Financing Tesla vehicles in Canada

[Gdelean]

[email protected]

Thanks!! Wrote them today. Approved! 4.14 72 mo. 1100/ mo.

 

[knowlan]

Thanks!! Wrote them today. Approved! 4.14 72 mo. 1100/ mo.

Congrats! That’s one part of the delivery organization that I find worked well and responded quickly.

 

[Kiyi]

I found the same thing. The financing team was quick on all of their correspondence. Truly the simplest piece of the process

 

[Kruzat]

I found out, 4 buisness days from delivery, that Tesla doesn't finance in Sask or Manitoba. Can this be stickied somewhere? I have almost managed to secure financing through a 3rd party, so I think everything will be ok, but I can't believe I didn't find out until last night (I take delivery Tuesday)

 

[Ledge]

I found out, 4 buisness days from delivery, that Tesla doesn't finance in Sask or Manitoba. Can this be stickied somewhere? I have almost managed to secure financing through a 3rd party, so I think everything will be ok, but I can't believe I didn't find out until last night (I take delivery Tuesday)

That must be a very recent change, as I financed a vehicle through Tesla in Manitoba less than 2 months ago...

 

[Kruzat]

That must be a very recent change, as I financed a vehicle through Tesla in Manitoba less than 2 months ago...

Huh...for a 3?

 

[Ledge]

Huh...for a 3?

It was an S, picked up at the end of July.

 

[knowlan]

Huh...for a 3?

Email [email protected] and ask them they are really good at responding quickly and will give you the correct story.

 

[03DSG]

I’m sure it’s obvious but it’s:

[email protected]

 

[knowlan]

I’m sure it’s obvious but it’s:

[email protected]

Thanks...finger problems.

 

[Kruzat]

Thanks...finger problems.

Email [email protected] and ask them they are really good at responding quickly and will give you the correct story.

Yah, I did that, they did confirm that they do not offer financing in SK...I got it sorted but it should have been communicated sooner.

 

[Scifi_tv_fan]

Incase anyone needs them,
View attachment 332912

Do you have any idea if these rates are still the same for October?

 

[Pescakl1]

Here what I got from Tesla financing:

 

[Koflach]

wow, they've really increased their rates since August.

 

[03DSG]

wow, they've really increased their rates since August.

BoC up .25% last week. Banks moved up their prime. Forecast for more to come. Possibly 3 more quarter point increases through ‘19. Nowhere else to go but up.

 

[KootsChewt]

I was quoted 4.24% today from RBC on a 48 month term. I've asked for the whole table so I can make a decision on which term to take. It's nice that it is a totally open loan so you can prepay whatever you want! Anyone have details on how well that has worked in practice? Do you call up Tesla and tell them how much you want to put on, or RBC direct, or??

 

[Whisky]

I was quoted 4.24% today from RBC on a 48 month term. I've asked for the whole table so I can make a decision on which term to take. It's nice that it is a totally open loan so you can prepay whatever you want! Anyone have details on how well that has worked in practice? Do you call up Tesla and tell them how much you want to put on, or RBC direct, or??

If you have an RBC account you just transfer money to it like any other account. Nice and simple!

 

[KootsChewt]

I was quoted 4.24% today from RBC on a 48 month term. I've asked for the whole table so I can make a decision on which term to take. It's nice that it is a totally open loan so you can prepay whatever you want! Anyone have details on how well that has worked in practice? Do you call up Tesla and tell them how much you want to put on, or RBC direct, or??

Updated for the whole table:
36 - 4.13%
48 - 4.24%
60 - 4.32%
72 - 4.39%
84 - 4.54%
96 - 4.79%

Thanks for the info @Whisky !

 

[Pescakl1]

I was quoted 4.24% today from RBC on a 48 month term. I've asked for the whole table so I can make a decision on which term to take. It's nice that it is a totally open loan so you can prepay whatever you want! Anyone have details on how well that has worked in practice? Do you call up Tesla and tell them how much you want to put on, or RBC direct, or??

Yes, it is as simple as you describe: You tell them approximately on your Tesla account what you want and a guy from finance will contact you (for me, it was all by email), and at that time, you can ask him to twist the numbers the way you want to get either your targeted monthly payment, your financed amount, etc...

Really nice working with them.

 

[Amendale]

I believe with the RBC loan you can also pay off your loan at any time.


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