Financing Tesla vehicles in Canada

[Dimundz]

this sucks..

i got rate on feb 15 for march delivery, hopefully they don't make me pay 3.99 (right now 3.68).

What's annoying is how i'm waiting for vehicle to arrive and rates keep going up. I order vehicle in october when it was like 3.3 for 96 months.

3.25 was Jan rate not October, that was 2.7 I believe. Dec was 3.1

 

[ShortSell]

3.25 was Jan rate not October, that was 2.7 I believe. Dec was 3.1

some people here asked for revised rate in feb and got 3.25....

 

[kisceneret]

I tried asking in feb, but no dice with rbc.

 

[FreddDS]

I just received vision agreement which i agreed and my edd changed to Mar 1 - Mar 5.

I had originally set it to cash, and notified my SA to switch to financing. Would I be able to get the financing rates on time?

Also? What are the rates for 48months?

Let me know how the change from cash to financing goes. My EDD is in 2 weeks (Mar 14-18), and I'm currently set to cash, and got the email today to go ahead and pay even though I don't have a delivery date yet. I was told to wait to lock in the delivery date, then switch it over to financing at last minute basically.

 

[jonthomas]

Assuming you're referring to reaching out to [email protected]... How long does it take to get a response from them? Messaged them last Friday but still haven't heard anything back.

Can I "accept" the rate offered to me on my account page and they can follow up with a better rate? Or should I just leave it unaccepted?

Nope I emailed them and never got a reply. My correspondence was with my SA. I didn’t accept
the rate offered to me until my SA adjusted things.

 

[zetx]

Approved for 3.6% with rbc (72 months with 30k down) SR+. What are going rates for 72 months??

 

[StatVirus]

Let me know how the change from cash to financing goes. My EDD is in 2 weeks (Mar 14-18), and I'm currently set to cash, and got the email today to go ahead and pay even though I don't have a delivery date yet. I was told to wait to lock in the delivery date, then switch it over to financing at last minute basically.

I expect that you'll get the rates that apply whenever you actually switch to financing. That's partly why I applied on Feb 28, I wanted to lock in the lower rates even though I still don't have a finalized delivery date yet (but expecting it within 30 days).

 

[koorosh]

Is there an online option to switch to financing or need to call Tesla customer service.

 

[StatVirus]

Is there an online option to switch to finacning or need to call Tesla customer service.

You can do it all online - takes less than 5 minutes.

 

[HeroicKaizer]

Approved for 3.6% with rbc (72 months with 30k down) SR+. What are going rates for 72 months??

Did the bank require you to have 30k down or you chose to do that yourself?

 

[zetx]

Did the bank require you to have 30k down or you chose to do that yourself?

I chose to put down 30k

 

[motaframzenia]

Did anyone else's March EDD change to June-July?

 

[sokhangoo]

My EDD is April 24-May 22. Should I apply for Financing now to secure the interest rate? With the recent rate hike I'm afraid if I do it in April/May it might be higher!

Also I don't think Tesla changes interest rates mid-month correct?

 

[StatVirus]

My EDD is April 24-May 22. Should I apply for Financing now to secure the interest rate? With the recent rate hike I'm afraid if I do it in April/May it might be higher!

Also I don't think Tesla changes interest rates mid-month correct?

Rates are only guaranteed for 30 days, so you're still too early. And yes, you can assume rates will go up in April as well.

 

[sokhangoo]

Rates are only guaranteed for 30 days, so you're still too early. And yes, you can assume rates will go up in April as well.

So my best bet is to apply by the end of March and cross my fingers to get my vehicle delivered within 30 days.

 

[StatVirus]

So my best bet is to apply by the end of March and cross my fingers to get my vehicle delivered within 30 days.

Yes .. your EDD will probably shift again before the end of March anyway (hopefully to something sooner!). If your rate expires before your EDD, the only downside is that you (possibly) get hit with another credit check - but that shouldn't be an issue for most people.

 

[ShortSell]

I just received vision agreement which i agreed and my edd changed to Mar 1 - Mar 5.

I had originally set it to cash, and notified my SA to switch to financing. Would I be able to get the financing rates on time?

Also? What are the rates for 48months?

You ordered Oct 5
I orderered like oct 9

i don't have vision... saying march 13-31

did you get anything premium? i just had premium tires.

 

[zetx]

You ordered Oct 5
I orderered like oct 9

i don't have vision... saying march 13-31

did you get anything premium? i just had premium tires.

I actually ordered mine on Oct 24. My edd was mar 9-18 until yesterday. Not sure if someone cancelled/rejected their car and i’m receiving theirs lol

 

[spacehawk]

My date yesterday was March 1 - March 30, this morning it's April 09 - May 07 so the fact my SA told me to switch to financing on the 1st so it's valid for the 30 day delivery window is now completely invalid. Shame he won't answer his emails...

 

[motaframzenia]

Approved for 3.6% with rbc (72 months with 30k down) SR+. What are going rates for 72 months??

I got 3.2% with BMO for 72 months $0 down