TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Recent CPO Loan Rates

Discussion in 'Model S: Ordering, Production, Delivery' started by BostonGuy, Jul 12, 2017.

  1. BostonGuy

    BostonGuy Member

    Joined:
    Mar 31, 2016
    Messages:
    35
    Location:
    Boston
    Curious what other buying a CPO are finding for loan rates. What I found so far:
    DCU 72 months @ 3.74%
    Alliant 84 months @ 4.24%
     
  2. vesder21

    vesder21 Member

    Joined:
    Dec 20, 2015
    Messages:
    43
    Location:
    Ohio
    2.59% for 60 months with credit of 700+ via LightStream - Suntrust Bank
     
  3. Maxv

    Maxv Member

    Joined:
    Jun 4, 2017
    Messages:
    10
    Location:
    Boston
    Unify (Western Federal) FCU 72 months 2.74%
    Also 24 months 1.24%, which can be useful to some
    I'm using them and they've been very easy to deal with so far

    - UNIFY Financial Credit Union
     
  4. iluvmacs

    iluvmacs Member

    Joined:
    Jan 27, 2014
    Messages:
    48
    Location:
    Madison, WI
    I was highly irritated with applying to Alliant and finding out after the fact that they don't honor their lower rate for CPO Teslas. They clearly list a 2.49% rate for used vehicles on their website, as well as 2.49% for Teslas. But apparently if you want to buy a used Tesla, it doesn't qualify for either of those situations (???) and they wanted 3.24%. The guy said it was for new Teslas only. Talk about false advertising! I walked away immediately, annoyed at the time I spent applying and wasting the credit check. I am using a local CU instead for 2.74%.
     
    • Informative x 1
  5. personthing

    personthing Member

    Joined:
    Jun 7, 2017
    Messages:
    30
    Location:
    Minneapolis, MN
    1.74% for 65 months with DCU in May. 800+ credit, they didn't ask for income verification or really anything. Whole process took about 10 minutes.

    2.49% normal rate, -.25% for EV, -.5% for setting up a direct deposit with them within 90 days (we moved about ~50 mi from our prior local credit union, so we'll give them a try)
     
  6. LiverpoolFC

    LiverpoolFC Member

    Joined:
    Jun 24, 2017
    Messages:
    35
    Location:
    Raleigh/Durham
    Unify - 2.99%
    Tech CU - 1.99%

    Both for 72 months
     
  7. dc81

    dc81 Member

    Joined:
    Jul 14, 2017
    Messages:
    14
    Location:
    TX
    Just started the CPO process so I've been looking around. Found University Federal Credit Union for 1.65 < 48 months; 1.85% < 66 months
     
  8. TravisT

    TravisT Member

    Joined:
    Jun 11, 2017
    Messages:
    10
    Location:
    Kansas City
    I got this exact deal on mine and got 105% of the asking price. My credit was a little over 800 when I applied.
     
  9. BostonGuy

    BostonGuy Member

    Joined:
    Mar 31, 2016
    Messages:
    35
    Location:
    Boston
    I ended up with 1.99% at DCU for 65 months
     
  10. Iluvpcs

    Iluvpcs Member

    Joined:
    May 11, 2015
    Messages:
    7
    Location:
    Grand Rapids, MI
    for DCU I'm guessing that is after the .25 discount for EV at 1.99% ?
     
  11. DMan

    DMan Member

    Joined:
    Apr 20, 2016
    Messages:
    6
    Location:
    WA
    I got 2.90% from Tesla through TD. Not the lowest out there but not bad. Suppose I can refi at a lower rate later.
     
  12. BostonGuy

    BostonGuy Member

    Joined:
    Mar 31, 2016
    Messages:
    35
    Location:
    Boston
    Correct
    .50 discount for opening checking
    .25 for fuel efficiency
     

Share This Page