I'm doing the clearpath one right now online. Did they have to run your credit for the preapproval. Thats what I'm seeing as I click submit. Another question I had was... If I get the 72 month loan with Tesla.... Then I get a rate from Clearpath at 1.99% for 60 months... Does Tesla give me the 1.99% rate reimbursement for the whole 72 months or 60 or will they just deny it since the terms are not the same length?
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Tesla loan comparison spreadsheet - auto updates hourly
- Thread starter T3slaMecca
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A lot of "pre-approvals" run a hard pull so do have to be careful. Lightstream did. So far I haven't seen a hard pull from Clearpath show up on my report but it still might. Definitely a soft pull tho.
Terms and amounts need to match for rate match.
Sometimes the banks you want to use have super high rates but you're able to get a way lower rate but at a bank that seems really incompetent and can't trust. And you'd like to rate match but both parties are making it really difficult. Just for now, Tesla rate match just solves it albeit in a kind of tangent way by paying you the difference. I can think of worse banks to loan from than us bank.
Anyways, now the real dilemma... Put the money I'm saving on interest into my 401k OR wheels?
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I actually literally tried to do this in the days prior to delivery and got no response until after I took delivery. It wasn't an issue tho since I preferred the lump money now and putting it right into investment accts right away.
Or you know, coilovers.
Not too sure.. somewhere in the 700's but that was quoted even before they ran my credit.
Congrats on your loan getting finalized with CCFCU! Where is CCFCU located? I tried to apply but they told me I have to live or work in their service area. I wonder if there is a way around that.
Congrats on your loan rate. That’s a good point. Financing with Tesla may be more convenient but it pays to shop around.
I checked Sharon CU website and apparently one has to live or work in specific areas. Do you know if they allow membership using other criteria as well?
I wonder what that means if it is unsecured? Doesn’t the bank still have a claim to the vehicle if you don’t make the monthly payments?
Cyclone
Cyclonic Member ((.oO))
Oh it is most definitely unsecured. They even include this bold comment in a larger font in my loan docs. Lightstream has as much recourse in the event of non-payment as a credit card company does.
Lighstream Loan Documents said:
They are located in NC. You can join https://www.carolinacoopcu.com for $20, a one year membership with them establishes membership. While the eligibility is instant the process of joining take about 2 weeks. Good luck.
Does Tesla financing have any prepayment penalties? Thinking of just using their financing and then refinancing with a local CU when I register it in my home state, since Tesla can’t sell here in MI. I figure it would be easier should tesla change VIN’s on short notice or there is a problem with delivery.
I am going with a third party lender as Tesla was able to match my rate, but they were not able to match the amount financed. I will be picking up check on Monday and taking Delivery that same day or possibly Wednesday. They sent a document stating they had to receive check and clear way before delivery.
Is this true? Or were you able to take your check and get delivery same day like you mentioned? any issues or holdups? Thanks
MassX1317
Addicted to TMC
Did you negotiate a lower rate? Website lists the rate at 2.99%, 2.74% if an approved green car.
amazinglarry
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