Financing Tesla vehicles in Canada

[bluelines]

who did you go through for financing?

Through Tesla, but looking at the paperwork it is actually RBC underwriting the deal.

 

[Hawesome]

Through Tesla, but looking at the paperwork it is actually RBC underwriting the deal.

wow i wonder what the difference will be with regards to the model 3...I use RBC for my properties and investments, so perhaps I can inquire...cheers

 

[pmich80]

wow i wonder what the difference will be with regards to the model 3...I use RBC for my properties and investments, so perhaps I can inquire...cheers

Me too. Let me know if you happen to contact RBC directly. I may end up doing the same to see if they can offer a better deal than 3.9%

 

[Pescakl1]

Me too. Let me know if you happen to contact RBC directly. I may end up doing the same to see if they can offer a better deal than 3.9%

I was at my RBC few weeks ago to renew my mortgage and ask about that: My counselor told me that we will never have a better rate than a manufacturer, so that I better go with Tesla financing.

So I will be interested to know what yours tell you...

 

[Tony_YYZ]

FYI, when ordering your Model 3, there isn't an option to choose Tesla financing right now. The only options are pay in cash or via a loan from your bank or credit union.

I called Tesla Customer Service and they basically just said they aren't fully setup for the financing options in the online portal yet and that this will be handled by your Delivery Specialist I believe.

 

[johndorian]

FYI, when ordering your Model 3, there isn't an option to choose Tesla financing right now. The only options are pay in cash or via a loan from your bank or credit union.

I called Tesla Customer Service and they basically just said they aren't fully setup for the financing options in the online portal yet and that this will be handled by your Delivery Specialist I believe.

When I ordered that option was available, in fact my portal shows I requested lending from Tesla:

 

[Tony_YYZ]

When I ordered that option was available, in fact my portal shows I requested lending from Tesla:

Huh, very interesting. This is for a Model 3?

 

[johndorian]

Huh, very interesting. This is for a Model 3?

Yup Model 3, configured 03/24.

 

[Tony_YYZ]

Yup Model 3, configured 03/24.

Very strange. This is what I see:

 

[RAM_Eh]

Tony, I got the previous one on Sunday.

 

[Tony_YYZ]

Tony, I got the previous one on Sunday.

Thanks for the additional data point.

I think I'm fine either way since the phone rep said that the Tesla Finance applications are handled locally.

 

[pmich80]

So is 3.9% still the best financing for a model 3 directly from Tesla? Anyone find anything better?

 

[03DSG]

Very strange. This is what I see:

Tony, I got the one with 3 options. Cash, loan arranged through Tesla, and finance through my bank. That’s strange you you don’t have the Tesla financing option?

 

[Tony_YYZ]

Tony, I got the one with 3 options. Cash, loan arranged through Tesla, and finance through my bank. That’s strange you you don’t have the Tesla financing option?

Very strange indeed.

I'll check back on it in a couple days and see if anything changes.

Did you guys opt to perform a trade-in? I did. If you didn't, maybe that is the differentiator?

 

[03DSG]

Very strange indeed.

I'll check back on it in a couple days and see if anything changes.

Did you guys opt to perform a trade-in? I did. If you didn't, maybe that is the differentiator?

Might be it. No trade for me. Did you fill in some of the other boxes? I had 3 options with all boxes except insurance.

 

[Tony_YYZ]

Might be it. No trade for me. Did you fill in some of the other boxes? I had 3 options with all boxes except insurance.

This is what my account looks like

Imgur

 

[sitter_k]

This is what my account looks like

Imgur

Do you know if the trade will apply a discount to your purchase price yet?

 

[Tony_YYZ]

Do you know if the trade will apply a discount to your purchase price yet?

It will. I had a quote done already via Oakville. It's only valid for 30 days though, I believe. So I may have to go to through that song and dance again closer to the delivery date.

 

[realtycoon]

It will. I had a quote done already via Oakville. It's only valid for 30 days though, I believe. So I may have to go to through that song and dance again closer to the delivery date.

Tony, How was the trade in quote from Tesla? How did it compare to a private sale or what typically a dealer would offer?

Thanks

 

[Tony_YYZ]

Tony, How was the trade in quote from Tesla? How did it compare to a private sale or what typically a dealer would offer?

Thanks

It was in line with what I could probably fetch for my car in a private sale AFTER the tax benefit is applied. With that, the stress of trying to sell my car privately would be saved.