Financing Tesla vehicles in Canada

[CdnElec]

Through Tesla/Scotia normal channels

 

[Kylegreenlaw]

Through Tesla/Scotia normal channels

What's your down payment, generalized credit look like?

 

[CdnElec]

I don’t get into these details on public forums but both fall into the normal category.

 

[Sskoh]

Is it better to have a co-signer on the financing for getting better interest rates? FYI, I have a very good credit score but just wanted to get some opinions.

 

[Sskoh]

Just got 5.89% today through Scotia

Did you just go through Tesla financing and they got this rate from Scotia or you had to email Tesla for finding on a better rate?

 

[Kylegreenlaw]

Did you just go through Tesla financing and they got this rate from Scotia or you had to email Tesla for finding on a better rate?

Curious of this as well, as we were offered 6.09, would like to get that down to 5.89.

 

[Hitman68]

I got 6.19% for 72 months though RBC. I have the seen better rates for this week posted above. I have emailed [email protected] to improve their offer.

 

[CdnElec]

Curious of this as well, as we were offered 6.09, would like to get that down to 5.89.

That was my preapproved first offer through Tesla website

 

[Hitman68]

I got 6.19% for 72 months though RBC. I have the seen better rates for this week posted above. I have emailed [email protected] to improve their offer.

Just got a new rate from Scotiabank. 5.73% for 72 months.

 

[Painterdog]

Just got a new rate from Scotiabank. 5.73% for 72 months.

Curious to know, what's your down payment ?

 

[petermap]

Thank you for the info. I was able to get 5.89% 96 months with Scotia

 

[Hitman68]

Curious to know, what's your down payment ?

$15K

 

[Sskoh]

Thank you for the info. I was able to get 5.89% 96 months with Scotia

That’s great! Would you confirm if this rate was after emailing them or you got it directly from financing team.
Also, may I know what the down payment was?

 

[electronoob]

anyone can advise if putting more dp can result in lower interest? or is it vice versa?

 

[petermap]

That’s great! Would you confirm if this rate was after emailing them or you got it directly from financing team.
Also, may I know what the down payment was?

After emailing them. 5k down

 

[-Amanda]

I got a text today saying my VIN should be assigned in 1-2 weeks and to complete financing. I originally applied for financing on Jan 20 so coming close to the 30 day expiry of the rate. I emailed today and awaiting a response.

 

[-Amanda]

I emailed today to find out about current rates and how long my current rate offer was valid for. I had applied Jan 20 and was offered 6.29% for 96 months with RBC. Today I was told that rate was good until 4/18. I then asked if there was anything better and got offered 5.89% with Scotibank for 96 months. I’ve now accepted the offer and hopefully will get a VIN soon.

 

[Kylegreenlaw]

I emailed today to find out about current rates and how long my current rate offer was valid for. I had applied Jan 20 and was offered 6.29% for 96 months with RBC. Today I was told that rate was good until 4/18. I then asked if there was anything better and got offered 5.89% with Scotibank for 96 months. I’ve now accepted the offer and hopefully will get a VIN soon.

What was your down payment? We were offered 6.19% with RBC and 6.09% with Scotiabank for 96 months

 

[-Amanda]

What was your down payment? We were offered 6.19% with RBC and 6.09% with Scotiabank for 96 months

Down payment is 8% of purchase price.

 

[Kylegreenlaw]

Thanks! Just emailed them and got the same 5.89%