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Financing

Discussion in 'Model S: Ordering, Production, Delivery' started by SoCalNick, Aug 13, 2018.

  1. SoCalNick

    SoCalNick Member

    Joined:
    Oct 10, 2017
    Messages:
    62
    Location:
    SoCal
    Hey Guys.

    I'm getting financing options from 3.5% to 4.9%.

    What companies did you get quotes from?

    Thanks.
     
  2. ztaylor

    ztaylor Member

    Joined:
    Jul 29, 2017
    Messages:
    67
    Location:
    Vancouver BC Canada
    Guess it doesnt count but 1.99 in Canada with Scotiabank
     
  3. SoCalNick

    SoCalNick Member

    Joined:
    Oct 10, 2017
    Messages:
    62
    Location:
    SoCal
    Yes, I'm in California, but thank you.
     
  4. rweggert

    rweggert Member

    Joined:
    Aug 9, 2018
    Messages:
    13
    Location:
    Chicago
    I got 1.74% last week from Tesla Finance. Approved. Have you checked with them?
     
  5. mikey23

    mikey23 Member

    Joined:
    Jul 2, 2018
    Messages:
    8
    Location:
    Clayton, NC
    The interest is different depending on which size battery you get. The 100D is less interest than 75D. Nick must be getting the 75D
     
  6. sdnd

    sdnd Member

    Joined:
    Jul 28, 2018
    Messages:
    27
    Location:
    San Diego
    just got approved for 2.95 via pmcu in SoCal, Tesla was at 4.44

    good luck!
     
  7. Ahzuz

    Ahzuz Member

    Joined:
    Jul 16, 2018
    Messages:
    31
    Location:
    Montréal
    Wow, i'm in Canada with 75D and I didn't check outside Tesla preferred broker as I assumed they would've the best rates.
    But I got 3.49% for 60 months from Tesla
     
  8. 10dot

    10dot Member

    Joined:
    Jun 28, 2018
    Messages:
    46
    Location:
    Earth
    I just got 2.99% for a 75D through Tesla Lending (I believe it was Wells Fargo, but will have to check). It was 0.75% better than the next best (Alliant), and the process was super easy.
     
  9. ohm-ms

    ohm-ms Member

    Joined:
    Jul 20, 2018
    Messages:
    28
    Location:
    Chicago
    So does Tesla lending just broker multiple lenders and pick the best one? Assuming they pull credit once and share it with the lenders, that seems like an easy way to go vs me running around and having credit pulled at each. I know most car manufacturers do it this way but this is my first experience with tesla.
     
  10. MXWing

    MXWing Active Member

    Joined:
    Oct 13, 2016
    Messages:
    3,782
    Location:
    USA
    I believe this is the case. I know Tesla matched me with chase for the X and then US Bank for the 3.

    As far as your rate @SoCalNick factors will depend like your credit score and down payment and terms.

    You just have to shop everywhere as terms really vary.
     
    • Like x 1
  11. 10dot

    10dot Member

    Joined:
    Jun 28, 2018
    Messages:
    46
    Location:
    Earth
    Yeah that's exactly it. They take your application and shop it around to their partner banks and then get back to you in like a day with the best rate. I tried Alliant too because so many people here got great rates from them in the past, and my local bank (Wintrust) but both of those came back with slightly higher rates.
     
    • Like x 1

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