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Financing

Discussion in 'Model S: Ordering, Production, Delivery' started by thomasjones, Jul 28, 2017.

  1. thomasjones

    thomasjones Member

    Joined:
    Jul 28, 2017
    Messages:
    7
    Location:
    RAHWAY
    Hello all,

    I ordered a MS in June. I completed a finance application but I have heard nothing since. It would be a good thing to know the rate being offered etc. Anyone else have this issue?

    Thanks
     
  2. gregdufeu

    gregdufeu Member

    Joined:
    Jul 28, 2017
    Messages:
    5
    Location:
    Northamptonshire
    Hi,

    June, wow! I placed my order on Wednesday and have been having anxiety attacks since as I haven't had a status update on my finance application. I have emailed and phoned the sales advisor in Solihull multiple times but have had no info back.

    Cheers
     
  3. ada43952

    ada43952 Member

    Joined:
    Jul 10, 2017
    Messages:
    41
    Location:
    Ohio
    Are you trying to finance through Tesla? Either way, that seems highly odd! I've applied through my personal bank and through Tesla and in both cases I've gotten a response within 48 hours(approvals in both cases).
     
  4. gregdufeu

    gregdufeu Member

    Joined:
    Jul 28, 2017
    Messages:
    5
    Location:
    Northamptonshire
    Yep mine is through Tesla. The application stated that in most cases a decision is made within 4 hours so no idea what the hold up is or why Tesla Solihull aren't giving me the time of day...I've just agreed to spend 85k with them!
     
  5. Moshne

    Moshne Member

    Joined:
    Jul 22, 2017
    Messages:
    30
    Location:
    North Hollywood
    Email the financing folks. I emailed them and they got me an answer 30 minutes later.
     
  6. gregdufeu

    gregdufeu Member

    Joined:
    Jul 28, 2017
    Messages:
    5
    Location:
    Northamptonshire
    FYI I decided to just fill out the credit application again last night and first thing this morning I received a call from the finance company. The guy said when an application is submitted they receive an email alert and apparently they had my first application but hadn't received the alert so no one had responded, I should have a decision today apparently.
     
  7. yargok

    yargok Member

    Joined:
    Aug 17, 2017
    Messages:
    15
    Location:
    Massachusetts
    Sorry to hijack the thread, but had a question about how financing rates work with Tesla.

    Through September 30, financing is 0.99% through Tesla. When I placed my order a few days ago, Design Center promised end of September delivery so I thought I was all square.

    Today, the order was confirmed and now shows an estimate of October through Early November. This misses the financing window. If i submit my application towards the end of September, does the rate get locked in for 30 days?

    Quite a bit frustrated that I'm holding the risk on the rate when I don't control nor have good information on delivery timing.
     
  8. PrGrPa

    PrGrPa Member

    Joined:
    Aug 12, 2017
    Messages:
    68
    Location:
    Manchester

    It might depend on your local rules. In the UK the various credit legislation sets the deal at the time of signing, not the time of delivery.
     
  9. mandersen

    mandersen Member

    Joined:
    Aug 16, 2017
    Messages:
    86
    Location:
    Woodinville, WA
    The rate is locked for 30 days. I asked the question as I was locked but my delivery date is after the lock expires. I was told that the 0.99% has been extended through next quarter. I am in the US, so not sure, but check with your sales rep or delivery agent, they can both answer that question for you.
     

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