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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. tenpiecenugget

    Joined:
    Feb 21, 2021
    Messages:
    7
    Location:
    CA
    Damn, sorry to hear. They were pretty responsive with me; creating my account and getting my loan approval were both a 1 day wait.
     
  2. Duxxn

    Duxxn New Member

    Joined:
    Tuesday
    Messages:
    3
    Location:
    Big bear
    Once you accept the loan offer, how long will this loan agreement last?
     
  3. JindoFuzz

    JindoFuzz Member

    Joined:
    Feb 26, 2021
    Messages:
    32
    Location:
    Portland, OR
    The rate lock varies. Mine was 60 days.
     
  4. mrazndead

    mrazndead Member

    Joined:
    Oct 3, 2019
    Messages:
    18
    Location:
    asdf
    just got approved for 2.49% from tesla ...... emailed tesla finance and asked for a lower rate... 5 minutes later they updated my account to 1.99%...... anyone else had this?
     
  5. brianld

    brianld Member

    Joined:
    Jan 12, 2021
    Messages:
    14
    Location:
    Seattle, WA
    This is good to know. I assume you have excellent (800+) credit?
     
  6. mrazndead

    mrazndead Member

    Joined:
    Oct 3, 2019
    Messages:
    18
    Location:
    asdf
    i think im at 805-815.... but i read somewhere on this thread, that others have asked, and rate got lowered instantly practically.....so i tried it myself..it worked... much easier than jumping through hoops with CUs
     
  7. JindoFuzz

    JindoFuzz Member

    Joined:
    Feb 26, 2021
    Messages:
    32
    Location:
    Portland, OR
    Same. I might have squeezed out another few basis points with a CU, but I might have also needed to move my direct deposit, etc, to qualify. This is way easier.
     
  8. Machine

    Machine Member

    Joined:
    Tuesday
    Messages:
    8
    Location:
    Bay Area, CA
    Credit score: 722-743
    Approved for 44k through Tesla Finance with Wells Fargo Auto @ 2.49%
    Should I push my luck for a better rate?

    Had two collections drop off 2 days prior to applying, I feel like I got extremely lucky on timing for the rate!
     
  9. mrazndead

    mrazndead Member

    Joined:
    Oct 3, 2019
    Messages:
    18
    Location:
    asdf
    Yes absolutely... Try it
     
  10. indyjaco

    indyjaco New Member

    Joined:
    Thursday
    Messages:
    4
    Location:
    Indianapolis
    got 2.49 @72 months today, sent the email to try and lower the rate
     
  11. exefworks

    exefworks New Member

    Joined:
    Feb 26, 2021
    Messages:
    2
    Location:
    MD
    Approved for 2.49 via U.S. Bank, fired off an email asking for a lower rate, they came back in 15 minutes with BMO Harris (2.14%). I then replied back asking what Chase was offering out of curiosity since I have accounts with them (just to simplify autopay) and they updated the account again to 2.04%.

    Strange they didn't offer this to me the first go around, but just an FYI that multiple requests may work out for you.
     
    • Informative x 1
  12. indyjaco

    indyjaco New Member

    Joined:
    Thursday
    Messages:
    4
    Location:
    Indianapolis
    I tried the email back and was 2.49 was the best rate, Credit score over 800 and 21k of trade equity. Maybe it is an Indiana thing, they could not use Chase
     

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