Financing Rates on Y?

[Kobicue]

I believe Tesla will match anything as long as u have the other lenders offer in writing.

 

[NY_Rob]

Talk today of the FED lowering the prime borrowing rate a full percentage point... that should shake things up I imagine.

 

[Dwayne Hicks]

Sharing info I came across on /Reddit. A user there indicated a 60 month 1.99% rate with Everence CU. On going to their site, they indeed advertise a 2.49% rate with a .5% discount for green vehicles. I will definitely be checking them out when my time comes.

 

[Slumpey326]

I dont know if people should be getting loans just yet. Besides the first batch that is probably out for delivery two customers within the next week or two I would think as the pandemic gets worse likely soon the Fremont plant will halt building vehicles. Works will need to stay home.

 

[feigen66]

If Giga Shanghai can operate at the height of COVID-19, Giga Fremont will figure out how to operate.

The building is massive. The workers can easily split in 1m apart, which is recommended.
It's not like the workers are packed in there in a satin can.

 

[LAFA]

Tower, Everence, and NC SC/Sharonview have rates below 2.5%. I was looking at 36-48 month rates/

Loan Rates - Tower Federal Credit Union
Auto and motorcycle loans
NC, SC Credit Union Loan Rates | Sharonview Federal Credit Union

Please advise; this is my first new car auto loan:
Do automobile loans have:
1. processing fee
2. early termination penalty
3. other hidden costs

How does one furnish proof of insurance pre-delivery without VIN which is needed to obtain coverage?

Many thanks.

Smiles,
/Leslie Ann

 

[Klau2]

No, should be no to all your questions. Can't speak for all the banks out there, but most reputable banks won't have any of those thing you asked for an auto loan.

Tower, Everence, and NC SC/Sharonview have rates below 2.5%. I was looking at 36-48 month rates/

Loan Rates - Tower Federal Credit Union
Auto and motorcycle loans
NC, SC Credit Union Loan Rates | Sharonview Federal Credit Union

Please advise; this is my first new car auto loan:
Do automobile loans have:
1. processing fee
2. early termination penalty
3. other hidden costs

How does one furnish proof of insurance pre-delivery without VIN which is needed to obtain coverage?

Many thanks.

Smiles,
/Leslie Ann

 

[LAFA]

No, should be no to all your questions. Can't speak for all the banks out there, but most reputable banks won't have any of those thing you asked for an auto loan.

So I could take out a loan for X months but pay off in Y - just the remaining principal?
Thanks.

 

[5513MKII]

Is there an active thread where people are discussing rates? I did a quick search but failed to find. In any event, Tesla financing just offered me 2.29 via Chase, which seems better than what had been offered at the time of the above thread. Obviously I know #coronavirus and all.

 

[Croathlete]

Is there an active thread where people are discussing rates? I did a quick search but failed to find. In any event, Tesla financing just offered me 2.29 via Chase, which seems better than what had been offered at the time of the above thread. Obviously I know #coronavirus and all.

For what term? Best I've been able to get is 72 months @ 2.29% through Navy Fed. Didn't even bother with Tesla, but after seeing your rate I might try it out.

 

[Larryfl1]

I received 2.3 via chase 72 months from Tesla. I asked the sales rep to look into a better rate and they reduced from 2.9 to 2.3

 

[5513MKII]

60 months for mine

For what term? Best I've been able to get is 72 months @ 2.29% through Navy Fed. Didn't even bother with Tesla, but after seeing your rate I might try it out.

 

[azjohn]

I think you have to be active military to use Navy FCU... right?

Or be a DOD employee

 

[holysmoke17]

I initially received 2.99% for 72 months from Wells Fargo via Tesla yesterday. I asked them to check Chase and they came back with 2.24% for 72 months.

 

[MrTuna]

I initially received 2.99% for 72 months from Wells Fargo via Tesla yesterday. I asked them to check Chase and they came back with 2.24% for 72 months.

Tell me how this works? So you just apply 1 time for a loan through Tesla? Then you tell Tesla to go quote different banks? Or you go on your own to 5 different banks (at the cost of 5 credit pulls)

 

[K72V426]

Well after reading this I sent an email out to Tesla Finance a bit ago saying that I would like them to check with Chase as well as I had noted several others had obtained better rates. I got an alert a few minutes later on my credit that Chase had ran my credit and then an email from Tesla Finance requesting a most recent paystub. Guess I'll find out what they offer shortly. I was given 2.75 through US Bank when I initially applied 2 months ago.

 

[holysmoke17]

Tell me how this works? So you just apply 1 time for a loan through Tesla? Then you tell Tesla to go quote different banks? Or you go on your own to 5 different banks (at the cost of 5 credit pulls)

I applied through Tesla and after I got the initial quote from Wells Fargo I emailed [email protected] and asked them to check Chase.

 

[K72V426]

I applied through Tesla and after I got the initial quote from Wells Fargo I emailed [email protected] and asked them to check Chase.

Do you recall how long it took to get back to you?

 

[K72V426]

Well Tesla got back to me w/ a Chase offer of 72 months, 2.39% APR. Better than before. I'll probably refinance down to 60 months after I apply the CO tax credit.

 

[HeyEph]

Can you request the lower rate from Chase before accepting the current offer? I don't want to take delivery yet, but want to lock in the lower Chase rate...