YNCU told me they're still at 5.09% for loans ranging 1-5 years and 5.59% for 6-8 year loans.Got approved for 6.06% for 96 months with Scotiabank. How do you get offer from the other Tesla partner banks?
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YNCU told me they're still at 5.09% for loans ranging 1-5 years and 5.59% for 6-8 year loans.Got approved for 6.06% for 96 months with Scotiabank. How do you get offer from the other Tesla partner banks?
They said they expect that to go up again this week, so try and get your rates locked in now guys. 90 day rate hold…YNCU told me they're still at 5.09% for loans ranging 1-5 years and 5.59% for 6-8 year loans.
Not in my case.For the people that got an offer already, did you guys confirm your first offer and later got a better offer after confirming? Thanks
No it was sameFor the people that got an offer already, did you guys confirm your first offer and later got a better offer after confirming? Thanks
If you don't confirm the rate how do you expect it to be locked in?I got 5.75% from Tesla (via RBC). I haven't clicked "Confirm" yet but I assume I don't need to until car is closer to delivery? Is the rate now locked without going any further?
Term ? 96 ?I got 5.75% from Tesla (via RBC). I haven't clicked "Confirm" yet but I assume I don't need to until car is closer to delivery? Is the rate now locked without going any further?
According to the Tesla sales rep, the banks they work with (and i believe all major banks in canada) are "open" automotive loans, so there's no penalty for pre-paying principle or paying it all off at once.Does anyone know what their bank’s policy is for paying off the entire auto loan early? Wondering if any of the banks such as Scotia/BMO/RBC charge a penalty for paying off the loan before term end.
I can confirm that's the case for RBC based on the loan on my Model Y in June.According to the Tesla sales rep, the banks they work with (and i believe all major banks in canada) are "open" automotive loans, so there's no penalty for pre-paying principle or paying it all off at once.
Do you know how it works if you apply a lump sum to the outstanding loan, but don't pay it off?I can confirm that's the case for RBC based on the loan on my Model Y in June.
Ask your lender to apply 10 k towards the principle amount which will reduce the outstanding principle amount + interest.Do you know how it works if you apply a lump sum to the outstanding loan, but don't pay it off?
For example, if I have $40,000 outstanding and monthly payments are $800/month for 60 more months, what happens if throw $10,000 at the loan? Does this have the effect of reducing the outstanding term, or is my monthly payment recalculated, or something else?
Just got 5.66% through Scotiabank 96 months, 15K down.
when did you apply?Just got 5.66% through Scotiabank 96 months, 15K down.
$892.00/mo.What’s your monthly payment’s looking like
Literally yesterday.when did you apply?