I have a approved 1.24 for 65 months, but my 45 days is running out. I thought I was getting my VIN 3 weeks ago.
1.24 is the best rate from DCU I know of right now. But I have not checked since I 1st applied 3 weeks ago.
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1.24 is the best rate from DCU I know of right now. But I have not checked since I 1st applied 3 weeks ago.
It's easy. Donate to one of the orgs, sign up to DCU, apply for loan (assume you have a VIN at this point and a real car coming), get approved, call DCU wait on hold for 2 hours, they finalize it and ask if you want to direct deposit your paycheck to get 0.5% off your rate (down to 1.24%), they send a check to you or Tesla.
This deal was even sweeter last year when I bought my MYP because Tesla Finance used to match finance rates. Tesla matched the 1.24% and I didn't have to do the whole direct deposit thing.
WilliamG
Hinge Fanatic
Thanks for the info. The direct deposit thing is still throwing me a bit. Can I not just move money to my DCU checking account manually, or does it HAVE TO be direct deposit from a paycheck to qualify for the extra 0.5%?
Basically, is there any easier way to quality for the 0.5% extra?
AMPd
Well-Known Member
Do times of high inflation make it easier or harder to get a loan?
I’m starting to second guess if spending 110k on a car is wise during this time of uncertainty. But on the other hand… there’s always something happening.
I’m starting to second guess if spending 110k on a car is wise during this time of uncertainty. But on the other hand… there’s always something happening.
The .25 discount is the EV discount, you don't need DD for that, you do need to DD for the the extras .50 discount. They want to you use your checking for as your main account. So you do need to direct depot, I've gotten different answers from DCU on this, some say they want you to DD your paycheck while others say you don't have to deposit your whole check.
I think it needs to be a direct deposit, but not sure. Some say that they are able to just transfer the monthly payment amount via direct deposit and pay the car loan from that account. I am going to try that.
They don’t know how much you make. Just deposit enough to cover the payments.
PhilipRs
Always Making
This morning I received a request to schedule my delivery, first date was 3/22, so I picked that one. It says the appointment could move up or back still.
WilliamG
Hinge Fanatic
Right, it’s 1.74% before the direct deposit or… whatever it is. Need to figure that part out. I’ll probably need to call them. Thanks.
Let us know how you get on with that. Will be helpful for all of us!
WilliamG
Hinge Fanatic
That’s so funny. I just saw the same one too about 15 min ago!
aerodyne
2 of 3 EV's - Defect Free!
Also confirmed, no TESLA fonts on said part. Makes the car easier to clean IMO.
Also, a canvas for the creative. Imagine replacing it with a tinted clear panel with LED lights behind it..
Just received my VIN 474200..plaid red/white interior 19 wheels. Would this be the new lights?
WilliamG
Hinge Fanatic
Thank you. Put on hold until Tuesday 3/8. DId not expect to get the VIN so quickly. Picking up at the Princeton, NJ SC
WilliamG
Hinge Fanatic
They will tell you set set up a checking with enough to make a donation to one of their organizations, and pull that out. I think it was $25 for mine, $30 total to keep a $5 balance.
Well that changed quickly just got a text saying my VIN is assigned and my updated delivery is March 12 - 16.
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