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Actually my DA answered before the Cali guy did but they've BOTH been amazing. They've been so efficient answering all my questions, providing quotes etc. For dealing with 200 people+ they've been superb. I might get a gift card for Aaron at the Lawrence location just because he's been so good when i get my car in a few weeks.
Just got access to the financing page for my Model 3, does the $$ we put down already count with regards to the downpayment question on the form? Or is in addition to that amount?
Thanks!
Thanks!
It would be in addition. Once you specify a % of down payment you'll get a Loan quote back but you'll end up going back and forth with a finance guy in California. Once I told my DA I wanted to change the deposit amount he quickly connected me with someone in Cali to make changes.
Well, I got a call from my mortgage agent who suggested to move from Scotia (3%) variable to TD 2.45% variable .
TD will take care of all the appraisal and lawyer cost and agent will take 50% of the penalty cost from scotia. Substantial saving for me.
I happen to tell him about my plan for Tesla loan and he suggested to add that amount as well in mortgage move to TD.
Essentially I am getting car loan at 2.45% and reduction in my home mortgage payment.
Seems good deal to me.
TD will take care of all the appraisal and lawyer cost and agent will take 50% of the penalty cost from scotia. Substantial saving for me.
I happen to tell him about my plan for Tesla loan and he suggested to add that amount as well in mortgage move to TD.
Essentially I am getting car loan at 2.45% and reduction in my home mortgage payment.
Seems good deal to me.
One comment on the car loan at 2.45% above - you can only do lump sums equal to 10% a year like TD's mortgages; you can't pay it off any faster than that. I did something similar with my S and my HELOC. So if you think you're going to sell the car before the term is up, you'll have penalties. That's why I'm sticking with Royal's 3.99% - I can pay it all off anytime(ie sell the car after a year to qualify for the rebate).
You can type in the term you want, likely up to 96 months - at least on my application you could which I assume is the same for all. I emailed the Tesla advisor for rates from RBC, after loan acceptance, from 60 months to 84months with small increments for each 12 months. I am pretty sure they will do 96 months too, though I wouldn't look at that length myself. I went in with 0% down on my application - the amount down does NOT affect the interest rate you get the advisor told me. They will deduct the $4200 from the total amount of the loan. Configuration total including freight/pdi, plus tax, plus fees (approx. $300), less $4200. Hope that helps!
5_+JqckQttqck
Active Member
I got my email and opening the credit application once the VIN was assigned. Not sure about others experience, but that's how it worked for me.
Liquidmetal101
Member
I did the same initially. I got my first call from a DS in Fremont about our Model 3 delivery. I told her that I might want to finance through Tesla and asked her to open the Payment Method section and she did it for me remotely. Now im just waiting for them to give me financing/loan options. That was on Wednesday, should be hearing back from them today.
Liquidmetal101
Member
karpetkutter
Member
I just got quoted financing and asked if downpayment will change the rate. These are the standards right now.
4.39%
96
4.14%
84
3.99%
72
3.91%
60
3.82%
48
3.70%
36
4.39%
96
4.14%
84
3.99%
72
3.91%
60
3.82%
48
3.70%
36
karpetkutter
Member
Hi All,
Just got an email from Tesla
I am incredibly excited for you to be taking delivery of your Tesla Model 3! Your delivery appointment has been scheduled for May 31st @4:00 PM at our Toronto-International Centre delivery center, located at:
6900 Airport Road
Toronto, ON L4V 1E8
Just got an email from Tesla
I am incredibly excited for you to be taking delivery of your Tesla Model 3! Your delivery appointment has been scheduled for May 31st @4:00 PM at our Toronto-International Centre delivery center, located at:
6900 Airport Road
Toronto, ON L4V 1E8
karpetkutter
Member
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