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thegangler

Member
Jul 8, 2016
74
73
Buffalo
I've seen a few threads make mention to the potential Alliant rate reset. My car won't be delivered for a few months, and they won't lock in the rate I was approved at (wasn't aware of the 30 day approval when I applied.

If the rate does go up, what's the next best option for someone with A+ credit for financing?
 

jelloslug

Active Member
Jul 21, 2015
4,728
6,405
Greenville, SC
I got a reply from my Alliant rep this morning. She said that she though that they were in talks with Tesla about extending it but nothing set so far.
 

thegangler

Member
Jul 8, 2016
74
73
Buffalo
I'll check my local credit unions, thanks Max!

I will say if I don't find something comparable to the 1.74% from Alliant I may cancel my order - I have through the 15th to finalize, and would just re-order once the Tesla Preferred financing was sorted out - be it Alliant or whomover.
 

jelloslug

Active Member
Jul 21, 2015
4,728
6,405
Greenville, SC
I'll check my local credit unions, thanks Max!

I will say if I don't find something comparable to the 1.74% from Alliant I may cancel my order - I have through the 15th to finalize, and would just re-order once the Tesla Preferred financing was sorted out - be it Alliant or whomover.
The difference between 1.75 and say 3.00 would be less than the $2500 you would loose by canceling.
 
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jelloslug

Active Member
Jul 21, 2015
4,728
6,405
Greenville, SC
Don't most of those come with immediate 3% or 4% fees right off the bat? And then 0% for how long? Probably not 6 years, and after they go off 0%, I doubt you'd pay any less than 15%.
Yea but 3% up front is vastly less than 3% APR. The trick when the 18 to 21 month term is up is to just roll it to another 0% until you have each one paid off. I have had offers lately that have a 2% transfer fee rather than the 3 to 5 percent.
 

zedkyuu

Member
Jul 5, 2016
82
38
Castro Valley, CA
Yea but 3% up front is vastly less than 3% APR. The trick when the 18 to 21 month term is up is to just roll it to another 0% until you have each one paid off. I have had offers lately that have a 2% transfer fee rather than the 3 to 5 percent.

I don't understand. My reasoning:

Assume $70k car
3% up front = $2100
3% APR = 0.25%/month = 3.042% compounded over a year = $2129/yr interest (assuming you never pay any principal back, which is impossible here)
 

Cnasty

Active Member
Jun 20, 2016
1,020
689
Dallas
I've seen a few threads make mention to the potential Alliant rate reset. My car won't be delivered for a few months, and they won't lock in the rate I was approved at (wasn't aware of the 30 day approval when I applied.


My rate will be locked in once I give them the VIN# this week. Did they not do the same for you?

I applied last week and will not be delivered until September.

1.49/72 months

If they have to pull again and I don't get that rate, I will be back here with you. :)
 

thegangler

Member
Jul 8, 2016
74
73
Buffalo
My rate will be locked in once I give them the VIN# this week. Did they not do the same for you?

I applied last week and will not be delivered until September.

1.49/72 months

If they have to pull again and I don't get that rate, I will be back here with you. :)

Who were you dealing with? My contact, we'll call him "Mark"(because that is his name), seems like a bit of a jag. His response to my request to lock in the rate?

"Nothing we can do at this time. "

His reply to my question about potential rate changes?

"I do not."

Guess this is what you get when you have a captive audience.
 

Cnasty

Active Member
Jun 20, 2016
1,020
689
Dallas
lol, he sounds swell.

Let's just say I am not dealing with Mark but another gentleman listed a lot on this forum and he was very helpful. I will see Wednesday when I supply the VIN as he asked for to lock in the rate or see if it was lip service.

I have seen some up and down transactions as of late with Alliant and with your info and others here lately I do not feel confident that mine will get locked in
 

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