My DS wrote not long after I posted stating that the car had just finished production and asking when I'd want to schedule a delivery appointment for next week. Unfortunately, I haven't yet applied for a loan since I'm still waiting (grrrr!) for a mortgage refinance to finish. Otherwise, I would've already nailed down a date!
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Austin Powers
Member
You don't need to wait until the refinance closes. If your lender has already pulled credit, they won't do it again. Talk to your loan officer. I was in a similar situation a few weeks ago.
DGW222
Closed
Will do. I just remember being told "don't apply for new credit, don't take on any huge amounts of new debt, don't etc" beforehand.
Buddy
Member
Here's something for those still waiting for their mode S like I am.
1. A few co-workers found out I have a model S on order and one decided to give me a 3D printed cell phone "Supercharger". Pretty awesome.
2. I went to the Costa Mesa service center in California where I'll be picking up in Aug/Sept to check it out. Nice building and a whole lot of Teslas in the area. One notable MS was matte black with all the chrome hands to gold. Not my taste but definitely customized
1. A few co-workers found out I have a model S on order and one decided to give me a 3D printed cell phone "Supercharger". Pretty awesome.
2. I went to the Costa Mesa service center in California where I'll be picking up in Aug/Sept to check it out. Nice building and a whole lot of Teslas in the area. One notable MS was matte black with all the chrome hands to gold. Not my taste but definitely customized
You can have more than one hard credit pulls on your account and it doesn't do much in terms of impact. They look at it over a 2 year period typically... and 1-2 in that period is considered excellent, but 3-6 isn't bad either... and it's a very minimal impact on your overall score as people have it pulled to rent apartments, sign up for utilities, etc. I know my brother couldn't get his own cellphone plan initially since his credit score was pretty horrible, which means signing up for a cellphone contract may involve a credit pull (not sure it's a hard one, which are the ones that count). But the algorithms are seemingly weighting this far less than other factors... seemingly the one that causes the most fluctuation in my score is credit utilization or what percentage of my credit card limit am I utilizing. I use mine for all my bills & shopping due to the cash back rewards, but if I start doing more than 20% of the limit I take a hit... keep trying to get the limit raised a bit every year to prevent this from happening.
java (and others) if it makes you feel any better i'm agonizing along with you. Ordered 6/29, Confirmed on 7/6, VIN on 7/8, still no production. I'm hoping it's next week, and i was told "early August production for late August/early September delivery" but it's agonizing to watch others go into production. I was always hoping it would go early. It's been 22 days and at this point i'm assuming it'll be next week - 8/1 at least until i hear anything. Hopefully the post-June production runs are better quality, though. I feel like there's been a slight uptick in horror stories on paint blemishes, alignment issues on the chrome trim, etc. and i can't help but wonder if that isn't the result of the factory rushing orders in late June to improve results for TSLA. Patience is a virtue but damn is it hard!
I've seen multiple mentions of lenders doing a last-minute credit check near closing in order to see if anything weird is going on. New inquiries, particularly from other lenders, can raise questions about what's going on, since you are supposed to disclose everything material to the application. That's what I'm worried about.
Some people suggest waiting until after closing docs are signed; others suggest waiting until the 3-day rescission period is over, and still others suggest waiting until the loan has funded. And I've seen some suggest looking over the paperwork and seeing if there's a provision allowing for the lender or investor to do a credit check up to 30 days after closing and recalling the loan if something weird shows up. Ugh. I almost wonder if I should just let this refinance drop and go after it later.
turbospecc
Member
Tesla Supercharger Phone/iPad Charger
$20 from etsy. Probably a little lower quality, but I got one and it looks good.
+1 on the above post. Anymore they pull again right at closing. I'd wait to do the auto loan until after the mortgage closes, unless you don't need the mortgage that bad
It's a refinance to get out of a 5/1 ARM and replace it with a fixed rate. I kind of get the feeling rates are going to go up soon, though Brexit might delay that.
So I don't actually need it right away. Of course, since I've already spent money on appraisals, I may as well follow through on it.
Buddy
Member
It was my coworker who printed this one. I don't have the capability to print them sorry.
C_A_Braun
Meet "Voodoo", Our S75 & "Solo Cup", Our Model 3
How long should it take for the phone app to work? I though my DS said up to 24 hours when we picked up yesterday, but thus far still a no go on the app.
Ordered: 7/2/2016
Confirmed/Vin Assigned: 7/9/2016
In Production: 7/28/2016
Estimated Delivery (from my delivery specialist): Week of 8/8/2016
Looking at the spreadsheet, this is pretty similar to the data for Seattle deliveries where it takes about a week from production finishing to be delivered.
The only issue is that the locked rate on my loan application expires on 8/3/2016. Do you guys know if it's possible to close the loan payment before I actually take delivery? For the people that have already picked up their Teslas and took out a loan with Alliant, when did you guys close?
Confirmed/Vin Assigned: 7/9/2016
In Production: 7/28/2016
Estimated Delivery (from my delivery specialist): Week of 8/8/2016
Looking at the spreadsheet, this is pretty similar to the data for Seattle deliveries where it takes about a week from production finishing to be delivered.
The only issue is that the locked rate on my loan application expires on 8/3/2016. Do you guys know if it's possible to close the loan payment before I actually take delivery? For the people that have already picked up their Teslas and took out a loan with Alliant, when did you guys close?
It is possible. Just tell Alliant and your DS you are okay starting payments early in the eventuality you don't have your car yet. Need to be explicit with Allaint and tell them to finalize ASAP/before delivery.
I just went through this and finalized before scheduled delivery BUT I had waited 30 days so upon re-pulling my credit report my interest rate went up. This was due to a higher balance on my credit card. From what you might ask? Model S order payment and service contract :/
hybridbear
Active Member
This is something I am concerned about. Like @javawolfpack I use my credit cards for everything I can to get cash back rewards and pay everything off each month. I have never paid a cent of credit card interest in my life, while getting hundreds of dollars per year in cash back. The credit card companies must hate me
After researching credit score calculations in more detail about 6 months ago & using Capital One's simulator that I can access when logged in to my account with them, I determined that not only does credit utilization matter, but also the number of accounts with balances. I have one main credit card that offers 1.5% cash back everywhere and some others that have special categories of 5% or so cash back. For the ones that I use only a little each month, I've started paying them off right before the statement cycles. This way I can still use them and get 5% cash back for certain purchases, while having them show a $0 balance at each statement on my credit report. This has pushed my credit score up to around 820 according to the Capital One simulator.
When I placed my Model S order I used my 1.5% cash back card for the $2500 deposit. I was planning to pay that before the statement cycled so that it wouldn't impact my utilization ratio. I requested that Capital One change my statement date to give me more time to hang onto that cash so that I could coordinate the timing of payments with the future credit application to maximize my score. Unfortunately, Capital One didn't change my statement date so my last statement cycled with the $2500 Tesla charge and a number of other expensive purchases. According to the Capital One credit score reporting info, this dropped my credit score about 30 points & put me down under 800 because my utilization went from being around 2-3% to being around 9-10% since I have about $3500 more in credit card balances thanks to Capital One not changing my statement date...
So now I am hoping that my financing application won't be impacted. However, since Capital One will likely now change my statement date, that means that they won't report again to the credit bureaus for about 1.5 months which will further mess me up! I was going to pay at least $2500 to Capital One early in case they didn't change my statement date, but I was busy traveling and I missed getting it submitted on time. So now I'm really ticked off!
Anyhow...any update on delivery, the purpose of this thread... I received the e-mail last night that my Model S has entered production. The delivery window did not change yet & still shows Late August - September. I will update the spreadsheet now.
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