Financing Tesla vehicles in Canada

[Blue2020]

Should I be anticipating a sizeable drop?

Maybe email and cc your SA? I would assume he or she will email financing for you. As long as it’s done before delivery. No big deal.

Yes, that makes sense! Should I expect a sizeable drop? I know yours went down by .15 which is great but the more the merrier! lol

 

[ZachGil]

Should I be anticipating a sizeable drop?


Yes, that makes sense! Should I expect a sizeable drop? I know yours went down by .15 which is great but the more the merrier! lol

Depends on the term. Right now I was told the lowest for 96m is 3.6%. Which is what I’m at.

 

[Blue2020]

Depends on the term. Right now I was told the lowest for 96m is 3.6%. Which is what I’m at.

Thanks bro! Let's see what they get back to me with. I'm guessing it doesn't really make that much of a difference in payment with a drop like that? I'm at 3.87 right now over 96 Months.

 

[ZachGil]

Thanks bro! Let's see what they get back to me with. I'm guessing it doesn't really make that much of a difference in payment with a drop like that? I'm at 3.87 right now over 96 Months.

.15% drop when I was a 3.75% was a savings of just over 10$ a month or about $1200

 

[yeedub]

There is. Just register on Scotiabank's website.

Scotiabank Personal Loans | Scotiabank Canada Is it this website? Activate Scotia Online?

 

[kchan]

They have updated my rate to 3.25 with RBC 72months

 

[Blue2020]

They have updated my rate to 3.25 with RBC 72months

Sickkkkk. Doubt my 96 months 3.87 drops to that level

 

[Flawless22]

I got 3.72 from Scotia 96 months! a .15 drop from previous.

 

[Blue2020]

I got 3.72 from Scotia 96 months! a .15 drop from previous.

I can see myself getting the same as you! Should know by tomorrow

 

[kchan]

Sickkkkk. Doubt my 96 months 3.87 drops to that level

they might drop the rate by another .5 in the coming months due to the virus outbreak.

 

[Blue2020]

they might drop the rate by another .5 in the coming months due to the virus outbreak.

Yes but I think I'll get my car by then. Unless I defer....

 

[ModalYYJ]

are you guys financing FSD with your purchase? Or for those ordering Model Y, are you purchasing FSD afterwards? I am in BC and thinking buying FSD afterwards would result in less luxury tax (15%). or should i just roll FSD into the financing and say fk it?? Lol

 

[Blue2020]

are you guys financing FSD with your purchase? Or for those ordering Model Y, are you purchasing FSD afterwards? I am in BC and thinking buying FSD afterwards would result in less luxury tax (15%). or should i just roll FSD into the financing and say fk it?? Lol

Not getting FSD myself - yet anyways.

 

[Blue2020]

Heard back from Tesla Finance and they've adjusted my rate to 3.6 (previously 3.87) for a 96 Month term. Through Scotia!

 

[tselaTO]

Tesla Finance resubmitted my application last Friday but still no adjustment for me. I am 3.4 for 48 months.

 

[zwz002]

Scotiabank Personal Loans | Scotiabank Canada Is it this website? Activate Scotia Online?

Yes, basically sign up for the online banking.

 

[embeddedme]

Emailed Tesla finance as suggested yesterday and got 3.75% --> 3.6% change for 96 months with RBC, thank you everyone!

 

[tselaTO]

How are we supposed to pay for our downpayment? My delivery is next friday and I still don't know

 

[anandoc]

How are we supposed to pay for our downpayment? My delivery is next friday and I still don't know

Bank draft.

 

[Lesterc]

I have a rookie question,

I see alot of people here picked alot of different term lengths for the loan. Curious if people that picked 96month plan to keep it for that long? I am potentially planning to do a tradein after 4 years or so, I like the appeal of course of the 96month monthly payment however would a 48month be better even with the high monthly? Or i saw someone here mentioned they plan to do a 72month and do extra payments to help pay the premium off faster and less interest. Anyone have other tips and tricks to get the best value?