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Financing Tesla vehicles in Canada

Discussion in 'Canada' started by pbrulott, Dec 8, 2012.

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  1. CanadianRob

    CanadianRob Supporting Member

    Joined:
    Feb 26, 2021
    Messages:
    17
    Location:
    Trenton, Ontario, Canada
    I just sent an email to my SA regarding decreasing my down payment. They forwarded the information to BMO and I had a new Offer sitting in my account the next morning. I didn't ask for a rate change, just to decrease the down payment.
    Yes, in Ontario.
     
  2. tsztszyanyan

    tsztszyanyan New Member

    Joined:
    Feb 21, 2021
    Messages:
    2
    Location:
    Totonto
    Im currently waiting for my delivery and my SA told me that the rate in march is 2% for 6 years and under.
     
  3. Goat4u

    Goat4u New Member

    Joined:
    Tuesday
    Messages:
    3
    Location:
    Markham Ontario
    Picking up my Model Y at the end of March. BNS offered 1.95% over 60 months.
     
  4. Goat4u

    Goat4u New Member

    Joined:
    Tuesday
    Messages:
    3
    Location:
    Markham Ontario
    Tesla probably gets a better rate compared to going to the bank directly. Banks probably give Tesla deep discounts on rates for bulk applications. Going to a bank directly, they will give you a rate based on relationship value and credit risk, which usually is prime+%. There may be smaller FI that offer promotions on loans, but I haven't seen anything lower than what Tesla is offering. Anything lower, you are getting into High Ratio Mortgage territory.
     
    • Like x 1
  5. DPW666

    DPW666 New Member

    Joined:
    Tuesday
    Messages:
    4
    Location:
    Montreal
    Hi, just got 2.45% on 96m with scotia with 0 down on MY LR
     
  6. Bertuzzi44

    Bertuzzi44 Member

    Joined:
    Feb 8, 2021
    Messages:
    55
    Location:
    Vancouver
    Will ask today when I call in
     
  7. tsztszyanyan

    tsztszyanyan New Member

    Joined:
    Feb 21, 2021
    Messages:
    2
    Location:
    Totonto
    Which bank it is?
     
  8. Bertuzzi44

    Bertuzzi44 Member

    Joined:
    Feb 8, 2021
    Messages:
    55
    Location:
    Vancouver
    I called today and the rep said the rate they give is the rate you get, I would prefer to have my loan with RBC instead of BMO, they said nothing they could do with that
     
  9. BigKRIT

    BigKRIT Member

    Joined:
    Jul 31, 2020
    Messages:
    75
    Location:
    Canada
    wondering do banks check the income you put down? I put down but there was nothing to upload documents and now im set for delivery??
     
  10. Brts

    Brts Member

    Joined:
    Feb 27, 2021
    Messages:
    9
    Location:
    Surrey
    My SA just called me and told me my March 5th delivery is off cause the new surrey location is not doing any deliveries. They don’t know why or what’s going on. This is frustrating when you get no answers.
     
  11. Bertuzzi44

    Bertuzzi44 Member

    Joined:
    Feb 8, 2021
    Messages:
    55
    Location:
    Vancouver
    Why not just pick up from Vancouver? Some of the service reps are quite useless
     
  12. srlawren

    srlawren Member

    Joined:
    Aug 3, 2020
    Messages:
    339
    Location:
    Vancouver, BC, Canada, Eh?
    @Bertuzzi44 are you saying that "some of the reps are quite useless" at the Surrey location or in Vancouver? Just curious.

    Also: now that the Surrey location exists, are people from the surrounding area only allowed to pick up (delivery) there, or can they ask for Vancouver instead? My better half for some reason is very against going to the Surrey location for pick up.
     
  13. Flipcyde

    Flipcyde Member

    Joined:
    Jan 31, 2021
    Messages:
    11
    Location:
    Toronto
    I emailed my SA to lower my additional downpayment yesterday and got the new terms today.
    It was automatically changed from 2.15 to 1.9% for 72 months.

    Also my SA mentioned that my VIN# be assigned in the next day or two, my estimated delivery is now showing as March 17-23.
     
  14. CanadianRob

    CanadianRob Supporting Member

    Joined:
    Feb 26, 2021
    Messages:
    17
    Location:
    Trenton, Ontario, Canada
    That's good news for you! What specs did you order? Trying to get an idea when my M3P will get a VIN.
     
  15. Flipcyde

    Flipcyde Member

    Joined:
    Jan 31, 2021
    Messages:
    11
    Location:
    Toronto
    White/White SR+ ordered Jan 31st.
     
  16. jj123

    jj123 New Member

    Joined:
    Friday
    Messages:
    2
    Location:
    Vancouver
    I just ordered and applied for financing. I got conditionally approved for 2.45% for 96 months with $0 down from ScotiaBank.
     
  17. jj123

    jj123 New Member

    Joined:
    Friday
    Messages:
    2
    Location:
    Vancouver
    Oops, I don't know how to edit posts. I ordered a Model 3 SR+.
     

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