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Tesla loan comparison spreadsheet - auto updates hourly

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

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  1. mrkbig

    mrkbig Member

    Joined:
    Mar 15, 2020
    Messages:
    13
    Location:
    Northridge
    Tesla Financing via Chase Bank matched my credit union (who was swamped on New Year's Eve and couldn't come thru with financing in time)
    2.24% 72 months, 0 down. Model 3 standard range plus.
     
    • Like x 1
  2. el-guapin

    el-guapin Member

    Joined:
    Dec 26, 2020
    Messages:
    27
    Location:
    LSU - Geaux Tigers!
    That's a great rate!. If you don't mind, what's your credit score looks like?
     
  3. usood89

    usood89 New Member

    Joined:
    Dec 27, 2020
    Messages:
    4
    Location:
    Long Island, NY
    Thanks!
     
  4. GOLDXP

    GOLDXP Member

    Joined:
    Dec 30, 2020
    Messages:
    7
    Location:
    houston
    Thank you so much. People outside this forum should know about this frankly
     
    • Like x 1
  5. Mr.Chipperson

    Mr.Chipperson Member

    Joined:
    Oct 7, 2020
    Messages:
    39
    Location:
    Indianapolis, Indiana
    Do you have to direct deposit your paycheck or income source to their account there?
     
  6. zeldazelda

    zeldazelda New Member

    Joined:
    Jan 7, 2021
    Messages:
    1
    Location:
    PA
    For Carolina Coop CU, it takes forever and no one answers the phone except for customer service people who know nothing about the loan. if you are ready to wait for 2-4 weeks, could be longer, and don't mind mailing materials in batches (they don't tell you all the requirements at once), go for it. the rate is great at 1.99% but it's way too much headache. you leave 10 vms and get no return call. I feel that they just don't care. why bother
     
  7. imola.zhp

    imola.zhp Member

    Joined:
    Jul 13, 2020
    Messages:
    382
    Location:
    Memphis
    No, you just have to be a member with a $5 account balance.

    Weird, I had the exact opposite experience with CCCU. Everything was in a packet with easy instructions to follow. Since we are still a bit out from buying I kept the loan application and only sent back my membership application, a $5 check and a letter indicating that I would be sending the loan app with additional $145 when I got within 30 days of taking delivery.
     
  8. DM006

    DM006 Member

    Joined:
    Jan 11, 2021
    Messages:
    6
    Location:
    Texas
    For those who have mentioned going through DCU, how did you become eligible to be a member? It seems like you can simply join one of the not-for-profits they list for about 15 bucks a year and automatically become eligible that way, even if you don't live in the right areas. Have any of you done it that way?
     
  9. 3ngineer

    3ngineer Member

    Joined:
    Nov 26, 2019
    Messages:
    53
    Location:
    Mass
    @T3slaMecca your custom function "importRegex" is not being recognized so 99% of the rates don't show up.
     
  10. ReturnZero

    ReturnZero Member

    Joined:
    Jul 9, 2015
    Messages:
    226
    Location:
    Dallas TX
    Same here - I thought it was just me.
     
  11. TimTom

    TimTom Member

    Joined:
    Jan 2, 2021
    Messages:
    30
    Location:
    Philadelphia
    has anyone applied for financing with tesla recently? im wondering what their current 60 month rates are.
     
  12. MikeInBoston

    MikeInBoston Member

    Joined:
    Dec 8, 2020
    Messages:
    17
    Location:
    Boston, MA, USA
    Sorry, just seeing this. I don't know what it is but I assume very good/excellent. I'm the kind of person who gets a credit card just to build credit score. I pay my bill every month. I have a mortgage and solar loan (no car loans aside from the new one for my Tesla) that I pay every month on the dot.
     
    • Like x 1
  13. muhteeus

    muhteeus Member

    Joined:
    Jan 19, 2021
    Messages:
    29
    Location:
    Trophy Club, TX
    I got approved for Alliant (through Tesla but not Tesla Financing... weird). Based in Texas.

    3.49%/72 - $35k - FICO 760

    Is this a decent rate? I have tried shopping around (not credit unions yet) and the closest I can find is like 5%. Also, confirming above I checked the spreadsheet and the rate function is broken.
     
    • Like x 1
  14. Venom

    Venom Member

    Joined:
    May 29, 2019
    Messages:
    265
    Location:
    Chicago, IL
    Got approved with Tesla financing at 2.14% for 72 months
     
    • Like x 2
  15. muhteeus

    muhteeus Member

    Joined:
    Jan 19, 2021
    Messages:
    29
    Location:
    Trophy Club, TX
    FYI Texas Tesla Bois

    Wasn't sure the Tesla recommended Alliant loan was the best rate (3.49%@72 months).

    Applied with Texans Credit Union and secured 2.69%@72 months.

    760 FICO and the loans are limited to Texas in certain counties.
     
  16. spbond0079

    spbond0079 Member

    Joined:
    Jan 30, 2021
    Messages:
    6
    Location:
    USA
    Thank you for everyone's post. I did email Tesla finance as well regarding a better rate. They got back to me with Chase's offer of 2.09% as compared to the original offer by BMO harris at 2.49%.
     
  17. Venom

    Venom Member

    Joined:
    May 29, 2019
    Messages:
    265
    Location:
    Chicago, IL
    That’s awesome, glad to hear! I got 72 months at 2.14% with BMO and I might ask if they can check chase since I bank with them anyway.

    How many months did you get?
     
  18. spbond0079

    spbond0079 Member

    Joined:
    Jan 30, 2021
    Messages:
    6
    Location:
    USA
    I initially kept it for 72 months and when I emailed them, I asked better rate for either 60 or 72 months. Got that 2.09% on 60 months.
     
  19. TimTom

    TimTom Member

    Joined:
    Jan 2, 2021
    Messages:
    30
    Location:
    Philadelphia
    I applied today for financing though tesla and was approved. My financing offer is for 2.49% for a 60 month loan through US Bank.
     
  20. Ralbright

    Ralbright Member

    Joined:
    Dec 19, 2019
    Messages:
    93
    Location:
    PA
    TD auto finance through Tesla. 2.49% for 72 months
     

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