First loan payment not due until 30 days after delivery?

[Adam K]

Is this true? I've been trying to get a hold of my bank guy for a week or more and he's either not answering the phone or out of the office. I managed to get him the info and he said he would pull my credit and get back to me on rates. That was last Friday... My delivery is this Saturday and he's out of office today but back tomorrow. I'm hoping that if he lets me down then I can still accept delivery and pay the downpayment with a certified check on Saturday morning.

 

[lUtriaNt]

congrats on your new tesla.

you can pay with a cert. check. i used tesla financing (wells fargo) and they gave me a month and a half (45 days). i would surmise you have 30 days once you complete the sale.

 

[Adam K]

congrats on your new tesla.

you can pay with a cert. check. i used tesla financing (wells fargo) and they gave me a month and a half (45 days). i would surmise you have 30 days once you complete the sale.

Ended up getting the loan finished the morning of delivery and then showing up an hour late. No problems. And yes, first payment not due until April. Thanks!

 

[Jenkins8]

I am doing research on this topic as I am waiting for my delivery in early June-mid July. I did see on Tesla's lending site that there's 4-5 options for financing?

 

[SourJellybeans]

That seems pretty standard. FWIW, I did 3rd party financing, 0 down payment, and credit union cut me a check for the total balance to take to pick up the car, with first payment due ~30 days (really, 1 month) after the date the check was issued. CU offered 0.70% lower APR than Tesla loan, in part due to their EV bonus of -0.25%.

 

[BMWM3Man]

Yes but I called about 5 days later and got my account and logged in. I wanted to get a payment on the books ASAP.