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Looking for the best financing deals for CPO Model S!

cookie99

Member
Mar 14, 2016
911
499
California
Anyone have any suggestions. TECHCU used to be a very very good one, offering rates at 2%, i just checked again recently, and it says their rates START at 5%.. oi.

Anyone have any suggestions where I should check? I'm willing to join any credit union or jump through any hoops to join them. Please let me know what kind of deals you got! Thanks!
 

Drew-MS

Active Member
Nov 13, 2019
2,023
5,604
New York
I purchased a CPO P100D 3 weeks ago. After comparing several different options, I chose Bank of America. Not only did BOA have the best rate by quite a bit, the entire process was super quick, easy, and it was all done online. The approval happened seconds after submitting the online application and my rate is 4.05%.(Fico 752). It's sort of irrelevant but interesting; supposedly BOA is the #1 bank used by purchasers of CPO Tesla's (people who get their own financing)
 
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Reactions: cookie99

ZappCatt

Member
Nov 2, 2019
320
266
Santa Clara
Stanford Federal Credit Union has good rates.
They allow anyone to be a member if you join the Friends of Palo Alto Library($20) (and they say they will reimburse you for that even)


New & Used Auto (Vehicles 7 model years or newer with less than 75K miles)
0 to 36 Months as low as 2.49%*
37 to 60 Months as low as 2.74%*
61 to 84 Months
(20K minimum) as low as 3.24%*

I heard about them from the spreadsheet in another thread about Car loans here on Tesla Motors Club.

Auto Loans - Stanford Federal Credit Union
 
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Reactions: cookie99

cookie99

Member
Mar 14, 2016
911
499
California
Stanford Federal Credit Union has good rates.
They allow anyone to be a member if you join the Friends of Palo Alto Library($20) (and they say they will reimburse you for that even)


New & Used Auto (Vehicles 7 model years or newer with less than 75K miles)
0 to 36 Months as low as 2.49%*
37 to 60 Months as low as 2.74%*
61 to 84 Months
(20K minimum) as low as 3.24%*

I heard about them from the spreadsheet in another thread about Car loans here on Tesla Motors Club.

Auto Loans - Stanford Federal Credit Union

i be joining credit unions left and right. eventually one of them is going to be right for me. thanks for this information
 

Drew-MS

Active Member
Nov 13, 2019
2,023
5,604
New York
Stanford Federal Credit Union has good rates.
They allow anyone to be a member if you join the Friends of Palo Alto Library($20) (and they say they will reimburse you for that even)


New & Used Auto (Vehicles 7 model years or newer with less than 75K miles)
0 to 36 Months as low as 2.49%*
37 to 60 Months as low as 2.74%*
61 to 84 Months
(20K minimum) as low as 3.24%*

I heard about them from the spreadsheet in another thread about Car loans here on Tesla Motors Club.

Auto Loans - Stanford Federal Credit Union

Wow I guess I should have looked a bit better. My 4% rate seems high compared to these rates :(
 

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