Yeah, I called close enough to 5 p.m. that I assume she'll call me tomorrow. I think its just a typo but it says 20 pay stubs?!
Did you actually have to join prior to any indication of approval? I'm applying jointly with the spouse and it would be nice to have an indication prior to shelling out $50+ in membership fees. We have good credit, solid jobs so I assume we'll be approved, I'm just rate shopping at this point. The cheapest I can get where I live is 3% for 60 or 2.7% on 48 (all our credit unions are so much higher than whats posted on the sheet!). Which isn't bad, but 1.99% or even 2.49% look a lot nicer.
They want 2 most recent pay stubs.
1. I applied for a membership on Friday (applied online, and a few hours later they requested a copy of my driver's license and proof of address).
2. Called them on Saturday morning (800-782-4670) to verify that my account was active and that I was cleared to apply for the loan. On the phone, they told me that I needed to wait until they sent the packet in the mail that included my member number (not to be confused with the account number). I asked if they could send me my member number via email so I could apply right away. They sent it over some secure temporary website.
3. With the member number, it allowed me to sign up for an online account
4. Once you're logged in, you can apply for the auto loan. It said I was approved and that I would be contacted by someone
5. Since it was on a Saturday, they called me today (Monday) morning to ask what car I was looking to purchase, and asked me to send me a copy of my driver's license (again), recent 2 pay stubs, proof of any other income (if entered on your application), proof of auto insurance, a reference and their phone number, order agreement, and ASAP- the final price sheet (Motor Vehicle Purchase Agreement for Teslas). They also provided the lien information/address to be entered on Tesla's website.
6. Since I'm planning to take delivery of my car next Monday and haven't heard from a delivery specialist yet, I called the local SC directly and apparently no one was assigned to me as their delivery specialist. So the person I spoke to on the phone ended up becoming my delivery specialist and they were very quick to finish up my paperwork.
7. Once the Motor Vehicle Purchase Agreement was uploaded on Tesla's website, I just emailed that to Allegacy and they should be ovenighting the check to Tesla. They need the purchase agreement 2 business days before delivery date so they can get the check sent on time.
Hopefully that helps. Given that my other choice for financing was Bank of America at 3.19%, this little bit of extra work is saving me approx $1100 in interest over 5 years