Financing Tesla vehicles in Canada

[Cardi3]

96 months 3.25% (Scotiabank). This is from 2 days ago, in Montreal.

 

[Kamixus]

Just finalized my terms with RBC @ 2.9% (60 months)!

 

[anandoc]

Did anybody who financed via RBC receive a 'Welcome letter' of any sorts yet? I picked up in March and the first payment has already been debited from my account yet I have not received any sort of account number from RBC.

Same here. No email, letter or call. I tried to call RBC but there was a 90 minute wait...

Still nothing here and I don't see anything in my online account either.

 

[wethenorth]

Did anybody who financed via RBC receive a 'Welcome letter' of any sorts yet? I picked up in March and the first payment has already been debited from my account yet I have not received any sort of account number from RBC.

Same here. No email, letter or call. I tried to call RBC but there was a 90 minute wait...

i picked up my car August 2019, i waited and waited for some sort of welcome letter or online portal account to manage the loan. It never came... December 2019 i went into the branch and had to open up a free savings account so i could link the loan to that account and access it online.

 

[anandoc]

i picked up my car August 2019, i waited and waited for some sort of welcome letter or online portal account to manage the loan. It never came... December 2019 i went into the branch and had to open up a free savings account so i could link the loan to that account and access it online.

Good to know. I have all my banking products with RBC but nothing shows up in my online account or a physical welcome letter. Guess I will have to drop by at the branch once all this COVID stuff gets better.

 

[RonJeremyThe3]

Denied financing on a LR AWD M3.

Have lots of credit history, no credit issues. Wondering why. Replies are slow right now from Tesla.

Any input is appreciated.

 

[iKhalid]

Denied financing on a LR AWD M3.

Have lots of credit history, no credit issues. Wondering why. Replies are slow right now from Tesla.

Any input is appreciated.

Your debt ratio maybe is high? (Total debt/Total Income)

 

[Panda1]

That or put down more money as down payment or try a longer term

 

[CanadaGoose]

Denied financing on a LR AWD M3.

Have lots of credit history, no credit issues. Wondering why. Replies are slow right now from Tesla.

Any input is appreciated.

Cash flow reported might be involved.

 

[VBCanada]

Got 2.8% 60 months with Scotia Bank + a sweet deal (5k discount) on a in stock LR R/W M3 that made move up from the SR+ originally in my plans

 

[CanadaGoose]

3.4% RBC - 96 months.

Didn’t ask for a refresh, it was just on my loan application form. It was 3.7% when I first ordered the car. Picking up soon

 

[Germ]

Got 2.8% 60 months with Scotia Bank + a sweet deal (5k discount) on a in stock LR R/W M3 that made move up from the SR+ originally in my plans

So you had placed an order for an SR+ and you were able to switch to an LR and getting a 5k discount on the LR? Wow, I am impressed. I ordered an in-stock M3 SR+ R/W last month and I am waiting to pick it up at the dealership due to COVID and didn't get a single penny discount. I would kill for your deal

 

[VBCanada]

So you had placed an order for an SR+ and you were able to switch to an LR and getting a 5k discount on the LR? Wow, I am impressed. I ordered an in-stock M3 SR+ R/W last month and I am waiting to pick it up at the dealership due to COVID and didn't get a single penny discount. I would kill for your deal

Try asking your sales associate what they have in stock. I asked straight to my SA if they had any LR in stock with a good deal and he told me about this one straight, no haggling. I was impressed as well to be honest for what I heard that they never give a discount but I guess people may have canceled orders with this Covid thing so it’s a good time to be a buyer.
Maybe the only difference is that originally I ordered from factory so maybe they gave me a discount so they could make that sale sooner? I dunno honestly.

 

[CanadaGoose]

They dropped prices today.

 

[SirBaymax]

They dropped prices today.

I just saw. That’s crazy. No announcement or anything. Good thing I waited before making my purchase.

 

[Kamixus]

They dropped prices today.

Do you know how much the M3 LR go down by? Wasn't there a price increase a month ago?

 

[CanadaGoose]

Do you know how much the M3 LR go down by? Wasn't there a price increase a month ago?

I’d say net 1k price decrease, after recent increase and recent decrease. It went down 3k today.

 

[Germ]

My appointment to pick up mine is set for June 3rd. I just sent an e-mail to kindly ask for the readjustment. We'll see what he says.

 

[anandoc]

I’d say net 1k price decrease, after recent increase and recent decrease. It went down 3k today.

Actually, I'd say its even less. I placed my order on Feb 9th when the base price of a LR AWD was $65,880 (I had tacked on blue exterior with white interior options for a total of $68,480). It stands at $64,990 today without any options ($67,590 with blue exterior + white interior). So $890 net decrease.

 

[Germ]

My appointment to pick up mine is set for June 3rd. I just sent an e-mail to kindly ask for the readjustment. We'll see what he says.

My SA replied to my e-mail and informed me that I should a confirmation of the price change this afternoon. The opposite would have surprised me.