Final DCU update - everything is finalized (at basically the last possible second!). Here's the timeline since I would have loved to know this before I started. Again, open your DCU accounts NOW if you're financing with them to make this process infinitely less stressful. The longest process was getting the account open, after that the loan process was almost instant. All times are in PST.
- 3/15 6:45am: Applied for DCU membership online
- Called DCU a few times over the next few days to see if my app could be expedited. No dice.
- 3/18 6:50am: DCU membership finally got approved.
- Filled out loan app immediately
- Called DCU loan dept right after filling out the loan app, got into the phone queue system for a 3-4 hour wait
- 3/18 10:00am: Received a call back from a loan officer
- The loan officer had me send over my MVPA and she reviewed it while I was on the the phone.
- She approved my application immediately, gave me the loan terms, and told me to look out for a docusign email
- 3/18 11:30am: Received docusign email, signed the paperwork immediately
- 3/18 11:50am: Received the check scan
- 3/18 12:30pm: Received FedEx info
I sent the tracking info and the check scan over to my Tesla delivery center which is all they need for the loan. All set for my delivery tomorrow but whew, what a process. Getting ahold of anyone at DCU is a total PITA, but once you do, they're friendly and helpful.
Also: DCU's lowest rate (with direct deposit + the EV discount) is now 1.74%! The rate jumped by .5% today, ugh.