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Financing options
- Thread starter chmod a+wrx
- Start date
Model S M.D.
Ludicrous Radiologist
Alliant is offering 1.99% for 60 months, 100% financing. This includes a 0.4% rate reduction for automatic payments from any checking account.
pedriscoll
Active Member
I financed with Alliant back in June at the same 1.99%. They were extremely easy to work with; everything was done by email and they worked well with Tesla.
isaax
Follow me on Instagram @izetm3
I financed through California Credit Union . 1.47% for 60 months, 0 down, 100% of the purchase price and the option to defer the 1st payment for 90 days. The 1.47% includes a .5% discount for setting up auto-pay via a checking account with them. I'll be automatically transferring payment from my primary Chase account to the CA CU account, pretty easy to do. An Experian score of 730 and higher is required.
Do take note that the formula CACU uses for calculating your Experian credit score differs from what you would see if you were to pay the $10-$20 one time fee to pull your report from Experian directly. My score direct from Experian was over 800, CACU showed 750 based on their calculations.
Do take note that the formula CACU uses for calculating your Experian credit score differs from what you would see if you were to pay the $10-$20 one time fee to pull your report from Experian directly. My score direct from Experian was over 800, CACU showed 750 based on their calculations.
Model S M.D.
Ludicrous Radiologist
DCU is offering 1.49% (including Tesla discount and direct deposit discount, which must come from your work HR/payroll) for 65 months, max $75,000.
Technology Credit Union is offering 100% financing, 5.5 years, 3.74%, but they are participating in the Resale Value Guarantee
I am leaning towards Alliant, since they have a competitive rate, seem to be the most flexible and easiest to work with (took me awhile to get a DCU agent on the phone).
Hope the information helps others.
Technology Credit Union is offering 100% financing, 5.5 years, 3.74%, but they are participating in the Resale Value Guarantee
I am leaning towards Alliant, since they have a competitive rate, seem to be the most flexible and easiest to work with (took me awhile to get a DCU agent on the phone).
Hope the information helps others.
Last edited:
ssq
Member
I just financed a BMW with DCU for 1.74% , no .5 % EV discount for this one. Will go with DCU for the Tesla next year (X delay reasons). Not sure if these rates will be around then. Also thinking of refinancing my HELOC with them, currently at prime +.5% and annual fee. They offer prime -.25/.5% and no annual fee.
Model S M.D.
Ludicrous Radiologist
I just closed my loan with Alliant and wanted to restate how easy it is to work with them! Everything was done via email and even signed the final loan documents online via Docusign. I didn't have to provide any detailed documentation, tax forms, etc. I was approved almost instantly for the loan.
Alliant is one of Tesla's biggest partners, so they are very familiar with the whole process. They even FedEx'd the check to Tesla within a few minutes of me signing the documents online so that I could schedule delivery asap.
Alliant is one of Tesla's biggest partners, so they are very familiar with the whole process. They even FedEx'd the check to Tesla within a few minutes of me signing the documents online so that I could schedule delivery asap.
McHoffa
CyberOwners
Feds just raised interest rates by 0.25%, so looks like I might not get such low rates next year :crying:
Model S M.D.
Ludicrous Radiologist
Posted above is the rate I got: Alliant is offering 1.99% for 60 months, 100% financing. This includes a 0.4% rate reduction for automatic payments from any checking account.
I got 1.49% for 60 months, 100% finance from Alliant using a promo code that I received in email, I think because I previously had a loan with them. I can't tell if the code is unique to me, otherwise I would share it. It might be worth asking if they have any promos if you apply. It ends 12/31.
Thanks for posting this. We finance with Alliant and will be again in a week or so. I'll have to ask about this.
adiggs
Well-Known Member
Anybody have more recent info / suggestions on financing? By more recent, more Feb 2016 than Dec 2015.
From other comments, I know that I'll be calling Alliant, Point West, and Penfed credit union when the weekend is over. I'd prefer being in the 7 year range than 5 or 6 year range, but I'm not seeing <2% rates at the longer duration.
Thanks
From other comments, I know that I'll be calling Alliant, Point West, and Penfed credit union when the weekend is over. I'd prefer being in the 7 year range than 5 or 6 year range, but I'm not seeing <2% rates at the longer duration.
Thanks
Thistledown
Member
chriSharek
Member
Fantastic. Would you mind sharing the range of that 90% purchase price? I'll be closing next quarter, so I'm guessing rates might be up a 1/4 percent or so.
Isn't there a benefit in using Tesla's direct financing? Isn't that tied to their guaranteed buyback pricing?
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