Tesla loan comparison spreadsheet - auto updates hourly

[RickW]

I ran through credit unions and ended up getting pre approved for 48k at 2.89% 72 mo. After all of that meandering with different credit unions, including one in South Carolina which required me to join a Consumer Council Group (I didn't), I couldn't believe that my best rate would end up being Bank of America. Now I need to see if they will take off another 1/4% for preferred. Not a credit union, but a bonafide bank. I'm surprised.

 

[kunzjob]

^ How'd you get that rate? I'm seeing 2.94% for 60mo on their site... I have been going between BofA and Chase bank (3.84% for 72 mo).

 

[RickW]

>

^ How'd you get that rate? I'm seeing 2.94% for 60mo on their site... I have been going > between BofA and Chase bank (3.84% for 72 mo).

I'm assuming it may be due to my credit score. I also don't have a lot of credit card or outstanding loans out. I was as surprised as you, believe me.

 

[BrianKH]

I got 2.49% with Bank of America yesterday for a 48 month loan for 65k. I was told, however, that yesterday was the end of a promotion they had on interest rates for cars. The promotion rate was 2.99% and I received another .50% off for being a Preferred Rewards member.

 

[RickW]

I got 2.49% with Bank of America yesterday for a 48 month loan for 65k. I was told, however, that yesterday was the end of a promotion they had on interest rates for cars. The promotion rate was 2.99% and I received another .50% off for being a Preferred Rewards member.

Weird, my banker never mentioned that. I did call him today to see if the Preferred thing was included in my rate, but I have to admit that I was looking for an 84 month loan, but with the pre financing part of the headache gone, I'm still stoked that this was a rate that I never planned on with a 72. Now if Tesla beats it, that would be the icing on the cake.

 

[BrianKH]

Like you, I was surprised by the rates Bank of America is offering. RickW, you secured a great rate for a 72 month loan.

 

[Vaevictus]

In Belgium just got a loan for 60 months @ 1.3% for 50k

 

[RickW]

@Vaevictus Is there a Bank of Belgium in Seattle? .

 

[Amit519]

Weird, my banker never mentioned that. I did call him today to see if the Preferred thing was included in my rate, but I have to admit that I was looking for an 84 month loan, but with the pre financing part of the headache gone, I'm still stoked that this was a rate that I never planned on with a 72. Now if Tesla beats it, that would be the icing on the cake.

Best Rate Guarantee

 

[Amit519]

Weird, my banker never mentioned that. I did call him today to see if the Preferred thing was included in my rate, but I have to admit that I was looking for an 84 month loan, but with the pre financing part of the headache gone, I'm still stoked that this was a rate that I never planned on with a 72. Now if Tesla beats it, that would be the icing on the cake.

Bank of America
Preferred Rewards members can get an interest rate discount of:
0.25% Gold
0.35% Platinum
0.50% Platinum Honors

 

[snkp360]

Got a 3.54% for 72 Month from Redwood Credit Union, they discount .25% for an EV

 

[kunzjob]

Has anyone gone with Allegacy lately? They seem to have great rates and are pretty easy to join.

 

[FlySpaceman]

Has anyone gone with Allegacy lately? They seem to have great rates and are pretty easy to join.

I just ordered my Tesla, I will be looking at applying through them now with that beautiful 1.99% rate for 66 months if it is true. I would also like to know if anyone else has experience with Allegacy and how it has been.

 

[11thIndian]

Anyone have any advice for best SF Bay Area option? 60-72 Month Loan.

 

[patbaker82]

Anyone have any advice for best SF Bay Area option? 60-72 Month Loan.

Try EECU

 

[MJRoses23]

So I originally went through Tesla financing and received a rate of 3.99 for 72 months. I was in a pinch and didn’t have a lot of time to shop around.

Today after reading about Allegacy and their rates I explored refinancing with them to save on interest. I reached out to them and they were fantastic!

Opened an account and was contacted by a rep within an hour or two. She walked me through the process of refinancing and processed my application. After uploading a few docs my loan was approved! 72 months at 2.44%!

Their customer service and process was top notch. I can’t recommend them enough!

 

[TheTonester]

Today after reading about Allegacy and their rates I explored refinancing with them to save on interest. I reached out to them and they were fantastic!

Opened an account and was contacted by a rep within an hour or two. She walked me through the process of refinancing and processed my application. After uploading a few docs my loan was approved! 72 months at 2.44%!

Their customer service and process was top notch. I can’t recommend them enough!

If you don't mind my asking, how were you able to join not living in NC?

 

[MJRoses23]

If you don't mind my asking, how were you able to join not living in NC?

You can join by being a member of certain associations. When you apply for an account you select that as your qualification. Then pick the association you want to join and add that dollar amount to your original account balance. The one I picked was only 20$.

 

[xsorifc28]

Anyone have a good recommendation for loans in South Jersey area (NJ)? Super excited to pick up in 10 days!

I've looked through the sheet and the best I've found is:

Sharon View FCU (seems like they just started serving NJ) 2.24%
Allegacy (I think they support NJ) 1.99%

Also,
Bank of America 3.19%

Would appreciate if anyone could comment on recent experiences and rates!


My credit is excellent, so hoping I can qualify for the best rates. Looking at 48-72 month.

Thanks!

 

[Coolio2000]

I just called Allegacy. They said that they only do 90% Loan to Value ratio on Teslas.

I'm currently trying to beat 72 months at 3.74% through Tesla (Wells Fargo). Any good deals in Colorado?