Financing options

[bhuwan]

I jumped the gun with Alliant as I don't even have a car available. I wanted to get a head start on the loan application thinking it would be a laborious process. Alliant (loan officer was Scott) actually called me back after 1 business day to offer 1.49% on my loan amount at 72 months. The offer was good for 30 days, at which i would need to re-apply. they sent me an email with what documentation they needed and once all docs were provided, it would take them less than 10 minutes to review and approve. Scott said that would then FedEx the check directly to Tesla a few days before delivery.

Scott's been very busy; he is my loan officer as well. Great person to work with as he has processed dozens of Model S's.

Do you guys have Scott's contact details? is Alliant still offering 1.49 over 72 months?

 

[Alpha]

Do you guys have Scott's contact details? is Alliant still offering 1.49 over 72 months?

Yes the 1.49% for 72 months is still available. You don't need Scott, all the loan officers are great. Go for it!!

 

[bhuwan]

Yes the 1.49% for 72 months is still available. You don't need Scott, all the loan officers are great. Go for it!!

Cool
Thanks!

 

[JPP]

My loan officer at Alliant is Nicole (in Chicago)-direct line 773-462-2041. She is great, on top of things, knows the whole Tesla story, etc. Can't beat the rates or service.

 

[bhuwan]

My loan officer at Alliant is Nicole (in Chicago)-direct line 773-462-2041. She is great, on top of things, knows the whole Tesla story, etc. Can't beat the rates or service.

Thank you much.

 

[TMS_Red]

Hey Bhuwan - Central One Credit Union in Shrewsbury, MA is offering 0.99% for a 4 year loan and 1.11% for a 5 year loan. I called them and spoke to Matt McTigue at 508 841 0512 who took my application over the phone and was able to approve me on the spot. Took a total of 10 minutes.

 

[bhuwan]

Hey Bhuwan - Central One Credit Union in Shrewsbury, MA is offering 0.99% for a 4 year loan and 1.11% for a 5 year loan. I called them and spoke to Matt McTigue at 508 841 0512 who took my application over the phone and was able to approve me on the spot. Took a total of 10 minutes.

Awesome! THanks I'll call them up too

 

[Alpha]

What is their rate for 72 months?

 

[Alpha]

Oh, looks like you have to live in MA in one of their "field of communities" - so I guess I'm out on that one...
http://www.centralfcu.com/home/aboutus/fieldofmembership
That's a terrific rate if you can get it!

 

[bhuwan]

Oh, looks like you have to live in MA in one of their "field of communities" - so I guess I'm out on that one...
http://www.centralfcu.com/home/aboutus/fieldofmembership
That's a terrific rate if you can get it!

"Field of Membership for the community based charter includes persons who live, work, worship, go to school or own a business in the following communities:"

Don't have to just live there...

 

[Alpha]

I stand corrected. But I still don't qualify...

 

[bhuwan]

I stand corrected. But I still don't qualify...

I don't either,sadly

 

[AlMc]

People who have used PenFed.....Does their CarBuying Service include Tesla? That would allow for the best rate at .74%.... The reason I ask is USAA has a similar service but does NOT list Tesla as part of the car buying service so one can not qualify for their best rate. Thanks

 

[Alpha]

My guess would be no. Because the reason they can offer such a low rate is that dealerships are on board with this car buying service and they give a kickback for referrals. Tesla has no dealers.

 

[andrewket]

My guess would be no. Because the reason they can offer such a low rate is that dealerships are on board with this car buying service and they give a kickback for referrals. Tesla has no dealers.

This.

 

[TMS_Red]

Oh, looks like you have to live in MA in one of their "field of communities" - so I guess I'm out on that one...
http://www.centralfcu.com/home/aboutus/fieldofmembership
That's a terrific rate if you can get it!

Sorry Alpha and Bhuwan. I passed this on to Bhuwan thinking that he would qualify as he lives in Massachusetts. I did not realize about the "field of communities". I am taking a 60 month loan at 1.11%.

 

[AlMc]

FYI.....USAA just announced a 1.39% rate for it's members for 3 years; 1.99% for more than 3 years.

 

[Alpha]

Those are some fantastic rates... Congrats!

 

[imjustdave]

Wow ... this is really tempting not sure If I like the idea of a $1000+ car payment every month. but wow this would be a nice car to own....

 

[ZBB]

"Field of Membership for the community based charter includes persons who live, work, worship, go to school or own a business in the following communities:"

Don't have to just live there...

If I was within driving distance, I'd head up there and visit a church or synagogue, donate $25 and ask the pastor/rector/rabbi for a receipt. Then tell them you worship there to open an account and get a loan...