Financing

[SoCalNick]

Hey Guys.

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

What companies did you get quotes from?

Thanks.

 

[ztaylor]

Guess it doesnt count but 1.99 in Canada with Scotiabank

 

[SoCalNick]

Guess it doesnt count but 1.99 in Canada with Scotiabank

Yes, I'm in California, but thank you.

 

[rweggert]

I got 1.74% last week from Tesla Finance. Approved. Have you checked with them?

 

[mikey23]

The interest is different depending on which size battery you get. The 100D is less interest than 75D. Nick must be getting the 75D

 

[sdnd]

just got approved for 2.95 via pmcu in SoCal, Tesla was at 4.44

good luck!

 

[Ahzuz]

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

 

[10dot]

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.

 

[ohm-ms]

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.

 

[MXWing]

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.

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.

 

[10dot]

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.

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.