I'm still super excited about getting my Tesla, but very frustrated about the financing. Their online calculator claiming it will be $5,000 down and 1.49% for 72 months, and the OAs saying 5-10% down at that rate as long as you have good credit is just inaccurate and while I realize they are trying to sell cars they should be more honest.
Just got my Tesla financing offer for my model X delivering this month, and the only one that was 1.49% required 20% down (when you live in Cali and your taxes are 10k, that plus 20% is around 30k which I just don't have lying around during the holidays). The ones that would finance the full amount were 3.9% which is just ridiculous comparatively. This is with an 800+ credit score, a previous auto loan (though only 26k), and a large revolving student debt that I pay off every month, and a DTI of 15% (adding the Telsa will only make it 24%)
I'm looking at outside financing institutions: Alliant, TechCU, USAA. Anyone counter with the Tesla financing and succeed? Did you go through the Tesla finance person or talk to banks directly?
Just got my Tesla financing offer for my model X delivering this month, and the only one that was 1.49% required 20% down (when you live in Cali and your taxes are 10k, that plus 20% is around 30k which I just don't have lying around during the holidays). The ones that would finance the full amount were 3.9% which is just ridiculous comparatively. This is with an 800+ credit score, a previous auto loan (though only 26k), and a large revolving student debt that I pay off every month, and a DTI of 15% (adding the Telsa will only make it 24%)
I'm looking at outside financing institutions: Alliant, TechCU, USAA. Anyone counter with the Tesla financing and succeed? Did you go through the Tesla finance person or talk to banks directly?