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Model 3 Financing

Discussion in 'Model 3: Ordering, Production, Delivery' started by robertdesarbo, Jun 19, 2018.

  1. robertdesarbo

    robertdesarbo Member

    Joined:
    May 18, 2018
    Messages:
    65
    Location:
    New York
    I apologize if this was already covered but does anyone have a good recommendation for financing? My local CU is 3% for 72 months which isnt bad.

    Does anyone know what Tesla's options are offering? I put down to finance through Tesla but if the rates are really bad ill go somewhere else. I have excellent credit and looking to put ~$10,000 down.

    I live in NY.

    Invite - 4/18
    Config - 4/20
     
  2. robertdesarbo

    robertdesarbo Member

    Joined:
    May 18, 2018
    Messages:
    65
    Location:
    New York
    1-2 months ago someone told me 3.39% 72 month, 3.34% 60 month, and 3.24% 48 month but wasnt sure what others experiences were if they dont mind sharing.
     
  3. duckm4n

    duckm4n Member

    Joined:
    Jan 30, 2018
    Messages:
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    Location:
    Fairfax, VA
    • Informative x 1
    • Like x 1
  4. Surfrider007

    Surfrider007 New Member

    Joined:
    May 22, 2018
    Messages:
    3
    Location:
    Los Angeles
    just got 72 months from California Credit Union for 2.39%. They were fantastic to deal with. Picking up a check today with delivery on Saturday.
     
    • Informative x 1
  5. PR MAVERICK

    PR MAVERICK Member

    Joined:
    Jun 2, 2018
    Messages:
    9
    Location:
    Florida
    Dcu 2.49% 65 months with 10k down
     
    • Informative x 1
  6. JAUSA

    JAUSA Member

    Joined:
    Jan 11, 2018
    Messages:
    14
    Location:
    Menlo Park
    How much did you finance?
     
  7. robquast

    robquast Member

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    Feb 21, 2017
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    Location:
    Glastonbury, CT
  8. Surfrider007

    Surfrider007 New Member

    Joined:
    May 22, 2018
    Messages:
    3
    Location:
    Los Angeles
    48k
     
  9. Lasttoy

    Lasttoy Member

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    Mar 24, 2017
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    Location:
    St Augustine, Fl
    3% is great, take it. I got 3.15%
     
  10. brianhill33

    brianhill33 Member

    Joined:
    Aug 4, 2017
    Messages:
    13
    Location:
    Guilford, CT
    I also live in CT. I pick up my 21,xxx VIN at the Mt Kisco, NY store on 6/26, just in time to take advantage of the EV loan program. I'm financing the max $30k at .99% for 66 months.

    3/31/16 line waiter at Short Hills, NJ, 4/15/18 invite, 4/17/18 Configuration, 6/11/18 Preparing for Delivery Email, 6/26/18 Delivery
    Black, PUP, Aero, EAP
     
  11. thatguy142

    thatguy142 Member

    Joined:
    Jun 14, 2018
    Messages:
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    Location:
    Connecticut
    Ugh, really disappointed to see that the EV Loan program is ending so soon. I wonder if a new program will come about for the next fiscal year.
     
  12. thatguy142

    thatguy142 Member

    Joined:
    Jun 14, 2018
    Messages:
    24
    Location:
    Connecticut
    So just spoke to someone who works at Greenbank and while it doesn't say it on the website yet, the program will still be around after June 30th with a rate of 1.99% moving forward.
     
  13. duckm4n

    duckm4n Member

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    Messages:
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    Location:
    Fairfax, VA
    If you or any part of your family is associated with the Federal Government or it's contractors you should quality for FedChoice FCU. New Members get a 1% discount of their rates and through June 30 they have an extra .25% off. Their lowest minimum rate is 1.49%. It is currently possible to get 1.49% for up to 72 months during this discount.
     
    • Informative x 1
  14. duckm4n

    duckm4n Member

    Joined:
    Jan 30, 2018
    Messages:
    8
    Location:
    Fairfax, VA
    Sorry, meant to put immediate family or household
     
  15. SyrinxStarman

    SyrinxStarman New Member

    Joined:
    Jun 7, 2018
    Messages:
    4
    Location:
    Los Angeles
    Got pre-approved with Xceed for 55k at 3.2% for 84 mos (probably will go with 72, but was curious what 84 would look like). $0 down aside from the $3,500 to Tesla. Hoping to order in the next few months.
     
  16. walt2810

    walt2810 Member

    Joined:
    Apr 19, 2018
    Messages:
    6
    Location:
    Diamond Bar
    2.64 @ 72 months - 35k @ NuVision CU southern california
     
  17. dendenyc

    dendenyc Member

    Joined:
    Apr 7, 2018
    Messages:
    85
    Location:
    New York
    2.79% @ 72mnt from Bethpage CU in NY...closing is a pain in the rear (because of Tesla not CU). They require you open a savings account at the CU which has to be funded with min $5
     
  18. psyrob

    psyrob Member

    Joined:
    Apr 23, 2018
    Messages:
    56
    Location:
    Sherman Oaks
    I got 4.74% for 60 months from Wells Fargo, but I have less than perfect credit, one past loan settled for less than full amount. Anyone use Tesla financing with some credit ding? I had a meeting with a Wells Fargo loan officer and explained all the circumstances which made the difference, as just applying on line I was getting turned down: I thought Wells Fargo might be a more flexible as they need to improve their reputation.
     
  19. Gborn

    Gborn New Member

    Joined:
    Jul 5, 2018
    Messages:
    4
    Location:
    New York
    Dendennyc- Did you look into other Long Island credit unions? Thx
     
  20. ghostaudi6

    ghostaudi6 Member

    Joined:
    Jul 5, 2018
    Messages:
    6
    Location:
    Bay Area
    Tesla financing offered me 50k @ 3.55% with 10% down
     

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