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Poll: Which financing are you taking? Tesla/Wells Fargo, Another Bank, Credit Union,
- Thread starter AprilDelivery??
- Start date
I wish I could find a guaranteed after tax return of 1.49%. Is there such a thing without taking on some risk?
It really boils down to what makes you sleep better at night. The extra 'insurance' you pay with the higher rate and guaranteed residual value or being able to invest the extra in tesla stock. Personally, I would try to leverage the one rate against the other to see if you can get a better rate thru tesla finance
JPP
Active Member
Just got my check from Alliant CU for $70k (about 70% LTV) for 72 months at 1.49% with auto-debit of monthly payment. Painless. Did take the gap insurance for an extra $3 bucks/month.
I started the process with Penfed but it seemed like it was going to turn into a hassle. I'm working through the process with Alliant. I can't complete the process yet since I'm still waiting for my VIN, but so far Alliant has been great and SO easy to work with. Expecting my VIN within the next week and look forward to finalizing with Alliant at 1.49%.
FarrarEV
Member
Congrats! How do you go about making the donation? I'd like to join and finance through them
JPP
Active Member
The Alliant CU web site has a link for 'how to join' and there is a link there to the foundation they prefer. That jumps you to the foundation page--just join and donate $10. Once you are a donor (instantaneous) you go back and join the CU. Fast and easy.
went with alliant, very firendly and fast service 1.74% for 72 months for an anount of $83000 and GAP insurance purchased.
RN544xx3 - VIN 11141 - 85kWh Model S - Blue - Air ride - 19" wheels - Tan leather - Obeche wood gloss
RN544xx3 - VIN 11141 - 85kWh Model S - Blue - Air ride - 19" wheels - Tan leather - Obeche wood gloss
Reserved: 03/31/2013, sent for production : 04/21/2013 Delivery:??/??/????
irishstoutaz
Member
We started the loan application process with PenFed but found the communication with them to be not very good and ended up using Alliant.
Alliant rates are currently as low as 1.49% and up to a 72 month term and have a higher loan amount available if needed. We worked with Jason Freese and he is familiar with the process for Tesla and has been great to work with and was a very easy process. He said anyone can contact him directly and his informtion is:
Jason Freese
Alliant Credit Union
11545 W Touhy Ave Chicago IL 60666
[email protected]
800-328-1935 Ext 2164
Direct 773-462-2164
Alliant rates are currently as low as 1.49% and up to a 72 month term and have a higher loan amount available if needed. We worked with Jason Freese and he is familiar with the process for Tesla and has been great to work with and was a very easy process. He said anyone can contact him directly and his informtion is:
Jason Freese
Alliant Credit Union
11545 W Touhy Ave Chicago IL 60666
[email protected]
800-328-1935 Ext 2164
Direct 773-462-2164
Last edited:
fluxemag
Member
+1 on the 72 month Alliant deal. They also gave me $100 as a promotion. Literally paying me money, go figure.
cablue
Member
Going with Tesla, US Bank 2.24% for 60 months. Like having the guarantee since this will be #2. Went with Penfed for the first at 1.49%.
bluefuego
Member
Yet another vote for Alliant - 1.49% for 72 months (just got off of the phone with Nicole). I was also approved by USAA, but they could not match Alliant's rates.
Yes. If you have a progressive thinking DS you can come with some creative ways to get the Tesla financing. It usually means signing the loan paperwork in a state where the financing is allowed. So, if you live a comfortable driving (some people actually fly) to one of the eight states, your DS/Tesla finance team may be able to come up with a way to take advantage. Realize though that you can probably get a better rate outside Tesla Finance. So, you have to weigh in the extra cost of the higher interest rate along with travel versus getting the 'buy back guarantee'.
