment and let it go.

I used them to finance my Model 3 purchase. My account info popped up in my U.S. Bank app (have a credit card through REI) without me having to do anything.

 

[TBolt]

I wouldn’t change your financing choice based on this, but I always remember how US Bank tricked me into getting a new credit card when I opened a business checking account — US Bank told me it was required to get the credit card and liked about benefits that were available through the credit card. This happened after Wells Fargo was busted for opening accounts without customers’ knowledge.

Anyway, US Bank is just as bad as the worst banks out there. Now I do everything through credit unions, and I’m happy. I got the same interest rate as OP.

Enjoy the Tesla!

 

[TBolt]

required to get the credit card and lied* about benefits…

Is there no edit option on our posts, or is it just a problem of using Safari on an iPad? Thanks.

 

[1.21gigawatt]

zero issues, great app for payment.

 

[buknit]

Got approved too thru US Bank APR 2.49% for my SR+. Back in August I got approved for MY LR thru Well's Fargo but had to cancel my MYLR order.

 

[BlueWRXPride]

How long should I expect to wait before I receive any kind of paperwork on the loan? I picked up the car on 12/3 and have received nothing. I think my first payment is due on 1/15, but I currently have no way to pay it.

 

[BlueWRXPride]

Bump, anyone have personal experience on this?

 

[NoFear99354]

I picked up my car yesterday and already have the option to make the first payment through their website.

 

[BlueWRXPride]

How were you provided the information to do so? Did they email you?

 

[NoFear99354]

Nope, I already have a US bank checking and savings account, so I just logged in to it and saw the loan listed. If you don't have an account I'm assuming you can just sign up for one and will be able to see the loan in there.

 

[BlueWRXPride]

Looks like I need to know my account number to get an account. I guess i'll need to call them.

 

[EngineOut]

Chiming in with my May '21 experience with US Bank - I ended up calling US Bank to get my account number since it'd be 5 weeks or so without receiving anything from them in the mail. They were pleasant on the phone and once I got the account number was able to setup an account online and setup autopay.

I did end up receiving a packet in the mail from them about a week before my first payment would have been due.

 

[BlueWRXPride]

I called and they said my statement was just printed on the 28th, so I should be receiving it in a few days, at which point I'll be able to set up my online account. Thanks for the help!

 

[CaptUAL]

Why not just save up the money and buy it? Would cost you much less?