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Financing Tesla vehicles in Canada

alpic007

Member
Apr 26, 2019
65
3
Montreal
Provincial taxes are not included, not all fees appear to be there. I would like to have an idea of what the final pricing looks like.
I have seen people posting their final pricing here which is why I asked.
 

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martind3

Member
May 14, 2019
178
60
Ottawa
Quick Question - my financing approval just showed up and it is with RBC. Assuming the rate isn't worse, I'd prefer Scotia because I already do business with them. Do I just call Tesla and ask if they can get approval with Scotia? Also, since I think it's unlikely that I'll have y car before the 30 day approval expires, does it even matter at this point?
 

AtlasTracer

Member
Feb 4, 2019
68
20
Victoria, BC, Canada
Quick Question - my financing approval just showed up and it is with RBC. Assuming the rate isn't worse, I'd prefer Scotia because I already do business with them. Do I just call Tesla and ask if they can get approval with Scotia? Also, since I think it's unlikely that I'll have y car before the 30 day approval expires, does it even matter at this point?

I had the same case (primary banking with Scotia). I emailed the Tesla finance team (email should be on that page somewhere) and asked. They immediately flipped me over to Scotiabank no issue.
 

martind3

Member
May 14, 2019
178
60
Ottawa
I had the same case (primary banking with Scotia). I emailed the Tesla finance team (email should be on that page somewhere) and asked. They immediately flipped me over to Scotiabank no issue.
Thanks - did the same and it took them less than 10 minutes to respond that they moved me to Scotia. Same terms.
 

AtlasTracer

Member
Feb 4, 2019
68
20
Victoria, BC, Canada
Thanks - did the same and it took them less than 10 minutes to respond that they moved me to Scotia. Same terms.

I actually found the finance team were more responsive than my DA. So I ended up asking them to set the down payment amount etc. My mistake was emailing my DA a week later and asking her to update my down payment amount. When I showed up for pickup it wasn't updated.

So. Get the finance folks to do it.
 

raviman8

Member
May 15, 2019
94
16
Ajax
For people that took delivery recently, what are the interest rates for 72 months and 96 months?

i got 4.09% over a 84 month term (with RBC). with $19000 as my down payment (no trade in) and IMO pretty darn good credit rating too, and a customer with RBC as well (credit/banking/mortgage/investments...).
 

technoobie

New Member
May 30, 2019
3
1
Montreal
Hey guys, so I did my financing with RBC and got a really high interest rate of 7%+, which makes sense for my age. However, I can get the car co-signed with a family member which I am assuming will lower the rates? If it can lower the rates, how do I apply to get it co-signed? My delivery date is like in 1 or 2 days (not because I procrastinated, the delivery date moved up), so any help would be appreciated!
 

03DSG

Active Member
Apr 5, 2016
2,144
2,446
Ontario
Hey guys, so I did my financing with RBC and got a really high interest rate of 7%+, which makes sense for my age. However, I can get the car co-signed with a family member which I am assuming will lower the rates? If it can lower the rates, how do I apply to get it co-signed? My delivery date is like in 1 or 2 days (not because I procrastinated, the delivery date moved up), so any help would be appreciated!

To clarify you financed through Tesla and RBC gave you that rate? Or did you apply directly to RBC?
 

technoobie

New Member
May 30, 2019
3
1
Montreal
I financed through Tesla. I called my advisor and he said that I have to manually add the co-signer. I'll give you guys any updates so if anyone falls into my category, hopefully this helps them out.

Otherwise, what other means would you suggest for me to lower my interest rates? I can definitely afford the Tesla (I pay more gas than the "4%" financing of the vehicle), so it's just a matter of trying to get a decent interest rate on the car.
 

technoobie

New Member
May 30, 2019
3
1
Montreal
I financed through Tesla. I called my advisor and he said that I have to manually add the co-signer. I'll give you guys any updates so if anyone falls into my category, hopefully this helps them out.

Otherwise, what other means would you suggest for me to lower my interest rates? I can definitely afford the Tesla (I pay more gas than the "4%" financing of the vehicle), so it's just a matter of trying to get a decent interest rate on the car.
Update on my situation.

Turns out it was an error on the Tesla website. My rate is in line with all the others, 4.09% 96 months RBC or 3.59% 72 months.
 
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