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Financing through USAA

Discussion in 'Model 3: Ordering, Production, Delivery' started by Dogwhistle, May 16, 2018.

  1. Dogwhistle

    Dogwhistle Member

    Joined:
    Sep 8, 2015
    Messages:
    182
    Location:
    Delaware
    Oh, I know. But its worth it to me to keep all my banking under one house. As I get older I’m willing to pay for fewer complications! ;)
     
    • Like x 1
  2. MrRandyB

    MrRandyB Member

    Joined:
    Jan 24, 2016
    Messages:
    247
    Location:
    Delaware
    I picked up my 3 on 05/03. All I took was the dealer funding request. Signed and gave them the DFR and got my tour and left. Just got all the fedex paperwork yesterday. Was super easy.
     
    • Like x 3
  3. TesLou22

    TesLou22 Member

    Joined:
    Feb 21, 2015
    Messages:
    57
    Location:
    Fl
    Ditto!
     
    • Like x 1
  4. Reid

    Reid Member

    Joined:
    May 7, 2018
    Messages:
    256
    Location:
    Redwood City, CA
    It's been almost 2.5 years now, but my Golf was financed with USAA @ 2%. Echo the other comments about not making too much of a hassle over a tiny difference in rates. I'm CIC- and they've been good to us.
     
    • Like x 1
  5. Dogwhistle

    Dogwhistle Member

    Joined:
    Sep 8, 2015
    Messages:
    182
    Location:
    Delaware
    Picked up my 3 yesterday, brought in the DFR with the loan amount pre-filled out. Paperwork was quick, he got to the loan part, saw I had a DFR, just took it and said thanks. That was it, no fax drama or anything. This was at the Devon, PA center.
     
    • Like x 1
  6. Ksculp

    Ksculp New Member

    Joined:
    Jun 28, 2018
    Messages:
    2
    Location:
    Texas
    I’m in Texas, and love/will finance through USAA. Any and all tips on the process (timing, tips, what to avoid) would be helpful. Did you finance it all or put a down payment? Thank you in advance.
     
  7. Firewired

    Firewired Member

    Joined:
    May 23, 2013
    Messages:
    705
    Location:
    San Antonio
    I use USAA since the mid 80’s. I have found them to no longer be competitive with most others. I have found PenFed, Randolph Brooks, and Alliant FCU auto have better rates. USAA also stopped GAP insurance last I checked. Not sure if they brought it back.
     
    • Like x 1
  8. SpiceWare

    SpiceWare Member

    Joined:
    Sep 5, 2015
    Messages:
    822
    Location:
    Fresno, Texas
    Another term for Total Loss Protection? If so then I have it on my loan with them.
     
    • Like x 1
  9. Thunder7ga

    Thunder7ga Member

    Joined:
    May 20, 2018
    Messages:
    320
    Location:
    Johns Creek, GA
    What was the length of the loan?
     
  10. Dana1

    Dana1 Supporting Member

    Joined:
    May 20, 2018
    Messages:
    882
    Location:
    Houston
    Hi, just paid last week with USAA. Emailed ISA the DFR (you can download it as a pdf from USAA website). Couple days later Tesla’s finance department confirmed with USAA. Delivery scheduled for July 10. Seemed to be pretty easy.
     
  11. Piney999

    Piney999 Member

    Joined:
    Feb 27, 2016
    Messages:
    397
    Location:
    East of Pikes Peak, Earth
    What rate are you guys getting from USAA? My last two cars, PenFed has been much better, but I haven't looked yet for the Model 3.
     
  12. Piney999

    Piney999 Member

    Joined:
    Feb 27, 2016
    Messages:
    397
    Location:
    East of Pikes Peak, Earth
    Who did you switch to?
     
  13. Ksculp

    Ksculp New Member

    Joined:
    Jun 28, 2018
    Messages:
    2
    Location:
    Texas
    Thank you!!!!
     
  14. CarterStC

    CarterStC Member

    Joined:
    Jun 26, 2018
    Messages:
    183
    Location:
    CA
    I'm picking up tomorrow. Got on a 3-way call with USAA and my ISA and they figured it out. Went from ISA requesting a check/wire-transfer today, to them saying they have a good relationship and the Funding Request will be sufficient at pick up. Hoping all goes smoothly.
     
    • Like x 1
  15. Dana1

    Dana1 Supporting Member

    Joined:
    May 20, 2018
    Messages:
    882
    Location:
    Houston
    USAA sent this after loan completed...

    “The vehicle does not qualify for the USAA Total Loss Protection plan. Refer to your Total Loss Protection Terms and Conditions document. You were not charged due to a non-qualifying vehicle.”
     
  16. Dogwhistle

    Dogwhistle Member

    Joined:
    Sep 8, 2015
    Messages:
    182
    Location:
    Delaware
    USAA gave me Total Loss Protection for my Model 3. It was an additional $299 tacked on to the loan.
     
  17. Piney999

    Piney999 Member

    Joined:
    Feb 27, 2016
    Messages:
    397
    Location:
    East of Pikes Peak, Earth
    Anyone willing to share what % rate they got with USAA?
     
  18. Dana1

    Dana1 Supporting Member

    Joined:
    May 20, 2018
    Messages:
    882
    Location:
    Houston
    Yes, originally I did that too. Then they sent the addendum with a note I hadn’t been charged.
     
  19. Dana1

    Dana1 Supporting Member

    Joined:
    May 20, 2018
    Messages:
    882
    Location:
    Houston
    They are all posted in tiers based on credit score.
     
  20. Reid

    Reid Member

    Joined:
    May 7, 2018
    Messages:
    256
    Location:
    Redwood City, CA
    Going through the Tesla/USAA gong show right now.
    Delivery was supposed to happen tomorrow AM so of course I get a call at 4:45pm confirming I have a check for them. Yeah, no..... that’s why I sent you the dealer funding request that you wouldn’t schedule an appointment without!
    My ISA dropped off the map once I sent that and we setup the appointment— no indication that I had to handle all the legwork myself.
    The woman who called today made sure to blame the fact that I wasn’t financing through them, as often as possible, and seemed sure that I must know how to fund an auto loan with no input from the seller.
    She insisted that ACH is the fastest; else wire transfer or check is slower, which of course I know is not true. (My bank confirmed ACH can take up to 72h so I have no idea how this will go).

    Also, when we were rescheduling my appointment l said the only day I can commit to without confirming with my wife is next Thursday, and I was told they can’t hold a car for that long. Thanks for the flexibility!

    Anyway, just got off the phone with USAA who insist plenty of members have had DFRs sent in by Tesla.

    After a lengthy hold she wasn’t able to find any reason I couldn’t fill out the DFR and submit it myself on behalf of Tesla, but recommended against it lest it cause problems with the dealer if they’re not okay with me doing that. Well, I got news for ya, none of this pay-for-a-car-without-seeing-it stuff is a good idea!! :)

    I have a 5:15 appt tomorrow for pickup and I’ll probably submit the DFR myself but I have zero confidence the money will actually arrive in time.
     

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