Let's talk financing rates

[LBusDoor90]

How are interest rates in NJ? Has anyone found any interest rates lower than what Tesla is offering at 3.25%?

The South Jersey Federal Credit Union last told me they are still ready to offer 2.24% (maybe 1.99% if my credit checks out as excellent with an underwriter's blessing) but that was about a week ago. Tesla is on its 2nd VIN for me and I'm hoping they'll draw up the buyer's order or contract soon before rates go up.

 

[zaku178]

The South Jersey Federal Credit Union last told me they are still ready to offer 2.24% (maybe 1.99% if my credit checks out as excellent with an underwriter's blessing) but that was about a week ago. Tesla is on its 2nd VIN for me and I'm hoping they'll draw up the buyer's order or contract soon before rates go up.

Wow those are pretty impressive rates. Too bad I don't qualify, I'm up in Central Jersey and the rates up here start around 3.75%

 

[BradNeilford]

2.34% @ TDECU in Texas if anyone is interested.

Any info on term for this rate? This is in my area and I just got my VIN today.

 

[M3 Hype]

Got approved with Logix for 1.49% for 36 months. Then used Lightstream's Rate Beat Program to get it down to 1.39%. Found out about Lightstream through this thread so thanks to everyone who shared!

Echoing previous posters, loan is unsecured so I chose to have funds deposited directly into my account, and then going to ACH the full amount to Tesla. Scheduled for pickup next week!

 

[ebmcs03]

Lightstream lists 3.09% on their site. They’re willing to match down to 1.49% or lower?

 

[M3 Hype]

Lightstream lists 3.09% on their site. They’re willing to match down to 1.49% or lower?

They did in my case. Beat it by 0.1% according to their offer. Loan docs electronically signed earlier tonight.

 

[viktorleon]

Does anyone know which credit score Lightstream uses (Experian, Trans, or Equifax)?

 

[M3 Hype]

Lightstream used Equifax. Logix used Experian.

 

[Mod3l 3]

Any info on term for this rate? This is in my area and I just got my VIN today.

I looked for the standard 60 month term. Not sure about the rest.

Also curious. When & what spec did you configure?

 

[paulvinh]

Anyone get any good rates in Southern CA?

 

[viktorleon]

Anyone get any good rates in Southern CA?

Schools First FCU.

Must be an educator or related to an educator and $5 to open an account.

 

[r0xx0r]

Schools First FCU.
View attachment 300435

Must be an educator or related to an educator and $5 to open an account.

View attachment 300437

I recently went with SchoolFirsts FCU. With a loan lower than $50k, most members will have a pre-approved 1.99% APR / 60 months.

 

[NoTDI]

Anyone get any good rates in Southern CA?

Financial partners CU
60 @2.24

 

[paulvinh]

I recently went with SchoolFirsts FCU. With a loan lower than $50k, most members will have a pre-approved 1.99% APR / 60 months.

My cousins are educators but do they need a account with them before I can get one?

 

[r0xx0r]

My cousins are educators but do they need a account with them before I can get one?

I think yes. They would need an account first then refer you to join the credit union. You can call and ask them.

 

[Supertester777]

Xceed Financial Federal CU. 1.75% with direct deposit for 36 months.

 

[lemketron]

Please feel free to add new lenders (especially credit unions) and updated rates to the Tesla Financing shared doc...

I got my TM3 a week ago with 2.49% for 84 months at Star One so I’m not updating that spreadsheet as often as I was when I was looking for my own financing. Pay it forward...

And don’t stress about a quarter or half point difference in rate. Making the term longer has a much bigger impact on the monthly payment, as can be seen in that doc.

 

[paulvinh]

Financial partners CU
60 @2.24

How did you qualify for membership?

 

[Ludalicious]

2.49% here for the model 'S' P100D. It all depends on the model though. Lower models I noticed that the interest rate went up to 3.49% over the same term.

 

[ChunkyJ]

How did you qualify for membership?

If you are already a member of another CU or if you live in a certain zip code in OC then you would qualify for their membership