-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla Solar 10-year loan, 10% down, 0.99 APR
- Thread starter aswami
- Start date
I'm thinking about adding PWs and more solar to my current Tesla solar system. Too good a deal to pass up.
You may be able to get it changed if you just took it today. For my install, when I had some taxes removed, they re-did the loan documentation without any issues. I think as long as you don't have PTO and have not made any payments yet, you can have it re-done. Talk to your advisor.
So this new term is directly from Tesla Finance and the old high rates terms are from Mosaic. I found about this only because for some reason my PA assigned me a "hybrid" term with 0 down 10yr 0.99% and I of course signed and got approved last week. Got a call back yesterday saying in order to get 0.99%(which is Tesla finance direct) I have to put down 10%...
It does not. However it does initially price with your energy credits being given to Tesla up front. If you want your energy credits they may look for a larger downpayment of perhaps they'll just approve the higher principle.
I called Tesla Billing to see if I could refinance my existing Sunlight loan. They said I should talk to Sunlight about refinancing. Before calling Sunlight, I even asked Tesla Billing if Sunlight is the bank that is doing the new 0.99% APR loans, and they didn't know that!
Sunlight told me that they don't refinance their own loan, and suggested that I get a different bank to refinance the loan. They thought Tesla could tell me the name of the bank that is providing the new 0.99% APR and have them refinance my loan. Is there a Tesla sales line that I could call to check about this? Couldn't find any numbers on the Tesla website.
Sunlight told me that they don't refinance their own loan, and suggested that I get a different bank to refinance the loan. They thought Tesla could tell me the name of the bank that is providing the new 0.99% APR and have them refinance my loan. Is there a Tesla sales line that I could call to check about this? Couldn't find any numbers on the Tesla website.
Was able to chat with Tesla sales. They told me that they work with Sunlight and Mosaic to provide solar loans. Since Sunlight said they can't refinance their own loan, I called Mosaic. They told me that they cannot refinance any loans or even provide a fresh loan for me. I have to go through Tesla to get a loan from them. So, looks like the new financing terms are closed for existing Tesla customers who already have a loan underway. As a last measure, I will write to my project advisor and see what she says...
There are many calculators online. Just check bankrate.com and plug in all the variables.
The other option is to cancel your order and then reorder If you have started the project or the payments.
My system has already been turned on for almost 3 months now. My project advisor confirmed that existing customers cannot refinance on this new deal. A pity!
