-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Let's talk financing rates
- Thread starter flashflooder
- Start date
-
- Tags
- Model 3
C141medic
Active Member
I’m a current PenFed member and you can find way better rates elsewhere if you’re looking for a term of 36 months or longer. They used to be very competitive with rates, credit cards and other loans but from my experience no longer.
Source? I've not looked into this in four years but cursive look still puts them towards the top.
C141medic
Active Member
C141medic
Active Member
Depends on the term you’re looking at. If you’re looking at 36 months or below PenFed has a very low rate.
Are these both interest rates or APR? Sometimes it gets confusing if we are comparing interest rate to APR?
After bit back and forth, I got 2.49% for 72 months from TechCU - financing up to 100% of car value.
Other option were (a) 2.90% for 72 months from US bank and (b) 2.9% for 72 months with 10% down payment
Other option were (a) 2.90% for 72 months from US bank and (b) 2.9% for 72 months with 10% down payment
What did you have to do to get that rate from tech cu? Just trying to see if I can get that from Florida
Have to be related to tech cu
It seems like one way to qualify would be to join is if you are a member of "the Financial Fitness Association", which, if presuming - Financial Fitness Association is the same organization, could be had with a $8 one-year membership.
myblubu
Member
For those on west coast looking for 72 months - Pacific Marine CU has 2.49% APR with up to 120% financing.
Link: Loan Rates
Link: Loan Rates
myblubu
Member
One more... Delta Community CU has 1.98% APR for everything up to 60 months, 2.48% for 72 months, and 2.98% for 84 months.
Link: New Car Loans | Used Car Loans - Delta Community Credit Union
Link: New Car Loans | Used Car Loans - Delta Community Credit Union
It looks like their published rates are a bit higher than this. How did you get them to reduce it?
Tesla first sent me Chase offer. I told them I have seen lower rates elsewhere. So then they sent me US bank offer. In the mean time, I called TechCU and they told me I should get qualified for 2.49 APR. So, I asked Tesla to contact TechCU. TechCU came back with 2.49 for but wanted me to put $5k down. I told Tesla to talk to TechCU to agree to 100% financing. Tesla called TechCU and TechCU agreed to it. All in all it took about 24 hours for all the back and forth. So, I still felt it was very quick.
If you don’t mind me asking, what was the quote like from Chase or US Bank? Would be nice if the Chase rate was reasonable (they are my primary bank).
Thanks for the details. I was considering TechCU but now I think I have an in to join Delta Community CU and they have really good rates on their shorter term loans.
Similar threads
