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My account was showing 4.25% 96months from Scotiabank (approval done end of March). Stayed that way in April until this week when I finalized my down payment amount with Finance team via email.
When they updated the down payment amount it also changed my finance rate to 4.04% from Scotiabank.
Of course my delivery date is set for early May and my pre-approval was good for 30days. So will expire before then and need to be renewed.
When they updated the down payment amount it also changed my finance rate to 4.04% from Scotiabank.
Of course my delivery date is set for early May and my pre-approval was good for 30days. So will expire before then and need to be renewed.
Through RBC? That looks lie Scotia's April rate:
From my conversations with Tesla today - I would say this is also the rate for May.
RBC is matching Scotia - fyi.I just got approved for 72 months at 3.59% from RBC. 4.25% if 84/96 months.
Quick question just in case someone else did this:
I was thinking of meeting with my bank and get a car loan that would cover everything: charger, deposit etc. Then I would file for the Federal and Provincial incentives and pay that back.
Has anyone used this approach? Any advice?
I currently drive a Kia Soul EV 2016 and was looking towards the Soul EV 2020. It looks like it will be cheaper but if I buy the Model 3 that would be the car. I mean that would be it, I would drive it until it dies. I feel I cant do this commitment with Kia. My current soul is a lease.
I was thinking of meeting with my bank and get a car loan that would cover everything: charger, deposit etc. Then I would file for the Federal and Provincial incentives and pay that back.
Has anyone used this approach? Any advice?
I currently drive a Kia Soul EV 2016 and was looking towards the Soul EV 2020. It looks like it will be cheaper but if I buy the Model 3 that would be the car. I mean that would be it, I would drive it until it dies. I feel I cant do this commitment with Kia. My current soul is a lease.
Im
Sorry to hear that! I’m with BMO and car loans is a pretty standard product of them.
ATC@LWSK
Member
I got a call from Tesla today telling me my request for SR+ financing has been declined by both lenders (RBC and Scotiabank), due to my temporary resident status in Canada (my family is here on a work permit, and we've applied for a PR, but still waiting). I was offered to either have a co-applicant who's a citizen or PR on my loan application, or cancel the order, get the deposit back and make a new order once I obtain a PR status. I am a bit bummed but will cancel this order and wait a few months before placing a new order.
How long did it take for approval? I ordered Friday and have not heard anything yet.
My financing was approved and visible within an hour or so on the Tesla My account website.
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