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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:
    46
    Location:
    Ohio
    2.59% for 60 months with credit of 700+ via LightStream - Suntrust Bank
     
  3. Maxv

    Maxv Member

    Joined:
    Jun 4, 2017
    Messages:
    11
    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
     
    • Informative x 1
  4. iluvmacs

    iluvmacs Member

    Joined:
    Jan 27, 2014
    Messages:
    64
    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%.
     
    • Helpful x 2
    • 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:
    38
    Location:
    Raleigh/Durham
    Unify - 2.99%
    Tech CU - 1.99%

    Both for 72 months
     
  7. dc81

    dc81 Member

    Joined:
    Jul 14, 2017
    Messages:
    20
    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:
    35
    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:
    27
    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
     
  13. xceler8tion

    xceler8tion Member

    Joined:
    Jun 16, 2017
    Messages:
    27
    Location:
    CA
    USE credit union - 1.79% for 60 months. 800+ credit.
     
  14. Iluvpcs

    Iluvpcs Member

    Joined:
    May 11, 2015
    Messages:
    27
    Location:
    Grand Rapids, MI
    Nice FIND!
     
  15. xceler8tion

    xceler8tion Member

    Joined:
    Jun 16, 2017
    Messages:
    27
    Location:
    CA
    Thanks to @KL670 for the find on USE CU. Got it all approved today.
     
    • Like x 1
  16. JPUConn

    JPUConn Member

    Joined:
    Aug 11, 2014
    Messages:
    709
    Location:
    CT
    Agree- I was told that the 2.49 used rate is for anything except Tesla! Ended up with 3.24 for 60 months. Regardless of loan to value, perfect credit, or any other info they're just taking advantage.

    I had a pleasant experience with Alliant otherwise but will not do business with them again when my current note is paid off nor would I recommend them based on the tesla gauging.
     
  17. Don TLR

    Don TLR Member

    Joined:
    Jul 27, 2017
    Messages:
    92
    Location:
    Apache Junction AZ
    DCU @ 2.24,, it was a quick and easy call for approval.
     

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