TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Tesla loan comparison spreadsheet - auto updates hourly

Discussion in 'Model 3: Ordering, Production, Delivery' started by T3slaMecca, Sep 5, 2018.

Tags:
  1. freeform1999

    freeform1999 Member

    Joined:
    Apr 7, 2016
    Messages:
    36
    Location:
    LA
  2. rlb4

    rlb4 Member

    Joined:
    May 22, 2018
    Messages:
    361
    Location:
    Northern NJ
    Just called Insight. Current rates are: 2.15% for 36 mo./ 2.25% for up to 60 mo./ 2.95% for up to 72 mo. Approval is good for 60 days. Need VIN to complete the loan. Must be a member to apply. They said they are getting a lot of calls from Tesla buyers.
     
  3. oracleicom

    oracleicom Member

    Joined:
    Nov 27, 2015
    Messages:
    34
    Location:
    Chicago, IL US
    I called and the rate for 72 months/excellent credit is 2.95% not 2.15%.
     
  4. voip-ninja

    voip-ninja Give me some sugar baby

    Joined:
    Mar 15, 2012
    Messages:
    4,107
    Location:
    Colorado
    This thread is now stickied, so all is right in the universe.
     
  5. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
    Thanks for that, their website is a bit misleading, will drop them at 72 months
     
  6. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
    Just added another column: Days Approve -- so everyone can plan their delivery
     
  7. Rodrique78

    Rodrique78 Member

    Joined:
    Jul 4, 2018
    Messages:
    28
    Location:
    Atlanta
    Just spoke to Insight Credit Union which is listed as "easy" to join. I had made a $25 donation to one of their listed foundations. After speaking to a customer service rep they said I would need to establish membership with them for 6 months before being able to apply for any form of loan. So no go there.
     
    • Informative x 1
  8. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
    That's amazing! Thanks for letting the mods know!! :)
     
  9. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
    They're strict and misleading, might drop them from the spreadsheet. Thanks for the input.. so sorry about the $25 :(
     
  10. SKRGO

    SKRGO Member

    Joined:
    Aug 20, 2017
    Messages:
    161
    Location:
    Planet Earth
    #70 SKRGO, Sep 7, 2018
    Last edited: Sep 7, 2018
    They prefer Central Florida addresses but, I would contact them anyway by phone and ask to talk to the Auto Loans Dept. also mention you are in need of a Tesla loan and tell them your best rate and credit rating.

    You must have missed the (SPECIAL) .89% 36 months New car Loan rate for your sreadsheet.

    Stop paying too much in interest.
     
  11. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
    Just a heads up, if you belong to SAG-AFTRA, you should qualify for ActorsFCU, they have amazing rates! It's on the sheet :)
     
  12. beastmode13

    beastmode13 Supporting Member

    Joined:
    Aug 6, 2018
    Messages:
    591
    Location:
    NorCal, USA
    Thanks for putting this together, great for the community. Unfortunately for me, I got my loan with Star One already.
     
  13. mcbarnet007

    mcbarnet007 Member

    Joined:
    Oct 10, 2016
    Messages:
    654
    Location:
    San Jose, CA
    I want to thank you for the spreadsheet and want to share my experience with Allegacy CU. In short, it was nothing short of excellence. I applied for the membership/loan the Thursday and a check was cut on Friday. They do require Tesla MVPA with vin and they only finance up to 90%. Great communication with the loan agent and good customer service interaction as well.
     
    • Like x 1
  14. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
    Thank you for sharing your story, really keeps me going reading success stories like this, and congrats on the Black P3D!
     
  15. amoeba

    amoeba Member

    Joined:
    Jul 31, 2017
    Messages:
    43
    Location:
    Fremont
  16. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
  17. amoeba

    amoeba Member

    Joined:
    Jul 31, 2017
    Messages:
    43
    Location:
    Fremont
    No unfortunately I just called. Their new rate is 2.74%. www is the updated site. www2 is the outdated one.
     
  18. T3slaMecca

    T3slaMecca Member

    Joined:
    Aug 1, 2018
    Messages:
    162
    Location:
    California
    ah, that's strange their new page was down earlier then, thanks for the heads up
     
  19. ElliottG

    ElliottG New Member

    Joined:
    Sep 8, 2018
    Messages:
    2
    Location:
    Los Angeles
    Thanks for putting this spreadsheet together, it's super helpful.
    Can you add LA Financial CU? They are currently at 1.99% for a 60 month loan and is open to anyone in LA County and some other areas with no hoops to jump through.
    The person I applied with did say they think the rates will go up .25% in the coming week and that they don't lock in your rate for any time period but still a great rate. They said they do a lot of loans with Tesla and are familiar with the process.
     
  20. amoeba

    amoeba Member

    Joined:
    Jul 31, 2017
    Messages:
    43
    Location:
    Fremont
    Please also add Tower FCU which offers pretty good rates.

    I really hate the fact that these great rates are limited to people in certain areas. Takes time to figure out if there are loopholes to the eligbility.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC