That math looks right but this will all be figured for your on your Tesla portal after you place your order. All of my charges are listed out for me to review and a total is shown. You might round up a bit if you are applying for financing elsewhere besides Tesla.
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That math looks right but this will all be figured for your on your Tesla portal after you place your order. All of my charges are listed out for me to review and a total is shown. You might round up a bit if you are applying for financing elsewhere besides Tesla.
That's why you should get a loan easily from DCU. They only require to join organization, and it only need $10 donation. That's it.
Reach Out for Schools membership right? Did you have to get this membership before they would prequalify you?
"0.50% for Plus and Relationship members" Can you tell me what this means?
Also, "DCU offer 1.75% but has the absurd requirement to direct deposit the entire salary into their checking account. Not sure if it's worth the hassle to try it with DCU." Is this true with them as of today?
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What was their reason for not approving the membership? From what I can tell, the easiest way to get membership is to join one of their approved organizations for $10 donation.
In the process of obtaining a loan with DCU with 1.74% for 65 months. They are requiring a purchase agreement prior to finalizing the loan. Is sending the MVPA sufficient? I currently have a loan approved with Tesla but found the better rate with DCU, do I need to notify Tesla about my new loan with DCU or do I just have it changed at delivery?
To be a member of carolinacoopcu, you must obtain a membership from New Member Rates. $20 a year. But you only need to be a member once because once you are in carolinacoopcu, you are forever in.
To be a member of DCU, you must obtain a membership from Join | Reach Out for Schools for $10. You also must directly deposit your full income to their checking account.
To be a member of DCU, you must obtain a membership from Join | Reach Out for Schools for $10. You also must directly deposit your full income to their checking account.
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mcorf
Member
Carolina just takes the money out of your checking account, you don’t have to deposit anything in it.
Just to clarify, are you saying you must switch your direct deposit to them to get a loan?
Or are you mentioning that you must switch your direct deposit to them to get the additional 0.50% off of your loan? If the base loan is 1.99%, I'm not interested in switching banks, so I wouldn't qualify for the 0.50% off. However, an "energy efficient vehicle" discount is given, 0.25% off, for an interest rate of 1.74%. Though 1.24% is tempting, its such a hassle to change my direct deposit.
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You have to do the direct deposit to get the 1.99, if not, they add .50 to that number. Then of course since it's an EV, they can take .25 off that. So if no direct deposit, it'd be 2.24.
Can you expand on this? Carolina doesn't require you to direct deposit your salary like DCU? Am I correct on the joining the ncconsumer.org for $20?
mcorf
Member
Yes, correct. I live in Ohio and joined last year when I bought my Model 3. They just asked for a checking account and routing number as I wanted automatic withdrawal every month.
What date did you finish configuration? Do you plan to setup financing after you receive the VIN since if you setup today your rate lock would expire by December? I'm trying to figure out when the best time is to setup financing.
Sorry, noobie here. Could you or anyone explain how this finance workaround turned out with no down payment?
I went in Tesla for 2021 M3 LR AWD and the salesman told me that I have to put down payment $9900 ($4500 down payment + $5000 sales tax and registration fee in California). I would LOVE to know and understand how to roll all the cost into the loan with credit union. Your answer is greatly appreciated!
mcorf
Member
Carolina let’s you finance 100% of the loan. Also, once you get approved it is good for 30 days, but if it goes longer they won’t run your credit again, you just have to give them an updated pay stub.
@mcorf is it fair to say Carolina is aware their info is on this forum and in turn they are versed in dealing with 'us' and financing Teslas from out of state buyers?
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