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Let's talk financing rates
- Thread starter flashflooder
- Start date
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- Model 3
Yes live or work in San Diego or Riverside county. I got 1.5% for 48 months and satisfied with the process so far.
I just got Star One CU 84 month loan at 2.49%. They do not change the rate for 5, 6, and 7 years. It only depends on your credit score. Above 730 FICO is the lowest interest rate. This CU requires live/work in Santa Clara County or a relative who is already a member.
When you select Tesla financing, it doesn’t run credit or anything, it will tell you to return when your VIN number is assigned. Then you’ll get a notification to fill our the rest of the credit application. Even then you can change it from Tesla financing to cash or own financing. You’re not locked into anything.
ggumz
Member
Dropping in to share my experience getting financing. As many before me in this thread have, I first tried with Ryan @ FPCU in Irvine.
I asked a few specific questions up front, main one being what kind of rates FPCU could offer with no money down. I received a prompt, boilerplate response that completely ignored my question. I followed up with a reply to Ryan, asking again, what rates they could offer with no money down, and have received no response. So, unless you're looking to put 15% down, don't waste your breath or keystrokes contacting Ryan at FPCU.
Alternatively, I reached out to XCFU and received a follow up phone call 24 hours later from Alfredo. He was able to offer me 2.4%, $0 down, 72 months - and that is what I'm moving forward with. I do have a 800 FICO score, so I'm sure it helped a bit, but for anyone in a similar situation as myself, give Xceed a shot.
I asked a few specific questions up front, main one being what kind of rates FPCU could offer with no money down. I received a prompt, boilerplate response that completely ignored my question. I followed up with a reply to Ryan, asking again, what rates they could offer with no money down, and have received no response. So, unless you're looking to put 15% down, don't waste your breath or keystrokes contacting Ryan at FPCU.
Alternatively, I reached out to XCFU and received a follow up phone call 24 hours later from Alfredo. He was able to offer me 2.4%, $0 down, 72 months - and that is what I'm moving forward with. I do have a 800 FICO score, so I'm sure it helped a bit, but for anyone in a similar situation as myself, give Xceed a shot.
ahurst
Member
Did you just signed up online? What was the process like? Do you have a direct contact?
ggumz
Member
Yes, filled out their online application for auto financing and was contacted by phone 24 hours later. Very smooth process.
My direct contact is Alfredo Reyes: [email protected]
Yes, you should wait until your VIN. The approvals last for 30-60 days depending on who you finance with. If your car isn't set to be delivered in time, you'll need to apply again.
...was baited and switched by FPCU twice 2 days before taking delivery on the 28th..one with stated 1.99 lock which I have emails stating such and two being able to take advantage of 2.24 72 month promo rate via text..
...delayed delivery a week and now in the hands of another credit union with the same original terms as EV gets 0.50% discount and going through approval and funding..Tesla stated they will put the car back into the queue if I don't take delivery this Saturday..
...Ryan misrepresented the terms..if he knew what he was doing i would have secured another loan with the more favorable terms with the lender i am going with now and wouldn't be going through this and pracically nagging and begging to rush my application..
...I am hopeful it will work out and if anything as Tesla registers car under the owner..I am sure it may be an issue to register under someone else?
...delayed delivery a week and now in the hands of another credit union with the same original terms as EV gets 0.50% discount and going through approval and funding..Tesla stated they will put the car back into the queue if I don't take delivery this Saturday..
...Ryan misrepresented the terms..if he knew what he was doing i would have secured another loan with the more favorable terms with the lender i am going with now and wouldn't be going through this and pracically nagging and begging to rush my application..
...I am hopeful it will work out and if anything as Tesla registers car under the owner..I am sure it may be an issue to register under someone else?
...I have emails with him stating that and emails stating he was wrong..beware..
I did the 1.5% 48 month loan with them. Easy to work with. They're cranking out the Tesla Model 3 loans and having fun tracking which color people are picking up.
...ever think why he is advertising on a tesla forum? he will bait and switch you when loan documents are being generated and change the terms hoping you didn't secure another loan. he hopes your take his terms since delivery has been scheduled..good luck..
...go with anyone else than fpcu and ryan..you'll regret it if you don't..there's a reason why he will work someway to get you to be a member even though you don't qualify to be in their service area..
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