Tesla lending rates?

[tatties]

when i was doing my test driving, the sales guy said 3.78 thru tesla. my buddy just said its 3.99%.

what is everyone getting thru tesla lending right now?

 

[mnevar]

when i was doing my test driving, the sales guy said 3.78 thru tesla. my buddy just said its 3.99%.

what is everyone getting thru tesla lending right now?

I got 3.99 and I couldn't finance the whole amount. Only allowed 45k. I have 0 debt and a high credit score. Using my CU at 2.61 for the full amount.

 

[Xenius]

Tesla financing is subpar. You will be better off with a local credit union.

 

[voip-ninja]

when i was doing my test driving, the sales guy said 3.78 thru tesla. my buddy just said its 3.99%.

what is everyone getting thru tesla lending right now?

Reference the spreadsheet in this thread to get an idea of how Tesla's offered rate compares to banks and credit unions;

https://teslamotorsclub.com/tmc/threads/tesla-loan-comparison-spreadsheet-auto-updates-hourly.

Keep in mind that Tesla is not a bank, they just sub-contract loan applications out to top banks and then make a nice profit on financing if you go through them. Many other auto makers subsidize their loan rates for top credit customers to get the monthly payment down. Tesla does not do this, there is enough demand currently that there is really no need for them to be competitive on financing.

 

[Xenius]

Reference the spreadsheet in this thread to get an idea of how Tesla's offered rate compares to banks and credit unions;

https://teslamotorsclub.com/tmc/threads/tesla-loan-comparison-spreadsheet-auto-updates-hourly.

Keep in mind that Tesla is not a bank, they just sub-contract loan applications out to top banks and then make a nice profit on financing if you go through them. Many other auto makers subsidize their loan rates for top credit customers to get the monthly payment down. Tesla does not do this, there is enough demand currently that there is really no need for them to be competitive on financing.

@voip-ninja That link appears dead.

 

[voip-ninja]

@voip-ninja That link appears dead.

Try this

Tesla loan comparison spreadsheet - auto updates hourly

 

[Xenius]

There we go, thanks!

 

[75Shappyt]

I went though Tesla for my car loan, on a new 2017 MS75, in Aug. of 2017, got a rate 1.49%, was better then I've ever got before.

 

[coleAK]

2.75% through Navy federal credit union (however must be active duty). Everyone else was 3.89% (USAA) or more.

 

[Wooloomooloo]

when i was doing my test driving, the sales guy said 3.78 thru tesla. my buddy just said its 3.99%.

what is everyone getting thru tesla lending right now?

I got 3.54% a few weeks ago - it ended up being with Chase.

A credit Union would have been cheaper, but I'm only intending to carry the loan until February so the convenience was worth it for me.

 

[75Shappyt]

try Wells Fargo, got 1.49% on a new MS75