Frickin' gorgeous. Cannot wait for mine!!! GO AWAY, COVID19!
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Finance Rate Went Down
- Thread starter obana1990
- Start date
I emailed [email protected] last night and got a response this morning confirming if I wanted another credit check, which I’m ok with since it’s within 14 days of my original app. Waiting to hear back, hopefully be in the mid 2’s like others here.
Fobia
Member
I got 2.75 with Teslas US Bank (60 months). Should I agree to the terms now that the plant is closed? I ordered a AWD MSM with gemini wheels. I am still to see any AWD with 19" gemini wheels in the wild.
noshadow
Member
I just submitted my application for the loan. Do I need to email them to ask for other banks like US Bank? Or will they find the lowest one for me?
Hoping to get a Model Y, which would replace my Model 3. For reference, I had US Bank for the model 3. When I submitted the application for the Model Y, I received the same Wells Fargo 3.25%, rather than an offer from my current US Bank. I emailed them this time, to see if I can go with the same bank I’m currently using. Looking to see how others make out in this thread.
They use Wells Fargo, I don't believe there is any shopping around when using Tesla Loan. You can find your own if you want and use that.
Edit: Some comments say US Bank so I could be wrong. My offer came in from Wells Fargo at 2.99% on Monday.
As mentioned earlier, Tesla originally “assigned” financing via Wells Fargo. Less than 30 minutes after sending their finance team an email requesting they also check chase and US Bank, I received an email response stating my online checklist change from Wells Fargo to chase, and .5% lower. I was honestly very impressed.
FredMertz
Member
This isn't an innocent practice or an example or rates dropping quickly -- this is Tesla making extra bucks off a higher than market loan rate. Wells can offer 2.99 and if Tesla can get you to sign on for 3.25 they pocket the difference.
Classic dealership trick.
Classic dealership trick.
RoBoRaT
PoPeYeD'SaiLoRDuDe
And if you are/were Senior Enlisted - they give 1% off, so 1.29% if you qualify.
I got the same thing. Originally had 2.99% through TD Auto Finance, emailed them to see if Chase had better rate. They emailed me back a couple hours later asking for further proof of residence, then confirmed the 2.59% for me through Chase
DennyL
Member
Mis information. Yes you can shop with Tesla, they use multiple banks. First Tesla offered me 3.25% with Wells Fargo, I ask them to check with US Bank and they came back counter offer 2.75%. I saw others getting much lower with Chase, I requested them to send my application to Chase, guess what...now have a much lower rate via Chase at 2.69%. Wait.. I did not stop there, I am now locked in at 2.20% 72 months via Tesla through Chase via rate match with another credit union. If you are happy with Wells Fargo that is fine. But, you do have 3 options through Tesla. Wells Fargo, US Bank and Chase.
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DennyL
Member
I had provided the email on earlier post. Send email requesting US Bank and Chase rates. It never hurts to try which I did, and resulting with much lower rates.
How’d you get them to go down to 2.20? Email [email protected] saying “I got a better rate somewhere else”?
Thank you so much for this thread. I emailed [email protected] about rates and they don't wanna budge from 2.99%. granted I haven't yet submitted actual loan application but that's because I'm waiting for trade in valuation.
But definitely gonna be looking for better than 2.99% rates that people are getting. Awesome 2.29% rate. I bank with Chase, so hopefully they can give me similar deal.
But definitely gonna be looking for better than 2.99% rates that people are getting. Awesome 2.29% rate. I bank with Chase, so hopefully they can give me similar deal.
