I'm finalizing the specifics on order my P3D (Black Obsidian Pearl with EAP) and am rather befuddled with the loan process when choosing an outside lender. Below are the specifics for my particular scenario:
84 | 3.74% | $922
72 | 3.7% | $1034
I'd just go with Tesla, except I'm more interested in an 84 month loan instead of the 72 (Before I get berated over this, it's just my preference. I keep vehicles for long periods of time and trust in the reliability of EVs), plus the extra $112, though affordable, pushes me over what I want to comfortably spend.
I looked into Alliant, but was saddened to learn that they don't service my state (Pennsylvania) for Tesla loans.
A lot of what I'm finding is that it's difficult to find a lender to secure financing that would last the 2-4 months quoted for delivery. Most expire within 45-60 days of quote, meaning that I would have to apply later in the buying process and risk not being approved. I don't expect life to change enough to change an approval into a deny, but my store reps were unable to tell me if the $2,500 reservation would be refunded if a VIN has been issued, and that's not exactly chump change.
Recommendations on how to approach the financing aspect or recommendations on a trusted credit union (or one that works with Tesla) that finances on 84 mo terms?
(x-posted on Reddit in case you couldn't tell)
- Vehicle: $70,500
- Taxes: $4,230
- Delivery: $1,200
- Sub-total: $75,930
- Reservation: -$2,500
- Down payment: -$5,000
- Total Financed: $68,430
84 | 3.74% | $922
72 | 3.7% | $1034
I'd just go with Tesla, except I'm more interested in an 84 month loan instead of the 72 (Before I get berated over this, it's just my preference. I keep vehicles for long periods of time and trust in the reliability of EVs), plus the extra $112, though affordable, pushes me over what I want to comfortably spend.
I looked into Alliant, but was saddened to learn that they don't service my state (Pennsylvania) for Tesla loans.
A lot of what I'm finding is that it's difficult to find a lender to secure financing that would last the 2-4 months quoted for delivery. Most expire within 45-60 days of quote, meaning that I would have to apply later in the buying process and risk not being approved. I don't expect life to change enough to change an approval into a deny, but my store reps were unable to tell me if the $2,500 reservation would be refunded if a VIN has been issued, and that's not exactly chump change.
Recommendations on how to approach the financing aspect or recommendations on a trusted credit union (or one that works with Tesla) that finances on 84 mo terms?
(x-posted on Reddit in case you couldn't tell)