Good Morning,Afternoon,
My apologies up front if I ask anything that has been answered and I just missed it during my search.
So essentially I am eager to get my Model S reserved, finalized, and delivered. My wife is mostly on board with this process except for the fact that she is the financially practical one and I'm well... Not... So as part of this process we, well she, has come up with a set of questions\concerns that I must address before I can make this process go forward. I have sat on this for a few weeks while I make sure that I'm 100% committed to this before I waist mine, and more importantly, any of the forums time. So here is goes.
1. While I have not applied, my plan is to finance with KeyPoint CU here in the Bay Area. It seems to get good reviews here and it's local to me which is important to me. I bank with Bank of the West normally but haven't approached them on this since their rates are not likely to compare at all.
1a. This is where it get sort of complicated, I have a 2008 Silverado that I want to "trade-in" on this but where I'm stuck is Tesla's trade-in process appears to be more of a joke than a serious attempt by them at this time. Considering the other challenges they have faced I can see why this isn't a major focus right now. In addition to that, like a lot of people who have been trading and buying ICE for years, I have some negative equity on that vehicle. What I'd normally do is just take the negative equity and apply it to the loan for the "new" vehicle. Does Tesla allow that? Does anyone have any experience with that? I realize that KeyPoint is going to play a role here so anyone with any input on that side is appreciated as well.
2. I got a quote for the additional outlet in my garage but since I rent right now I'm going to use the 8911 tax credit to help convince my landlord to pay for some, if not all of it, anyone tried this with success before?
3. Anyone have any experience with the rear-facing jump seats and CA law? I tried finding a good answer but the information is all over the place, just looking for a clearer picture on this.
4. My understanding, and please, please correct me if I'm wrong, is that you put the $5K down and then you finalize but if for any reason you can't purchase when the car is done you have simply forfeited that $5K and Tesla sells your car to someone else. Is that accurate? While I don't anticipate that being an issue as I have a great job and "perfect" credit, you just never know and I hate surprises...
Thank you for your time and input, help, guidance. Because of the amount of miles I drive a month (will fit nicely with the 85KWH) and the way the company I work for reimburses my mileage, the car almost half pays for itself...
Jeff
My apologies up front if I ask anything that has been answered and I just missed it during my search.
So essentially I am eager to get my Model S reserved, finalized, and delivered. My wife is mostly on board with this process except for the fact that she is the financially practical one and I'm well... Not... So as part of this process we, well she, has come up with a set of questions\concerns that I must address before I can make this process go forward. I have sat on this for a few weeks while I make sure that I'm 100% committed to this before I waist mine, and more importantly, any of the forums time. So here is goes.
1. While I have not applied, my plan is to finance with KeyPoint CU here in the Bay Area. It seems to get good reviews here and it's local to me which is important to me. I bank with Bank of the West normally but haven't approached them on this since their rates are not likely to compare at all.
1a. This is where it get sort of complicated, I have a 2008 Silverado that I want to "trade-in" on this but where I'm stuck is Tesla's trade-in process appears to be more of a joke than a serious attempt by them at this time. Considering the other challenges they have faced I can see why this isn't a major focus right now. In addition to that, like a lot of people who have been trading and buying ICE for years, I have some negative equity on that vehicle. What I'd normally do is just take the negative equity and apply it to the loan for the "new" vehicle. Does Tesla allow that? Does anyone have any experience with that? I realize that KeyPoint is going to play a role here so anyone with any input on that side is appreciated as well.
2. I got a quote for the additional outlet in my garage but since I rent right now I'm going to use the 8911 tax credit to help convince my landlord to pay for some, if not all of it, anyone tried this with success before?
3. Anyone have any experience with the rear-facing jump seats and CA law? I tried finding a good answer but the information is all over the place, just looking for a clearer picture on this.
4. My understanding, and please, please correct me if I'm wrong, is that you put the $5K down and then you finalize but if for any reason you can't purchase when the car is done you have simply forfeited that $5K and Tesla sells your car to someone else. Is that accurate? While I don't anticipate that being an issue as I have a great job and "perfect" credit, you just never know and I hate surprises...
Thank you for your time and input, help, guidance. Because of the amount of miles I drive a month (will fit nicely with the 85KWH) and the way the company I work for reimburses my mileage, the car almost half pays for itself...
Jeff