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The first payment is monthly, however once you have the loan you can change it do no-weekly through the banks online portal. We just did this
I got approved by BMO 6.15%@96mth on May 5th, was told Scotia is 6.06% and RBC is higher for this month. Tesla rep told me that I don't need to accept the offer until I have a firm delivery date. Until then, I can do another loan application and hope for better rate at that time. Is it true that not accept the loan offer will NOT affect the delivery date?
The best method is to accept and not risk having the delivery date delayed, unless you are going to be financing outside of Tesla. Even if you accept it you can ask for a better rate closer to delivery. Usually rates change beginning of every month. If it has been over 30 days though, your current rate expires and a new rate will automatically be applied at delivery. I had originally accepted 6.39% in March but was able to get it reduced to 5.75% in April even after accepting it.
I was previously at 5.89 when I first applied in February, unfortunately my rate expired and this week they quoted me 6.09.
holy crap, i got my financing at 2.8 or something a year ago. my mortgage renewal is only 4.39% atarting the end of the month.
Always an issue when it the only account you have with RBC. Call them. I have a few times. Great to deal with on the phone. 1 800 769-2555
Rates might go up next week, make sure you apply for a loan and lock in your interest rate. You can always get a lower rate (if available) before taking delivery by emailing Tesla Finance.
Applied today for a loan via Tesla and got 6.06% from Scotia. Hoping for a rate drop in June before delivery!
Good idea to apply today cause if rate goes up in June u sitting good with the 30 day window..
Maybe a weird questions but I can't find any answer on Google.
I'm currently applying for a car loan and I was wondering if my wife's salary should be included in anyway?
Do I say my mortgage is half of what it really is since she pays half of it?
Or do I just act as if I will pay the both the car and the house on my own salary ?
I'm currently applying for a car loan and I was wondering if my wife's salary should be included in anyway?
Do I say my mortgage is half of what it really is since she pays half of it?
Or do I just act as if I will pay the both the car and the house on my own salary ?
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