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I never had to provide proof of insurance….Got another love note from DCU today.
Unlike every bank iand credit union I know, they won't accept your valid insurance card as proof of insurance. You must contact your insurance company and have a copy of the complete policy sent directly to them or they will secure insurance for you.
Another PIA. Just when I thought it was safe to go back in the water, the fun continues.
It's called leverage. When I can sell the vehicle in a year after 17,000 miles for an $8000 profit, I am making more than most of my stocks are right now.Borrowing money just for a car sure costs you! Even with 780+ credit score, you are going to pay $$Thousands extra for the car in interest! I would save up and buy it.
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My first payment is due July 23. I think you said yours was due in August. It's coming. No one financing a vehicle is going to finance it without proof of insurance. Usually, the insurance card will do, but not in the case of DCU, they want the entire policy.I never had to provide proof of insurance….
Only needed to provide it to Tesla
Guess the experience outcome depends on the loan agent. For the vehicles I have financed through DCU all I needed was to upload a copy of the insurance declarations page. Or maybe DCU changed their procedures. ¯\_(ツ)_/¯Got another love note from DCU today.
Unlike every bank iand credit union I know, they won't accept your valid insurance card as proof of insurance. You must contact your insurance company and have a copy of the complete policy sent directly to them or they will secure insurance for you.
Another PIA. Just when I thought it was safe to go back in the water, the fun continues.
sorry to hear about your experience. but it is a nice warning to others.Another love note from DCU. Actually two.
When I spoke to the rep when financing, I asked if the check could be sent to me and if I could take it to Tesla which I am accustomed to doing.
He arrogantly insisted that "We have this process down, we do it every day, we overnight checks to Tesla all the time." I very reluctantly agreed and actually felt intimidated into doing so. Had I received the check, I would have locally taken care of registration and precluded the following.
So here's the rub. Now I get two letters, one, requesting that DCU be listed as the lienholder on the title. I listed them in every place possible, along with my business, which is on the title. They wanted to handle the transaction with TESLA themselves. Well, surprise, I guess they "don't have this process down."
The second letter is requesting a copy of the insurance face page again, which has now been emailed, faxed, and mailed twice. Grrr.
I have copies of all. Remailed, refaxed, and resent, AGAIN~
I am now despising seeing the DCU emblem in the mailbox. Ok? What more?
So now I have to take a half-day and schedule an appointment with DMV. three weeks out, spend an hour waiting because "they got this process down."
Geez! Buyer Beware. Never again. Depressing Credit Union (DCU)
I really should have gone with Navy Federal - My ship has sailed and I have to live with a Yellow Submarine.
Hey, DCU just sent out a letter indicating that they are looking for members to join their Board of Directors (I can understand why others left).
Perhaps I need to get on the Board to straighten this mess out!
Even Wells Fargo and Bank of America are not this inept!
Has anyone tried using: myautoloan??
As for the rates do you guys think it'll keep going up?
DCU and Alliant CU seem to be the popular picks.
What is dcu ? ThanksTesla will give you 2.49% for up to 72 months usually. You can also get DCU for 1.24% for up to 65 months (Not a bad re-if option — this is what I’m doing).
After that it would be PenFed for 1.99% for 72 months I think, or USAA for 1.89% if you have that available to you.
Anyone know Tesla's current rates?I looked it up - credit union - current rates around 3.%
3.75 was of last month. Should keep going upAnyone know Tesla's current rates?
3.75 was of last month. Should keep going up
Yeah I wouldn't be surprised if by the end of the year Tesla rates were 5 to 6% interest and other automakers will probably be 7% 8% maybeI heard it's 4.24% now. I got 3.08 at my credit union but Tesla fcked me yesterday. Got a VIN 2 days ago, scheduled delivery yesterday for the 11th but they called and told me it was a mistake and that the car was an older one for a customer in Tampa (I'm in Atlanta) and now im sure my offer will expire by the time I get another VIN which means another hard pull...
Yikes... figured it would...Fed's Bostic calls for 75 basis point interest rate hike in July
Atlanta Federal Reserve Bank President Raphael Bostic, until recently among the central bank's most dovish policymakers, on Friday said he "fully" supports another three quarters of a percentage point interest rate rise at the Fed's next policy meeting later this month.www.reuters.com
Do you think it'll change before August? How often do auto rates change typically? I guess it depends on when the meetings are with the feds and what comes out of that?If the feds have their way absolutely they're going to raise the rates again and auto rates will go up again for sure sometime this summer
I looked it up - credit union - current rates around 3.%
3.75 was of last month. Should keep going up
I heard it's 4.24% now. I got 3.08 at my credit union but Tesla fcked me yesterday. Got a VIN 2 days ago, scheduled delivery yesterday for the 11th but they called and told me it was a mistake and that the car was an older one for a customer in Tampa (I'm in Atlanta) and now im sure my offer will expire by the time I get another VIN which means another hard pull...
Yeah I wouldn't be surprised if by the end of the year Tesla rates were 5 to 6% interest and other automakers will probably be 7% 8% maybe