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Telsa financing just dropped to 3.5% APR today

mreynolds767

Member
Jul 11, 2019
728
403
Boston
The actual rate on the website has never been set in stone until you apply.
I got lower than 3.5 for 72 months from Tesla via the website in Sept.
Website at that time showed 3.99
 

m3-ricardo

Member
Oct 21, 2019
179
100
Seattle
i'm getting 3.25 from my bank ..and a .25 discount for automated payments .. so, even though 3.5 is really good .. its easy to get better

gosh -- my last car i had 1.25% .. sigh
 

3antar

Member
Oct 22, 2019
85
130
Irvine, CA
Hey, by any chance what credit score is getting those rates? I'm sitting at a mid 600, putting 10k down on a 40k car. I'm wondering what I could see as far as rates go in California with CU's?
 

PowerBankT

Member
Oct 22, 2019
182
183
Florida
I have a score over 810 and still got worse rates than the SA demo'd me in the store.

I've yet to figure out why. I'm guessing further discussion will take place once I get to talk to the center for delivery.
 

jjrandorin

Moderator, Model 3, Tesla Energy Forums
Nov 28, 2018
10,710
12,406
Riverside Co. CA
Hey, by any chance what credit score is getting those rates? I'm sitting at a mid 600, putting 10k down on a 40k car. I'm wondering what I could see as far as rates go in California with CU's?

Usually, to get "best rates" you need to be 700-720 or higher. How much you put down is likely not going to effect your rates at all, its only going to effect whether you get approved for a loan or not.
 

StephanB

Member
Oct 28, 2019
59
28
NC
When I ordered mine (10/8) the advertised rate was 3.99%. I applied via Tesla Financial and got approved by US Bank for 3.49%.
Excellent credit. Ymmv.
 

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