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Tesla loan comparison spreadsheet - auto updates hourly

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Anyone else have to submit paystubs, vehicle info, previous employer, etc. To Allegacy Before getting rate quote?

After joining how soon were you contacted / abled to apply for loan? I tried to do that initially following the application process to join their CU, but it wouldn't let me submit it - kept saying I was missing a required field but I couldn't see which one. My thought was VIN, but that wasn't marked as required and wasn't highlighting as such when I tried to submit.

I received an automated email about 24 hours after joining, but have not heard back from anyone regarding online access or how to complete the loan application.
 
Do you know how long their quote is good for? 30/60 days? Also how much of the car will they finance? 100%?
I think it was 30 days but here is her contact info. Ask her what is their rate before letting her pull your credit.
I made $1000 deposit to Tesla to reserved back on April 1, 2016, then another $2500 to place the order.

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Samantha Compton
Auto Finance Specialist – Loan team 3
8131 LBJ Freeway, Suite 500 | Dallas, TX 75251
Office: 972.705.4875 | Fax: 972.705.4907
Email: [email protected]

She was super when she was helping me with my Tesla loan. Good luck!
 
Nice! Did you apply by phone or online? How long is their rate good for? Did they finance 100% of the car?
I did everything over the phone. Didn't have to fill out anything. After they approved you and you accepted the term. They will make you sign some form online (Docuware I think). I am still waiting for my Tesla rep to send "a letter of guarantee" before the Credit Union will release the fund. I am not sure how long the offer is good for. When I asked, she say their rate range is 1.99% thru 5.49%. I was approved was zero down...so yes, I would think they do finance 100% of the car.
 
I did everything over the phone. Didn't have to fill out anything. After they approved you and you accepted the term. They will make you sign some form online (Docuware I think). I am still waiting for my Tesla rep to send "a letter of guarantee" before the Credit Union will release the fund. I am not sure how long the offer is good for. When I asked, she say their rate range is 1.99% thru 5.49%. I was approved was zero down...so yes, I would think they do finance 100% of the car.
I assume you're financially stable/well-off to be able to get approved over the phone + very low rate + $0 down?
 
I was just approved @ 1.99% for 72 months with Credit Union of Texas.
No paycheck stubs required. Everything was done over the phone. It was the most 10-15 minutes painless car loan application ever!
They are familiar with Tesla's MVPA process.

How did you get that rate? I'm working through their online application and its saying 3.99% for 72 months and I have near perfect credit. Do you actually have to call them to get that rate?

Also, membership seems to be contingent upon being employed by various companies or living in the area around the CU. How were you able to get around that with being out of state?

Thanks!
 
How did you get that rate? I'm working through their online application and its saying 3.99% for 72 months and I have near perfect credit. Do you actually have to call them to get that rate?

Also, membership seems to be contingent upon being employed by various companies or living in the area around the CU. How were you able to get around that with being out of state?

Thanks!
I didn't bother with filling out the online application. I just called in. I asked what is their current rate and she say 1.99 thru 5.xx%. I do live in Texas, just not in Dallas. Not sure what other factor help contribute but I do work for the State. I do have a long history of car buying (not something I am proud of. So much money wasted on trading in cars). I have another buddy who just got his Model 3 and he downed about $28K with credit score higher than mine but his best rate was 2.6% for 72 months. He was only financing about $31K. They say he never have any car buying history. This is his first brand new car loan ever. So I wish all my Tesla buddies best of luck for that 1.99%!
 
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