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Tesla loan comparison spreadsheet - auto updates hourly

Discussion in 'Model 3' started by T3slaMecca, Sep 5, 2018.

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  1. heathernbowman

    heathernbowman New Member

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    Location:
    Los Angeles
    How has working with LA financial been? Considering them right now for my model 3.
     
  2. heathernbowman

    heathernbowman New Member

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    Los Angeles
    Also would like to use you as a referral for the bonus for both of us :)
     
  3. heathernbowman

    heathernbowman New Member

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    Also would like to use you as a referral for the bonus for both of us :)
     
  4. heathernbowman

    heathernbowman New Member

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    I'm looking into LA financial right now. What's your referral credit?! Was the process easy for you?
     
  5. jvmoore1

    jvmoore1 Member

    Joined:
    Feb 21, 2015
    Messages:
    103
    Location:
    Mobile, Al
    for those that dealt with Andrews FCU. Did you send them the Vehicle Order Agreement or is there another document i should get once a VIN is assigned to me? And how do you send a Window Sticker before you take possession of the car?
    Just wanting to make sure i have everything ready on my end since it looks like end of June before delivery.
     
  6. James88

    James88 Member

    Joined:
    May 16, 2019
    Messages:
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    Location:
    Orlando, Fl
    How long after you get your vin to you get your motor vehicle agreement for the loan? Curious if that happens immediately.
     
    • Like x 1
  7. Bard

    Bard New Member

    Joined:
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    Location:
    Los Angeles
    Did the people who got an unsecured loan through LightStream select "Auto" or "Other" when they applied? I applied under "Auto" and they're asking me to list them as the lienholder, so I see no advantage in going with them.
     
  8. hcook24

    hcook24 Member

    Joined:
    Apr 1, 2019
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    23
    Location:
    Orange County, CA
    haven't dealt with them directly, but in my experience funding loans for Teslas, you need to have the Motor Vehicle Purchase Agreement prior to funding. This is usually a couple of days (2-4 maybe?) before your delivery date.

    Doesn't happen immediately but it's very soon after
     
  9. Mrcarcrazy

    Mrcarcrazy Member

    Joined:
    May 22, 2019
    Messages:
    42
    Location:
    South Padre island, Tx
    Alliant credit union (based out of Illinois, but services many states) is super easy to deal with. Just completed my loan with them after my credit union that I’ve banked with for 20years told me they couldn’t help with a Tesla loan as Tesla wouldn’t give them the paper they wanted.

    Speaking with your Rep at Tesla can accelerate the MVPA. Took a few hours once he told me all the info he needed to complete it.
     
  10. MarkEslahi

    MarkEslahi New Member

    Joined:
    Wednesday
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    Location:
    South Elgin, IL
    Any CUs to look into for Illinois residents? Tried the LionNation thing with Fairwinds and was informed I didn't meet eligibility to be accepted into their CU and that they no longer accept LionNation Members *Probably because of this Thread lol*
     
  11. clcsar

    clcsar Member

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    Apr 25, 2019
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    Location:
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    I did Auto and it was approved within an hour. Maybe credit score?

     
  12. clcsar

    clcsar Member

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    Location:
    NA
    For me got VIN a couple of days after placing order, but they couldn't send over MVPA until two days before delivery (called Tesla multiple times but couldn't even get a pro forma MVPA)

     
  13. Mrcarcrazy

    Mrcarcrazy Member

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    Location:
    South Padre island, Tx
    The credit union I used (Texas) is based out of Illinois. Look at the comment above yours.

    Alliant credit union. I’ve bought something like 20 cars. At least 1/2 with loans. This was the easiest ever. (Of course my financial situation is much better than it used to be).
     
  14. MarkEslahi

    MarkEslahi New Member

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    Location:
    South Elgin, IL
    Says they don't offer Tesla loans in IL?
     
  15. Bard

    Bard New Member

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    Location:
    Los Angeles
    Yours is unsecured?

    Credit score 800~. Mine was approved quickly, too, but it’s secured.

    I wanted to do LightStream because I thought I could get the loan unsecured.
     
  16. roshan

    roshan Member

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    Apr 26, 2019
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    Location:
    Rutland, MA
    what is the APR with LightStream and is there any advantage in going with them instead of regular banks or CU's
     
  17. clcsar

    clcsar Member

    Joined:
    Apr 25, 2019
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    Location:
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    yes unsecured. initially 3.99% then rate beat to 2.64%
    weird 800 should be more than good enough. maybe they changed policy? I did it in early May
    for me the main reason is they do unsecured loan (your name on the title, not the bank). Also they do rate beat so their rate will be your approved rate from another bank minus 0.1%
     
  18. Bard

    Bard New Member

    Joined:
    Wednesday
    Messages:
    3
    Location:
    Los Angeles
    72 months, at 5.19% - 14.79%

    I got 5.69% (but would only use LightStream with their matching policy).
     
  19. roshan

    roshan Member

    Joined:
    Apr 26, 2019
    Messages:
    15
    Location:
    Rutland, MA
    I placed my order yesterday for White M3 LR AWD with FSD and I am looking who is the best lender in the Central MA region.
    any help is appreciated
     
  20. Mrcarcrazy

    Mrcarcrazy Member

    Joined:
    May 22, 2019
    Messages:
    42
    Location:
    South Padre island, Tx
    Oh wow. You’re right.


    • Alliant offers Tesla loans in all states except the following: CA, CO, FL, GA, HI, IL, MD, MA, MN, MO, NV, NJ, NY, NC, OH, OR, PA, TN, VA, WA”
     

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