Financing Tesla vehicles in Canada

[sando]

Oh wow!! Thanks for that info. Yes, please let us know the Scotiabank rate.

djino

Just heard back from Tesla, the Scotiabank rate with same downpayment and term came back as 3.99%. So definitely sticking with RBC, at 2.8%

 

[Malaromane]

Was just confirmed at 2.8%. Didn't even bother checking with Scotiabank since I'm an RBC client anyway and I like being able to see all of my accounts via one interface.

 

[SimonQ]

I'm currently at around 7 months with RBC with a rate of 3.45%. Is there anyway to change to the new lower rates (2.8%) that I'm seeing everyone have? I assume there would be some sort of fee to break the current rate in order to get it? Does anyone have any experience and is that worth it?

 

[kevchan]

I'm currently at around 7 months with RBC with a rate of 3.45%. Is there anyway to change to the new lower rates (2.8%) that I'm seeing everyone have? I assume there would be some sort of fee to break the current rate in order to get it? Does anyone have any experience and is that worth it?

I would call RBC and ask if there's any way to get a lower rate as a start. They might say Yes right then and you'll save yourself time and effort.

 

[sando]

Looked at order information just now, picking up car tomorrow and it looks like they automatically adjusted my rate with RBC, now showing 2.35% for 72 months on a CPO. Amazing rate.

 

[frontalot]

I was offered 2.35% from Scotiabank.

 

[djino]

I was offered 2.35% from Scotiabank.

On 72 months?

djino

 

[frontalot]

On 72 months?

djino

Yes.

 

[Stakis]

On 72 months?

djino

I wonder since we both recently signed if it’s worth calling up Scotia and asking for a rate adjustment.

 

[Stakis]

I wrote to the Tesla Finance email to see if a rate adjustment is possible since some of us signed around 1-2 weeks ago. I’ll give an update once I hear back.

 

[Providence]

Got in contact with Tesla Auto Finance and it seems both RBC & Scotiabank are offering 2.35% between 36 - 72 months. I was able to switch from 3.1% @ 84 months (Scotiabank) to 2.35% @ 72 months (Scotiabank)

Hoping my Model Y comes soon. Haha.

 

[Stakis]

I wrote to the Tesla Finance email to see if a rate adjustment is possible since some of us signed around 1-2 weeks ago. I’ll give an update once I hear back.

So the Tesla team got back to me and said nothing can be done on their end once the car had been picked up.

I’ll give Scotia bank a call tomorrow to see. I don’t have high hopes here.

 

[djino]

I emailed [email protected] and they have now updated my account to show Scotiabank 2.35% for 72 months

This is fantastic!

djino

 

[Stakis]

I emailed [email protected] and they have now updated my account to show Scotiabank 2.35% for 72 months

This is fantastic!

djino

Wait?!? The told me otherwise.
Hold on... have you taken delivery of your car yet?

 

[djino]

Wait?!? The told me otherwise.
Hold on... have you taken delivery of your car yet?

Nope. I'm still waiting for my Model Y LR AWD White/White with FSD (Gatineau, QC).

djino

 

[Stakis]

Oh ok

Nope. I'm still waiting for my Model Y LR AWD White/White with FSD (Gatineau, QC).

djino

oh ok! Good to know. For some reason I thought you already had the car.

congrats on the lower rate.

 

[Edge]

Can confirm - applied for financing last week, checked my account today and I'm approved for 2.35% @ 72 months

 

[Marlon]

Got used Tesla Model S July 4 with 2.35% for 72 months, but regretting the purchase due to all of the trouble so far.

 

[ConfusedF]

Got used Tesla Model S July 4 with 2.35% for 72 months, but regretting the purchase due to all of the trouble so far.

Sorry to hear that. What kind of trouble?

 

[Moe_Magdy]

I got 96 months, 2.8% APR from Scotia bank for Model Y