Financing Tesla vehicles in Canada

[Ther0ck]

For those of you who took delivery of your cars, if you made a down payment using a bank draft, did Tesla give you a receipt for it? Tesla told me they don't give receipts. A bit nerve racking giving away a draft without any proof, other than the car of course

It's on your contract ?

 

[ElectricPeril]

I'm curious has anyone gotten a CPO from Tesla recently and knows are the rates in line with new ones, or are they in the "normal" used car range of 8%?

 

[HowsMyShot]

If I've done consumer proposal and paid off can I get a loan with 20k down

 

[davys3193]

Does anyone know the branch address for RBC financing? My insurer is asking for lien-holder address ?

 

[Kylegreenlaw]

Does anyone know the branch address for RBC financing? My insurer is asking for lien-holder address ?

Normally they send you that info closer to delivery date. you could also try emailing your sales advisor.

 

[Kylegreenlaw]

What are the interest rates people are getting this month. I see the website advertises a crazy 7.35%-7.20%

 

[wethenorth]

What are the interest rates people are getting this month. I see the website advertises a crazy 7.35%-7.20%

I am also curious. In the past the website usually listed .25-.50 higher than real rates listed here

 

[Murky-Article]

Looks like BMO will not be an option anymore

Link

 

[Oveeus]

I am also curious. In the past the website usually listed .25-.50 higher than real rates listed here

Depending on terms, 7.2 if you go anything under 6yrs, 96mth is 6.9 IIRC.

 

[Colsla]

ordered today. picking up saturday. looks like I am getting 7% for 48 months.

 

[Colsla]

Correction.
I got 6.84% for financing 48 months. 23k down.
credit score: 849.

this thread so quiet now. y'all buying with cash?

 

[IBIubbleTea]

I just ordered and got 6.74% Scotiabank 96 month

 

[electric_lucha]

I live in Quebec and signed in early November for 6.9 with RBC 96 months.

 

[SparksMistborn]

Hi everyone! My wife and I are coming back to Canada after living abroad (UK) for the last 5 years. We want to apply for a lease as soon as we get back. Do you think the 5-year gap in credit history will be an issue?

 

[Destiny1701]

Hi everyone! My wife and I are coming back to Canada after living abroad (UK) for the last 5 years. We want to apply for a lease as soon as we get back. Do you think the 5-year gap in credit history will be an issue?

Depends what your credit was like prior to leaving. I’m a. Mortgage broker so I’m somewhat familiar with clients who are new to the country or are returning with gaps in timelines for recent credit.

Shoot me a PM if you wish!

 

[Colsla]

looks like financing rate went down on Tesla website for at least 3 and y?
72 and lower shows 6.44% and 84 and up shows 6.24%

 

[SparksMistborn]

Depends what your credit was like prior to leaving. I’m a. Mortgage broker so I’m somewhat familiar with clients who are new to the country or are returning with gaps in timelines for recent credit.

Shoot me a PM if you wish!

That sounds great - thank you for the quick reply! I called one of the shops in Toronto last week and they said it should be fine, echoing your response.

 

[Colsla]

any recent datapoints? looks like interest rate slightly went up on Teslas website.

 

[Shikogi]

any recent datapoints? looks like interest rate slightly went up on Teslas website.

Just got 4 year lease for 5.88%

 

[SparksMistborn]

Hi everyone! Can a Canadian returning to Canada from abroad, lease a Tesla and pick it up using a foreign license (UK)? Or, do I have to have the paper one and use that while waiting to reissue the proper license? Turns out Canada cancelled licenses after five years haha.