Oh yeah, I know it's going to move around a lot. I have 4 EDD changes before I put it on hold. I have to pick up in Colorado Springs so just hoping eventual delivery day isn't in the middle of a snow storm
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t.e.s.l.a_dude
Member
Interesting that it did not move a bit into Jan or Feb territory. Did you put two holds prior to this?
itsallaboutme
Member
Yes I did. I was told to put another hold after the 1st one (Dec 20th) My SA apparently didn't know what she was doing. Should've put it for Jan 1st from the start. She said it was okay. Oh well.
t.e.s.l.a_dude
Member
I see, well, it is still a two-week window and before the end of March. It might actually work out well for you that it is a bit delayed so that you get the updated processor and 12V battery
whiskeylover
Member
I already have a loan approved via Tesla. I see that DCU's rates are better. What's the procedure to have DCU service the loan rather than Tesla? When creating the order, I don't remember seeing an option for a 3rd party loan.
(moderator note)
TMC does not allow referral posts, including those about DCU. There was very rampant exploitation going on here in the past so that is why every DCU post on the site has basically been locked.
I just deleted posts I saw this time, but any further I see talking about DCU referrals will not only be deleted but have the user be put on probation so that all their posts go to moderators before being released.
TL ; DR Dont request people to post DCU referral codes, or offer to PM people DCU referrals, etc.
@whiskeylover this does not reference the post right above mine, as you were answering a question.
TMC does not allow referral posts, including those about DCU. There was very rampant exploitation going on here in the past so that is why every DCU post on the site has basically been locked.
I just deleted posts I saw this time, but any further I see talking about DCU referrals will not only be deleted but have the user be put on probation so that all their posts go to moderators before being released.
TL ; DR Dont request people to post DCU referral codes, or offer to PM people DCU referrals, etc.
@whiskeylover this does not reference the post right above mine, as you were answering a question.
I'm not sure tbh, when are you taking delivery? Do you have your VIN yet? If you already locked in with Tesla I think you'd have to call them and be like "no sorry going with another 3rd party - I want to XXX down can you generate a new MVPA"? They will then generate a new MVPA. Then apply for DCU loan (yea, you have to get referral and all that) and send DCU the MVPA to get approved there.
I'd just call Tesla Financing directly tbh... you can decide of the interest differential is worth it to switch over
whiskeylover
Member
No VIN yet. Delivery is estimated in the last 2 weeks of Jan.
Also, don't need a referral. I've been with DCU for about 20 years now.
And thanks, I'll call Tesla.
Edit: Another option I see is to just get the car using Tesla's loan, and then get it refinanced immediately. Rates are the same.
If you are using outside financing, on the tesla side, you put "Cash", then you arrange your financing yourself with whomoever you want, and follow whatever procedures they have for generating funds in the amount you want to borrow.
I got a loan from my credit union in 2018 (navy federal), because I didnt want a random financial institution, and you dont have any control on where tesla puts your loan (they dont have a captive finance arm like most other car manufacturers like BMW, Toyota, Honda, Mercedes, etc).
whiskeylover
Member
Agreed about the interface. But literally every credit union in the area uses the exact same interface. It seems like they all use the same prepackaged UI. I have Central One (for my business account) and DCU (for my personal account) and they are exactly the same.
As to why I've stuck with DCU, they're alright. And I'd rather have my money with a CU rather than a big bank.
Thanks, I'll check it out.
itsallaboutme
Member
Ashn
Member
CarlThompson
Member
Is it truly the same as "cash?" I'd guess that a different financial institution would want to be put on the title as a lienholder for anything classified as a "car" loan. If you select "cash" wouldn't Tesla only put you on the title? I selected cash for my own car and I don't remember Tesla asking if there would be a bank involved and if so which one.
t.e.s.l.a_dude
Member
Theoretically it should not, but wondering if they place you differently in the line if you have more than one hold.
I ordered in 2018 so it may be different now, but I remember putting cash, and then bringing a personal check for a large down payment, and a bank check for the balance. In my specific case, I was originally planning to pay cash for a SR+, but test drove a performance, and then had to have one, so financed the difference between a cash SR+ and performance. My down payment was more than the amount financed from my credit union, in other words.
I remember showing up with 2 checks and the delivery specialist taking all the info. I believe they do the titling after, not before, so they title appropriate to the instructions. The bank check I had, had place for VIN, and instructions on how title should be set.
The state issues the title not the manufacturer. The lender files a lien with the state at the time you borrow the money. From Tesla's standpoint they shouldn't care if you hand them a check from your personal checking account or a credit union at delivery.
CarlThompson
Member
Yep but that's the same info if you do cash, financing, etc. The lien just appears under that (at least in MO). So when you go to the DMV you will have Tesla saying car is in your name and then when DMV fills out paperwork for the title, they will see the lender has a lien in the system and will place it on the title until lien release is issued upon full payoff.
My delivery window is pretty close 1/6-1/17 and I do not have a VIN number yet.
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