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Tesla loan comparison spreadsheet - auto updates hourly
- Thread starter T3slaMecca
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I never updated my initial post, but yea that is how you join the credit union by joining that council.
Council first, you give them your 'council number', and then they mail you your credit union application to join.
That's the only bad thing is that the application to join the credit union is mailed and then you have to mail it back. It could be a week or two, before I even get approved and start applying for the loan.
Croathlete
Member
Went through the leg work to do the physical work of getting a membership applying for a loan through Carolina Cooperative Credit Union.
Unfortunately, they seem pretty hesitant to give loans for private sellers, which is what I was looking for. Approved for 2.49 for 72 months, but denied unless it was through Tesla or a dealership
Ended up going through a credit union that isn't on the list Azura Credit Union 2.99 for 72 months. (Someone want to add them to the list)
Seems you can join if you are in Kansas or a government(state, local or federal) employee....
Also seems lines in 131 and below need to be cleaned up and put where they belong in the excel spreadsheet.
Unfortunately, they seem pretty hesitant to give loans for private sellers, which is what I was looking for. Approved for 2.49 for 72 months, but denied unless it was through Tesla or a dealership
Ended up going through a credit union that isn't on the list Azura Credit Union 2.99 for 72 months. (Someone want to add them to the list)
Seems you can join if you are in Kansas or a government(state, local or federal) employee....
Also seems lines in 131 and below need to be cleaned up and put where they belong in the excel spreadsheet.
That’s interesting.... I wonder if they would decline a refinance then. I’m the original owner and bought the car direct from Tesla... but currently am financed from another credit union.
Did you offer to tell you any of this information before running a hard credit check, or was it all “we have to run your credit before you see what we can do...”
It was all after the fact. Didn't learn till after I had a membership and pulled my credit for a loan, that their limit for a private sale loan is 30K, which is almost zero Teslas worth buying. She had to ask her boss to see if they would override. Seems they would, but then they was also nervous the seller was in the a different state(for transfer title purposes) - and them "being a small credit union" and being "burned by other private sale transactions" - they ended up saying no.
Thanks for the info, maybe I’ll still reach out to them and ask that they clear all this upfront first. I wonder if they would be more open to it if money is being sent directly to another financial institution and then the title being transferred directly to them...
Hi all-
First poster here. Just ordered my M3 LR yesterday, and got approved through Tesla (Chase Bank) for 2.39% (72 month). While I'm perfectly happy with that rate, I didn't agree yet to those terms. Reason being I am waiting on the duplicate title from the state (Im in PA) and while I ordered it 2 weeks ago and it should be here within the next week or two at the latest. I just didn't want to have the delivery date set up and not have the title in time since I wanted to add in the tradein value. Should I continue to hold off on finalizing terms of financing (as I dont plan to go to any local CU's, fairly slim pickings around here), or does it not really matter, and the delivery date is whatever that date will be? Thanks!
First poster here. Just ordered my M3 LR yesterday, and got approved through Tesla (Chase Bank) for 2.39% (72 month). While I'm perfectly happy with that rate, I didn't agree yet to those terms. Reason being I am waiting on the duplicate title from the state (Im in PA) and while I ordered it 2 weeks ago and it should be here within the next week or two at the latest. I just didn't want to have the delivery date set up and not have the title in time since I wanted to add in the tradein value. Should I continue to hold off on finalizing terms of financing (as I dont plan to go to any local CU's, fairly slim pickings around here), or does it not really matter, and the delivery date is whatever that date will be? Thanks!
By the way, forgot to mention delivery is 3-6 weeks (although I've seen many around here are still waiting on VIN's from like March due to COVID.
JACMS3
Member
So Tesla does not offer GAP insurance on any of their financing options, correct?
If you are in NC, I have looked into Carolina COOP (difficult to get any of their loan officers on the phone). Sharonview credit union, who advertised 2.24% (however after talking to them this is only for 36month term, 2.74 was the rate between 37-60 months). They now advertise 1.99%, assume this is for the 36 months as well, GAP is available for $550 (seems high comparatively).
If you are in NC, I have looked into Carolina COOP (difficult to get any of their loan officers on the phone). Sharonview credit union, who advertised 2.24% (however after talking to them this is only for 36month term, 2.74 was the rate between 37-60 months). They now advertise 1.99%, assume this is for the 36 months as well, GAP is available for $550 (seems high comparatively).
So that's not through Tesla then, right?
Since I've already approved the bank throuhg Tesla's financing at 2.99% - can I still change it (I don't have VIN yet)?
I applied for the loan at CCFCU just in case. I assume I'll have to call Tesla to change financing if it works out.
Has anyone actually been able to get CCFCU to reply? I sent their loan contact email a message a week ago with a few questions and have t heard anything back. I know all these credit unions might be really busy now, but I’m surprised after 5+ days I wasn’t able to get any email return...
Any direct contact information for anyone in their loan department?
Any direct contact information for anyone in their loan department?
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