Financing Tesla vehicles in Canada

[DeathChill]

Are those rates universal? RBC just personally quoted me a much higher rate but it wasn't specifically through Tesla.

 

[manubear]

Updated rates for December.

 

[KootsChewt]

Are those rates universal? RBC just personally quoted me a much higher rate but it wasn't specifically through Tesla.

They are specific to Tesla I believe, based on the language in the contract I just signed tonight. (4.32% 60 month RBC by the way... I wonder why I didn't get the 4.30%?).

 

[NoBeard]

They are specific to Tesla I believe, based on the language in the contract I just signed tonight. (4.32% 60 month RBC by the way... I wonder why I didn't get the 4.30%?).

You did, they just added BC's Carbon tax to the rate

 

[Ashkan]

View attachment 358021

Updated rates for December.

I got quoted 4.76 with RBC, any reason I shouldn't go and ask them to give me the Scotia rate?

 

[MK--]

I got quoted 4.76 with RBC, any reason I shouldn't go and ask them to give me the Scotia rate?

I asked for the scotia rate and they gave it to me without any problems

 

[MikeS1]

I got approved for 3.75 with Scotia last week. Over 60 Months.

I believe 72 months was the same rate.

 

[Muaddid]

I got approved for 3.75 with Scotia last week. Over 60 Months.

I believe 72 months was the same rate.

I was told this weekend when i did a test drive in Mtl that it was 3.75% for up to 72months and 4.25% for 84/96 months with Scotia. Has anyone managed to get better rates thru their regular Bank ?

 

[Scifi_tv_fan]

I was told this weekend when i did a test drive in Mtl that it was 3.75% for up to 72months and 4.25% for 84/96 months with Scotia. Has anyone managed to get better rates thru their regular Bank ?

I just got approved for terms of 4% for 84 months with RBC but I sent them an email inquiring if they are willing to give me the same approved terms with Scotia as I am with Scotia for regular banking

 

[naMalseT]

I've been approved at 3.75% over 60 months through RBC.

 

[Pescakl1]

Rates went down? that is nice for you.

I got 4.01% for 48 month last October.

Are those rates for Model S&X, or for model 3?

 

[KootsChewt]

I've been approved at 3.75% over 60 months through RBC.

Wow did I get the shaft in December at 4.32% for 60 months! One of you got 4% in October and now down to 3.75% a month later... that's aggravating.

 

[phtp]

Wow did I get the shaft in December at 4.32% for 60 months! One of you got 4% in October and now down to 3.75% a month later... that's aggravating.

Could be for model x or s?

 

[naMalseT]

Ouch that sucks.

Wow did I get the shaft in December at 4.32% for 60 months! One of you got 4% in October and now down to 3.75% a month later... that's aggravating.

 

[ChrisP]

Same here. Approved at 3.75% for 60 months for Model 3 AWD through RBC/Tesla. I believe it was 4.5% for 96 months.

 

[Kris2019]

Hi, I bought a Tesla Model 3 early Jan 2019. I got RBC rate of 4.36% for 72 months. Why do they offer these various rates? are you supposed to negotiate? When I asked the Tesla sales person he said this is the best rate. Should I negotiate with RBC or ask Scotia and then perhaps switch? Please advise. Many Thanks!

 

[ChrisP]

Hi, I bought a Tesla Model 3 early Jan 2019. I got RBC rate of 4.36% for 72 months. Why do they offer these various rates? are you supposed to negotiate? When I asked the Tesla sales person he said this is the best rate. Should I negotiate with RBC or ask Scotia and then perhaps switch? Please advise. Many Thanks!

Hello,

Concerning the rates Tesla in partnering with a bank the rates varies depending on how long you will repay back the loan and of course the interest rate at the time you ask for the loan. Also, FYI, my personal bank is RBC and when I called them directly for an auto loan they were quoting me a ridiculous 6.7% for 60 months. The guy at RBC say the lowest rate will always be with the auto manufacturer...

 

[Kris2019]

Hello,

Concerning the rates Tesla in partnering with a bank the rates varies depending on how long you will repay back the loan and of course the interest rate at the time you ask for the loan. Also, FYI, my personal bank is RBC and when I called them directly for an auto loan they were quoting me a ridiculous 6.7% for 60 months. The guy at RBC say the lowest rate will always be with the auto manufacturer...

Hi,
Thanks for the response. I understand the rates will be high going directly with the banks. But how can the loan rate from Tesla be different within a week for the same loan period.

 

[Kris2019]

I got approved for 3.75 with Scotia last week. Over 60 Months.

I believe 72 months was the same rate.

Hi, your rate also looks good. I guess the rates in Toronto are not good because I got 4.36% for 72 months from Tesla Lawrence recently. Anybody bought from Tesla Lawrence recently and got a better finance rate?

 

[yyztcm]

Hi, your rate also looks good. I guess the rates in Toronto are not good because I got 4.36% for 72 months from Tesla Lawrence recently. Anybody bought from Tesla Lawrence recently and got a better finance rate?

I just got a quote back for 3.75% for 60 months, but at yorkdale.
Supposed to pick up the car at Lawrence but still haven't gotten a call for delivery when my guy said they should call today...