Tesla Rate Match Issue.

[kevindangit]

Hey Guys,

I was wondering if any of you had this come up. What would you guys pick in this situation?

"Thank you for providing the approval from DCU. Your current lien-holder, BMO Harris Bank, does not allow for an adjustment to the rate upfront; however, we still have two options for you to obtain the rate match. First, we could submit your application to additional/alternate lenders and potentially provide the rate match upfront. Second, we could provide a refund check equal to the difference in monthly payments over the course of the loan. The refund check would be for $2,936.16 and sent six to eight weeks after delivery. Please let me know your preference."

 

[Noflash]

Take the money.

 

[kevindangit]

Can't seem to find how to edit the original post...

It seems like I would be better off taking the check for $2900 and keeping the current higher rate (2.54 with BMO vs 1.24 with DCU) as I do not intend to keep the vehicle more than 3 to 4 years.

 

[Gurule92]

Either way seems good to me

 

[Tomcool]

Same here, but I only got $2000 refund from Tesla. 72 month finance.

 

[Tomcool]

Hey Guys,

I was wondering if any of you had this come up. What would you guys pick in this situation?

"Thank you for providing the approval from DCU. Your current lien-holder, BMO Harris Bank, does not allow for an adjustment to the rate upfront; however, we still have two options for you to obtain the rate match. First, we could submit your application to additional/alternate lenders and potentially provide the rate match upfront. Second, we could provide a refund check equal to the difference in monthly payments over the course of the loan. The refund check would be for $2,936.16 and sent six to eight weeks after delivery. Please let me know your preference."

How did you accept the offer from Tesla? Just click confirm in the payment method task?

 

[kevindangit]

How did you accept the offer from Tesla? Just click confirm in the payment method task?

I haven't accepted the offer yet. I just replied to the question via email on Saturday and said that I would accept the check. I'm waiting on further instructions now.