Someone wrote a step by step instruction on how to get a document from DCU so Tesla can rate match. I'll copy it below.
Hopefully this helps out some people who are working on getting a good rate on their new car. I found out today that Tesla will rate-match the 1.24% 65mo loan from DCU (Digital Federal Credit Union) at 72 months. The steps I followed:
- Have good credit, reserve a tesla, wait for your VIN number
- Get a code and join DCU (Any existing members can provide one....message me if you need one). Open a checking and savings account (both free). You need the checking account to get the 0.5% direct deposit discount on the loan.
- Apply for a 65 month loan from DCU for the full price of the car (minus taxes/reg fee)
- Set your tesla reservation financing to Cash. This should cause the MVPA (purchase agreement) to show up on your account. If you don't get an MVPA you can email [email protected] to ask for one to be expedited
- Upload your MVPA (along with other required documents) to the DCU loan application.
- Call DCU (extension 9150) to tell them the application is complete. If you are approved they will send over the loan agreement DocuSign. Print this to PDF.
- Send the loan agreement PDF to [email protected] and ask for a match at 1.24% for 72mo.
- Once the loan is set up with tesla, reject the DocuSign and call DCU to cancel the loan