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Making Money on Financing

avalpert

Member
Oct 7, 2019
44
48
Silver Spring, MD
Can someone check me here to make sure I got this right. Apparently, Tesla will match financing rates you get elsewhere after delivery (within 7 days) by cutting you a check for the total difference in interest across the life of the loan (not adjusted for present value or anything like that). Tesla's loans also have no pre-payment penalties or fees of any kind. So, if I finance through Tesla, then send in my lower rate approval (right now it 75 basis points lower than the 3.24% Tesla offered me, on Monday there is one more place that might give me another 20 basis points) they will send me a check for ~$900, I can payoff my loan after accruing only a couple weeks interest and pocket the difference (let's call it a rebate for the purchase).

Anything I missed in this process that might change the calculus?
 

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