Financing Tesla vehicles in Canada

[Ruffus23]

3.65 over 96 with RBC.

i got 2.85% on the last day of January 31 over 72 months.

 

[amit_gunner]

3.65 over 96 with RBC.

Same with BMO. 84 months..

I noticed my positive trade in does not reflect on amount to be financed portion. Thus showing monthly paymemt lot higher. Is that normal? I guess trade in amount gets added on the delivery day and then only monthly payment will reflect that?

Little confused. Anyone seen similar thing on the account after applyng loan?

 

[savage698]

Same with BMO. 84 months..

I noticed my positive trade in does not reflect on amount to be financed portion. Thus showing monthly paymemt lot higher. Is that normal? I guess trade in amount gets added on the delivery day and then only monthly payment will reflect that?

Little confused. Anyone seen similar thing on the account after applyng loan?

I'm guessing the loan offer you have is just a worst case scenario where if your trade-in isn't accepted or you decide not trade in, that's what you would be responsible for. I don't have a trade-in so this is just speculation, but I imagine your loan would be adjusted prior to signing any contracts.

 

[rezla]

My loan application just got approved but there is a problem, in my account there is this message: "Terms may have been adjusted. Confirm terms below." and the amount due (down payment) is around $35000, it's not the down payment I want. I applied for my loan with a monthly payment of $950 which makes the down payment something around $250.

There is a Modify Terms option to change the down payment but I'm not sure if it actually changes the terms and I'm afraid to modify it this way and clicking on the Confirm button because there is a note near confirm button saying "I will be unable to change my payment method."

Has anyone had this experience before? what did you do?

 

[Fiturist]

My loan application just got approved but there is a problem, in my account there is this message: "Terms may have been adjusted. Confirm terms below." and the amount due (down payment) is around $35000, it's not the down payment I want. I applied for my loan with a monthly payment of $950 which makes the down payment something around $250.

There is a Modify Terms option to change the down payment but I'm not sure if it actually changes the terms and I'm afraid to modify it this way and clicking on the Confirm button because there is a note near confirm button saying "I will be unable to change my payment method."

Has anyone had this experience before? what did you do?

Contact your SA or Tesla CS.

 

[rezla]

Contact your SA or Tesla CS.

Yeah, I did this today and he get back to me with a 60 months term with 3.28% apr and $8k downpayment which I think is still a bad offer. I'm working on it, hopefully, I get a better offer next week.

 

[Ruffus23]

Yeah, I did this today and he get back to me with a 60 months term with 3.28% apr and $8k downpayment which I think is still a bad offer. I'm working on it, hopefully, I get a better offer next week.

USA Talking about a .5% emergency rate hike in the next few days.

 

[tes2k22]

HI
im new here getting MY in june-july
3.2% @ 72/M 10k down BMO

 

[ShortSell]

man i wish i got my delivery in jan. it's delayed to march (despite paying extra for rims, sr+ oct 4)

it's almost like the rate will have gone by full %

 

[SameerKhan]

Hi

 

[Randy-12]

Just applied and got my rate.

RBC 96 months at 3.65%
Gone way up since I clicked to purchase the car. Was at just under 3% then.
Can only seeing it going higher soon.

 

[garumaru]

Just applied and got my rate.

RBC 96 months at 3.65%
Gone way up since I clicked to purchase the car. Was at just under 3% then.
Can only seeing it going higher soon.

Do they lock that in for 90 days?

 

[ShortSell]

Do they lock that in for 90 days?

rate lock is 30 days. approval is 90 days.

really sucks. If i had gotten vehicle back in Jan, could've saved a large percentage.

Back in August i got 2.75 96 months.

 

[DasTasla]

Is the 3.65% with some amount of money down - or is that with $0 down? I got offered the same but they are asking for a sizeable down payment. Not sure if that is standard, or the finance department

 

[ShortSell]

Is the 3.65% with some amount of money down - or is that with $0 down? I got offered the same but they are asking for a sizeable down payment. Not sure if that is standard, or the finance department

what model? credit rating?

last year did $0 down 2.75% sr+

 

[Randy-12]

Is the 3.65% with some amount of money down - or is that with $0 down? I got offered the same but they are asking for a sizeable down payment. Not sure if that is standard, or the finance department

I'm 15% down

 

[ShortSell]

I got $0 down 3.68 with scotia bank

96 months

I don't know if i should switch to 72 months for lower rate....

anyone try their luck with local bank instead?

 

[kisceneret]

HSBC 1.99% variable for 84 months?

 

[koorosh]

For 72 i believe.

 

[Ruffus23]

HSBC 1.99% variable for 84 months?

Variable sounds very scary in this environment.