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Looking for the best financing deals for CPO Model S!

Discussion in 'Model S: Ordering, Production, Delivery' started by cookie99, Nov 13, 2019.

  1. cookie99

    cookie99 Member

    Joined:
    Mar 14, 2016
    Messages:
    823
    Location:
    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!
     
  2. Drew-MS

    Drew-MS Member

    Joined:
    Nov 13, 2019
    Messages:
    16
    Location:
    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)
     
    • Informative x 1
  3. TSLC

    TSLC Member

    Joined:
    Oct 1, 2017
    Messages:
    53
    Location:
    Utah
    Wow things have really changed from the .99% days a few years back...
     
  4. ZappCatt

    ZappCatt Member

    Joined:
    Nov 2, 2019
    Messages:
    320
    Location:
    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
     
    • Like x 1
  5. cookie99

    cookie99 Member

    Joined:
    Mar 14, 2016
    Messages:
    823
    Location:
    California
    i be joining credit unions left and right. eventually one of them is going to be right for me. thanks for this information
     
  6. Drew-MS

    Drew-MS Member

    Joined:
    Nov 13, 2019
    Messages:
    16
    Location:
    New York
    Wow I guess I should have looked a bit better. My 4% rate seems high compared to these rates :(
     

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