My MX delivery date is estimated to be 3rd week of September. I just applied for my car loan today with Tesla and was offered 3.49% for 72 months. Is that a good rate? I'm planning to shop a couple of other credit unions/banks, but wanted to check with forum members that have gone through the financing process recently (within the last 30 days)...
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Financing Offer
- Thread starter MJGolf
- Start date
That’s not bad for 72 months. Anything sub-3% would be good by today’s standards.
A previous poster put together a nice summary of rates available:
Tesla loan comparison spreadsheet - auto updates hourly
Tesla loan comparison spreadsheet - auto updates hourly
I think it depends on which model. I also applied through Tesla yesterday. Mine is 2.74% for 72 months on a 100D.
Thank you so much! You advice just saved me a bunch of money. I sought out California CU and was able to get 2.99% for 72 months. Very pleased! This forum is awesome!
Yes, I think the higher end MX has a better residual value... I would love a bigger battery and more performance, but can’t justify another $19k to upgrade. The switch to EV, at least, the initial hump is very expensive. I’m also getting new roof, in order to get the Tesla solar panel and power walls.
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