Short Term Loan info for Ontario Model 3 Buyers! 0.99%!!!

So you just write yourself a cheque for $14,000 from the cheques that come with the card?

 

Total fish hook for the consumer. But for our case it’s a great deal! $14,000 addition cash down paid back with the rebate at the 6 month mark for a total cost of $70. Clear it and toast the card.

 

Thanks, applied and got approved for the $15k and they say the card will come in 5 to 7 business days... going to be tight with my May 31st delivery date.

 

Usually every spring I get an offer to use a balance transfer on one of my Scotia Line of credits to move any balances to the line of credit at 0.99% I've been checking the mail all month hoping to see an offer. Still holding out hope. Don't want to open another credit card. LOL

 

Can we cancel the card after 6 months?

 

I am applying it now. hopefully I will receive it before 31st

 

What’s the fastest way to get the $, I worry if I write myself the cash advance cheque for $15k there will be a hold when I deposit it to my bank account.

Do you think opening a Scotiabank bank account would make it almost instant?

 

Isn't there usually a processing fee for cash advanced.
I thought about doing that with an AMEX card a few years ago with 0% interest and then found out there is a $99 processing fee.

 

There could be a 4% processing fee that wipes out the advantage.

 

Ya gotta check what the fee is first

 

I applied and got approved 15k, if it takes longer then 6 months to get the EVHIP rebate, I'll get my wife to apply as well at month 5, and cover my portion.

 

Is it this link?
Scotiabank Value Visa card