steveheaven79
Member
Just got a loan today 3.50% w/ LA financial in Pasadena CA. Wendy is awesome. W/ my score, I called two other credit unions but they were higher or the same.
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Tesla loan comparison spreadsheet - auto updates hourly
- Thread starter T3slaMecca
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Cyclone
Cyclonic Member ((.oO))
Just got the loan from Fairwinds - Live in Illinois, went as a lionsclub member - did not need to even pay for the membership
Got 65K for Performance AWD LR, 36mo w 0.75% APR. Need to autopay from their checking account. They did charge a $45 processing fee and Stamps for 228 USD. The 1st installment is due 3 mo after the purchase. Thanks for the spreadsheet!
Got 65K for Performance AWD LR, 36mo w 0.75% APR. Need to autopay from their checking account. They did charge a $45 processing fee and Stamps for 228 USD. The 1st installment is due 3 mo after the purchase. Thanks for the spreadsheet!
We are near the end. The process is much slower than anything I've experienced. (Usually everywhere I've had an account or even if buying from a dealer with their finance option it takes less than 30 min. to get approval). It sometimes takes more than a day to get a response but I believe they are inundated with requests for Tesla cars. They told me they have been very busy because of Tesla. I'm still tentatively set for delivery on Friday but need to get CCFCU to not only finish approving me but also verify funds are on their way to Tesla. I also haven't been able to confirm the 2.5% yet. I've been told 3.5% but my first direct deposit will his tomorrow. I'm thinking this will bring it down to 2.5%. My credit score is low 800's and my wife's is high 700's. I do think our multiple income streams (several rental properties) have slowed things down from the people who are just utilizing traditional paychecks. Seems a little long for a reply but wanted to provide some context.
Can I ask what your score is? I'm at around 750 and the 3.49% is the best deal I'm getting too (72 months). Just got off the phone with Wendy a little while ago too - she is awesome and that alone is making me feel like I should just go with them and put this to rest. They're offering full amount requested and no proof of income needed, so pretty hassle free. Our delivery is supposed to be on Monday.
Sharonview CU is offering the same but countered with a lower loan amount. Fairwinds CU was over 4%. I'm waiting to hear back from Clearpath CU.
steveheaven79
Member
Thank you for sharing.. How quick was LA Financial to approve and fund? We are expecting delivery this weekend or Monday. Hoping I am not cutting it too close to the delivery date.
Also, sounds like Wendy is the go to person. Any chance you can PM her contact info?
steveheaven79
Member
I was thinking about that but I would rather have a lower rate loan than getting a refund check from Tesla later on.
Cyclone
Cyclonic Member ((.oO))
You can refinance the loan. Most lenders (all that I’ve ever worked with) will refinance at “new car” rates for the current and prior year, if not even older.
I am located in the Bay Area CA, does LA financial in Pasadena CA work with people in Norcal? I got approved from SharonView CU with 800+ credit, 2.74% 72 months with 10% downpayment. I am looking for 100% financing. Any good alternatives? Delivery is next week. Thank you
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