We’ll that’s annoying if true. I called their loan dept about 20 min ago to confirm if I applied for the loan today would it lock in the current rate, and he said it would for 45 days. So much conflicting info with everything in this whole thread lol
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Thanks! When I entered my address I never got the option for home delivery, it said I can pick up either in Vancouver or Richmond, so I chose Vancouver. I noticed the Vancouver pick up address is different than the Tesla showroom's address where I placed the order though.
Not That M3
Member
Without your VIN\PO? Maybe he interpreted that you had your VIN and purchase agreement uploaded.
I reapplied for Tesla financing last week and got 2.99 from US Bank. I had 2.49 from Wells Fargo in March but that expired…
That's honestly not bad right now if you consider it's locked in for 30 days.... might have to do that
No I didn’t talk to anyone, it was over text - Eaden
Eaden, if you’re watching the forums, please find me some matrix lights!
7BaconTacos
Member
I had this same question prior to starting the process.. No you dont. You do have to join a coop thing first. It was $20 for a year. The details on what to do are all on the website. I live in Indiana and they are letting me start the loan procedure once I get my packet in the mail.
No, the membership requirements are pretty open. You just have to join a non-profit and donate $20.
Not That M3
Member
Please update us if you go this route. I want to know what today's rates are before applying.
Have the same Config as your but OD 2/16 and picking up from Fremont. Current EDD is May 6 -May 20.
Not That M3
Member
"*Price indicated does not include taxes and registration fees unless stated otherwise. You will be responsible for these additional taxes and fees. The payment calculations are provided for informational purposes only and may reflect assumptions that may not apply to you or loan terms for which you may not qualify. Loan approvals are valid for up to 60 days. Lease approvals are valid for up to 90 days."
I'm not sure if it's a rate lock but it shows 60 days.
Tesla Financing | Tesla Support
We provide multiple financing options. The Tesla financing calculator is available to help estimate your payments for either purchase or lease.
Panel Gaps
Member
I applied for Tesla financing and got paired with US Bank for 2.7%. Financing is good for 60 days per my SA. My financing expires in a couple of weeks though and I'm going to have to reapply.
Not That M3
Member
Thanks for the quick feedback.
When did you apply? Was that around 6 weeks ago then? I think the rate was lower then. Is your credit above 740 (if you don't mind me asking).
I'm on hold with Tesla now to see if I can get some updated rate information.
Thought I'd update on OD and EDD changes for others in a similar situation....
Config: M3LR, White ext., black int., Aero, No FSD, Reno, NV, Tesla Financed
OD: 2/3 (this is the date on order agreement: however, my profile was "incomplete" until sometime around 2/11-2/14)
EDD: Has changed about 4 times, though I didn't keep track of specifics. Hit my EDD range 2x and EDD updated by pushing back a few weeks.
Current EDD: May 3-17.............This is the 3rd delivery window I've hit. Nothing in source code.
Curious if there are others in Nevada and Northern, CA in a similar situation w/similar configs.
Config: M3LR, White ext., black int., Aero, No FSD, Reno, NV, Tesla Financed
OD: 2/3 (this is the date on order agreement: however, my profile was "incomplete" until sometime around 2/11-2/14)
EDD: Has changed about 4 times, though I didn't keep track of specifics. Hit my EDD range 2x and EDD updated by pushing back a few weeks.
Current EDD: May 3-17.............This is the 3rd delivery window I've hit. Nothing in source code.
Curious if there are others in Nevada and Northern, CA in a similar situation w/similar configs.
Got a text from Tesla this afternoon:
"...your Model 3 has not yet arrived and we are rescheduling your appointment..."
2/1 OD blue/white/18
orig EDD 3/14-3/31
2/14 EDD 4/20-5/18
3/31 EDD 6/10-7/22
4/5 EDD 5/8-6/5
4/15 EDD 4/28-5/12
4/20 EDD 5/12-5/26
4/26 EDD 5/9-5/19
4/27 EDD 5/10-5/14 notified via text VIN assigned 243XXX
5/1 Delivery appt scheduled for 5/7
5/3 Delivery re-scheduled to 5/12 - 100 days from OD
"...your Model 3 has not yet arrived and we are rescheduling your appointment..."
2/1 OD blue/white/18
orig EDD 3/14-3/31
2/14 EDD 4/20-5/18
3/31 EDD 6/10-7/22
4/5 EDD 5/8-6/5
4/15 EDD 4/28-5/12
4/20 EDD 5/12-5/26
4/26 EDD 5/9-5/19
4/27 EDD 5/10-5/14 notified via text VIN assigned 243XXX
5/1 Delivery appt scheduled for 5/7
5/3 Delivery re-scheduled to 5/12 - 100 days from OD
Not That M3
Member
Update: Per Tesla - Current rate is 2.99% with a 60 day rate lock.
Even with a Fed increase, I don't think it would increase DCU a whole point in the next 2 months. I could be wrong though. Does anyone want to share any opposing thoughts on that?
Elindocain
Member
The crummy thing with Tesla financing is that you have to put down-payment plus tax, license, registration....I didn't want the heavy cash outlay. If I'm wrong on cash requirements, someone please correct me. Thankfully I was able to find Credit Union financing with 90 day rate lock, 2.29%. Still shopping though, asked for rate match with my other bank and they think they can do it, just waiting to hear back.
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