Financing Tesla vehicles in Canada

[CanadaGoose]

BMO rate 3.99% for 96 months, 3.25% would be nice.

 

[Ruffus23]

Fed announcing 8 rate hikes by end of the year.

Variable rate still looking good?

Assuming rates went up this afternoon.

 

[garumaru]

That is in the US. However I am sure Canada will most likely follow their footstep.
If they hike the rate by 0.25% every time prime will most likely be over 2%.
I saw somewhere 1.99% is the most aggressive variable rate offer.
In my opinion you will be better off to lock in fixed at 3.25-3.99.

 

[zetx]

RBC 2.85% 72 months $5000 down

 

[sokhangoo]

RBC 2.85% 72 months $5000 down

Wow that is a big difference between 72 months and 3.98% for 84/96 months!

 

[Python]

I was scared but am kind of in shock of what just happened.
My 30 day rate lock expired yesterday. I'm picking up my car on Saturday the 19th so was subject to new rates.

I originally got 3.67% RBC/96mo
Emailed them asking for a better rate, they gave me 3.65%

My lock expired yesterday, just got a email from tesla to approve my new rate and i got 3.25% RBC/96mo.

Thats mint lol

 

[Emira]

Not as lucky as some of you guys, but I got approved 3.99% Scotiabank yesterday, today it updated on its own to 3.48%. Pick up date is tomorrow.

 

[justinflation]

Offered 3.99% as well from scotia, hoping to get it updated as well

 

[StatVirus]

Anyone else take delivery this weekend and see a similar rate adjustment?

 

[MrSlippery]

Anyone else take delivery this weekend and see a similar rate adjustment?

I pick up Saturday, 72 month @ 3.08%

 

[teslatradeup]

Just got approved for 3.99% How does one email or contact the lenders to negotiate? Do I have to confirm the loan in order to get a better rate last minute? Or do I leave it as is in approved state?

 

[ShortSell]

I had 3.68 approved Feb 15. Picking up car tomorrow. Rate should've expired 30 days and triggered new check I guess.

But being told Scotia this month has best rate and they're leaving it at 3.68% for 96 months.....

I do prefer rbc

 

[justinflation]

Offered 3.99% as well from scotia, hoping to get it updated as well

Taking delivery tomorrow and got offered 3.48% 96 months with Scotia

 

[teslatradeup]

Taking delivery tomorrow and got offered 3.48% 96 months with Scotia

Did your adviser just inform you of the new rate?

 

[justinflation]

Did your adviser just inform you of the new rate?

No, Got email about updated offer

 

[teslatradeup]

No, Got email about updated offer

Had you confirmed your financing prior or you left it pending on the approval screen? Sorry for all the questions, would love to get the same offer.

 

[justinflation]

Had you confirmed your financing prior or you left it pending on the approval screen? Sorry for all the questions, would love to get the same offer.

i did accept it

 

[ShortSell]

Taking delivery tomorrow and got offered 3.48% 96 months with Scotia

Any down payment?

I'm getting 3.68 with Scotia. They said I switch rbc it'll be 3.9

96 months 0 down. I'm so sad right now

 

[justinflation]

Any down payment?

I'm getting 3.68 with Scotia. They said I switch rbc it'll be 3.9

96 months 0 down. I'm so sad right now

40k down

 

[StatVirus]

I'm taking delivery on Saturday .. hoping for a last minute email with a rate adjustment.