Glamisduner
Active Member
damn two days? what config? I might have to try that cu I think mine is going to drop my locked in rate at this point.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla loan comparison spreadsheet - auto updates hourly
- Thread starter T3slaMecca
- Start date
- Status
contaygious
Active Member
Wescom rate is misleading. I just spoke with them and they said the 2.24% rate is only if you meet their Platinum Status Membership which includes using their insurance, direct deposit, savings, checking, debit...
Just setting up a savings and checking account would result in a 0.25% discount or 3.24% rate (60mo, good credit).
Just setting up a savings and checking account would result in a 0.25% discount or 3.24% rate (60mo, good credit).
e-FTW
New electron smell
Yes, some CUs have strict residency requirements (noted in spreadsheet, scroll to the right).
Not the case with Pasadena Federal CU. Great to work with.
n2mb_racing
Active Member
Hi everyone!
I applied for a loan from Fairwinds credit union and received approval for a 36 month loan at 0.75%!! They did only do 90% loan to value, so it wasn't for the full amount of the purchase. They also require auto pay from a fairwinds checking account.
How is the rate so low? Amazing.
I just applied to Lightstream as well to see if they will do the full amount and do rate beat to bring it to 0.65%. The only catch might be that I already have another Lightstream loan for my other Model 3... Hopefully they will allow two loans for us.
Thanks for the spreadsheet!
I applied for a loan from Fairwinds credit union and received approval for a 36 month loan at 0.75%!! They did only do 90% loan to value, so it wasn't for the full amount of the purchase. They also require auto pay from a fairwinds checking account.
How is the rate so low? Amazing.
I just applied to Lightstream as well to see if they will do the full amount and do rate beat to bring it to 0.65%. The only catch might be that I already have another Lightstream loan for my other Model 3... Hopefully they will allow two loans for us.
Thanks for the spreadsheet!
Great rate you've got there! .1% difference over 3 years is ~$80 for the term on 50k loan, but it's nice to not have to pay from another checking account.
Glamisduner
Active Member
Is light-stream even still a thing? I have never heard back from them after I emailed about rate matching after they gave me a crappy pre approval rate.
voip-ninja
Give me some sugar baby
They’re a thing insofar as they did the automatic ACH withdrawal for my first payment today.
n2mb_racing
Active Member
They rate matched my loan back in August. I'll see if they do it again now.
Yeah, the 0.1% rate beat is not much difference, it looks like $~120, since I'm looking at a $77k loan for a Model 3 performance.
n2mb_racing
Active Member
I'm now stuck in rate match hell. Fairwinds won't provide more than a "pre-approval" and Lightstream wants a full "approval letter", not a pre-approval letter. hmmm.... Anyone have any luck getting Lightstream to match fairwinds? I had lightstream match my local credit union back in August with no problem. This time its harder...
Rotarypower
Member
@n2mb_racing any update? I’m in Cary and was curious how you got the Fairwinds rate? Do you have residency in Florida? Also other than lightstream, did you find any decent rates in NC?
n2mb_racing
Active Member
My last lightstream loan I had Lightstream rate beat to Duke credit union. It was 2.25% this summer.
Still waiting for Tesla to update my documentation.
DarthNikola
Member
Thank you for sharing! Made a call based on your list and I think I found my loan and will save half a point. That's real money when you're financing a car like this.
I was able to get approved for the Rate Beat that LightStream offers. However, my loan says secured and not unsecured. It also states that I have to put them as the lien holder on my title. I have no problem with doing so but don’t know if I need to let Tesla know or if I’ll be able to do it when I go to register the car? I live in a state where Tesla isn’t aloud to operate so I have to handle registering and taxes myself.
So before your Rate Beat was approved, was your original Lightstream loan approval for an unsecured or secured loan?
It was for a secured loan. It never gave me an option for picking either or, at least that I noticed.
I just went to the website and selected apply for new auto loan.
- Status
Similar threads
