Financing Tesla vehicles in Canada

[mjohnbalde28]

Exactly my thought afterward. 2.15% loan is basically free money. I'd be ok with $2500 down.
I was afraid I was going to make stupid investments with the whole 20k.

So.. here we go. 10k toward Tesla, 10k for whichever big company stock.
It's be unlikely to do worse than 2.15% gain per year.

Yup! Tesla long term 10-15 years. Gold!

 

[mjohnbalde28]

With more down payment in addition to the $2500 deposit + $5000 incentive, will it lower my monthy right?

I plan to put down $5000 on top of the 2500 deposit and incentive.

Thanks in advance!

 

[NudleBoy]

How much is your monthly payment with $0 down?

I couldn't tell you. I paid for half my Model Y in cash.

 

[Oveeus]

Just placed an order for used Model X yesterday. The finance application came back this morning. RBC 2.15%@60mth.

 

[coconutboy84]

I couldn't tell you. I paid for half my Model Y in cash.

only half? i paid 3 quarters. lol

 

[mjohnbalde28]

only half? i paid 3 quarters. lol

He's bougieeeeee

Personally I wouldnt pay that much for a down. Id leverage the money in purchasing shares of the company.

 

[coconutboy84]

He's bougieeeeee

Personally I wouldnt pay that much for a down. Id leverage the money in purchasing shares of the company.

I thought about that! But the share is grossly overvalued right now. So will wait until it comes back down to reality. Haha

 

[uhsay]

Just got my approval this morning. 2.6 with scotia for 96 months M3

 

[mjohnbalde28]

only half? i paid 3 quarters. lol

He's bougieeeeee

Personally I wouldnt pay that much for a down. Id leverage the money in purchasing shares of the company.

Just got my approval this morning. 2.6 with scotia for 96 months M3

Looking to get a M3, what were the requiremnts for credit application?

 

[mjohnbalde28]

I thought about that! But the share is grossly overvalued right now. So will wait until it comes back down to reality. Haha

Buy now! Itll just keep going up due to S&P inclusion. More funds will have to buy in to match the index

 

[NudleBoy]

He's bougieeeeee

Personally I wouldnt pay that much for a down. Id leverage the money in purchasing shares of the company.


Looking to get a M3, what were the requiremnts for credit application?

I traded in my previous car. Or else I wouldn’t have put that cash down lol.

 

[Vawlkus]

I thought about that! But the share is grossly overvalued right now. So will wait until it comes back down to reality. Haha

It’s the stock market, reality has never had anything to do with it.

 

[DeadSea]

Did you do a trade in with your order? If so did you use the trade in calculator before ordering to see what they would offer?

No trade. $10K Down. What they were offering for my 2017 X5 was not even close. I sold it few days ago for $5K more than what Tesla offered

 

[coconutboy84]

tesla offered me 34500 for my sr+. i sold it to a dealer for 44,000. I put 50k down on model y

 

[49thparalell]

Hi Tesla owners, I have a quick question. I just placed an order of Model 3 SR+, however, the loan does not show the $5,000 federal incentive, and the agreement shows that I need to pay the full amount without federal and provincial the incentive. How do we receive the rebate? Did I do it right? Thanks.

 

[Choncho]

Hi Tesla owners, I have a quick question. I just placed an order of Model 3 SR+, however, the loan does not show the $5,000 federal incentive, and the agreement shows that I need to pay the full amount without federal and provincial the incentive. How do we receive the rebate? Did I do it right? Thanks.

Yeah I just ordered as well and have received the approved loan terms. I have to confirm my approved financing terms but the Provincial and Federal EV rebates aren't shown. Are we supposed to just include those amounts in the downpayment section prior to accepting the loan terms? Or is there an error in the application? Thanks

 

[Choncho]

Hi Tesla owners, I have a quick question. I just placed an order of Model 3 SR+, however, the loan does not show the $5,000 federal incentive, and the agreement shows that I need to pay the full amount without federal and provincial the incentive. How do we receive the rebate? Did I do it right? Thanks.

I double checked the numbers and my loan agreement was off exactly $8000 which was the EV rebates. When I accepted the term, the confirmation had the EV rebates line listed and accounted for.

 

[Cybr.Myk]

I’m in Saskatchewan, no rebates here.

 

[Choncho]

I’m in Saskatchewan, no rebates here.

You don't get the Federal one for $5K? Since I thought all Canada got that?

 

[Cybr.Myk]

You don't get the Federal one for $5K? Since I thought all Canada got that?

Not on the performance model