I have a few dumb questions regarding the sequence of Loan and Delivery and hope some of you can kindly advise:
1. I saw a few folks here started the loan (paying for interest/principle) before you actually get the car, because Tesla couldn't deliver on the day scheduled. What happens next - do you keep paying for the loan or can you still back out from the Bank/Credit Union?
2. If you still pay for the loan, is there any downside other than just paying early? I would think you will pay off the loan early as well, so is it the same amount in total that you paid?
3. What happens if they assign you a different VIN later, does that mean Bank/CU has to go through the whole new loan application again since this a different car?
4. I'm about to sign on the loan for a car that suppose to deliver tomorrow but was told car wont be here until Oct 30. I'm wondering if I should just sign anyway to lock in the low interest rate before it expires, or should I hold off until next delivery. But theoretically, they could push out next delivery after I sign the loan docs, so back to the first 3 questions again.
Thank you for reading the long post.
1. I saw a few folks here started the loan (paying for interest/principle) before you actually get the car, because Tesla couldn't deliver on the day scheduled. What happens next - do you keep paying for the loan or can you still back out from the Bank/Credit Union?
2. If you still pay for the loan, is there any downside other than just paying early? I would think you will pay off the loan early as well, so is it the same amount in total that you paid?
3. What happens if they assign you a different VIN later, does that mean Bank/CU has to go through the whole new loan application again since this a different car?
4. I'm about to sign on the loan for a car that suppose to deliver tomorrow but was told car wont be here until Oct 30. I'm wondering if I should just sign anyway to lock in the low interest rate before it expires, or should I hold off until next delivery. But theoretically, they could push out next delivery after I sign the loan docs, so back to the first 3 questions again.
Thank you for reading the long post.