Shekhawat Mx
Member
Did you got trade in offer from Tesla on M3? It’s long range ?
In also thinking of upgrading to MY
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In also thinking of upgrading to MY
Still waiting as of last Wednesday.
They did it about 2 weeks ago and it was $66,700. I just forgot to write down numbers before deleted the trade in to compare not doing it so did it again. Maybe they're ignoring my request as I just did one lol
Ya, M3 LR 2022
Shekhawat Mx
Member
That's too low especially when the current prince was 77k plus and now no new order until 2023.
What's the current mileage?
4480 kms; yes too low but just wanted to see the tax-savings part of it to offset the monthly.
Kinda torn with doing :
$0 down and $10K down..
I plan on trading/selling the Y in 4yrs as well.
For some reason $0 down I save $3800 over 4 years as opposed to $10K down....
Shekhawat Mx
Member
Try to sell to used car dealers who do auto loans also. They will add the tax savings as a trade-in amount for your auto loan if you go with them.
Does each bank run a credit check or just tesla when going through the Tesla application. Are they checking both Transunion and Equifax or just one bureau?
Shekhawat Mx
Member
Yes. All banks, credit unions etc run a credit checks to know your income-debt ratio.
If you are shopping for a good rate then try a used car dealer who does auto loans they will let you know the best rates without doing a credit check.
If you approach banks, credit unions they will run the credit before looking at your file.
Sorry read that wrong. When Tesla does it it's 1 hard hit on Credit.
If you call around you'll be accumulating hard hits on your Credit bureaus for each bank and or dealer you want it "checked" for interest rate.
If you know your credit score like I do, you can call around to various and ask them what they're lowest rate would be if you have a very high credit score. They'll respond with, "the lowest we can offer would be..." followed by "but we'd have to check your credit score."
Again if you know what it is, just ask them that. I did like 5 banks already. Economy is a mess even with a 858 CS.
Here is my experience, Scotiabank and RBC check TU, BMO check EQ. Had 3 hard inquiries already
Each bank will run a hard credit check. However, I believe there is a 14 day window starting with the first credit check where any other hard pulls will not impact your credit score. This provision is to allow people to shop around for the best rate without destroying their credit rating.
No one will have the answer if you will be approved. There are so many variables that come into play besides just credit score such as income, credit utilization, length of credit etc. A buddy of mine works in credit approving different types of loans. He's told me even people with a credit score of 800+ get declined. For your score of 638 that is in the fair bracket which means you may qualify but at a higher percentage rate. Best of luck and enjoy the new ride buddy.
Shekhawat Mx
Member
Well in your case I suggest explore outside because technically your loan term should be less then the expiry of your work permit.
When your work permit expires?
Sweet, seems to be the the trend 5.66 lately
Putting mine in tomorrow ironically
856 859 respectively
Though I prefer my 3.1% I got last December for my M3 ugh
No kidding eh. Crazy how much the rates have changed since ordering.
Definitely do it tomorrow, in the past Tesla updated rates on the 1st of the month and since BOC is anticipated to increase 0.75% again on Sept 7th they might pre-emptively increase. The approval was almost instant initially and then the email reply was under 30 mins, very speedy I must say.
Do you mind share the email address of Tesla Finance? Just resubmitted my loan today and got 5.7% from BMO for 72 months, hopefully I could get a better rate too.
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