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Use Tesla Financing, or Elsewhere?

Discussion in 'Model S: Ordering, Production, Delivery' started by Buster1, Sep 9, 2017.

  1. Buster1

    Buster1 Member

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    Does anyone recommend using Tesla's in-house financing, or something different? Did I see that Tesla was offering 1.99% somewhere?

    Curious about your thoughts on this.

    Thanks!
     
  2. DriveMe

    DriveMe Member

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    I believe it's still 0.99%. Hard to beat!
     
  3. jareade

    jareade Supporting Member

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    Yes, definitely go through Tesla lending: Tesla Lending

    .99% through September 30 and rumored (hoped?) to go through the end of the year.

    Fill out a credit app and see who your lending choices are, as it varies by state: Credit Application | Tesla

    Alliant is a lender in all 50 states. Others are limited to various states.
     
  4. DriveMe

    DriveMe Member

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    #4 DriveMe, Sep 9, 2017
    Last edited: Sep 9, 2017
    Alliant is a lender in 50 states, but the .99% rate is not available from them in all states.
     
  5. Bonlaw

    Bonlaw Member

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    Alliant also provides Gap Insurance for those not putting a lot of money down.
     
  6. boaterva

    boaterva Supporting Member

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    I did it through Alliant 'separately' and had joined them doing the pay $10 to whatever foundation months ago just to be ready. No real reason not using Tesla Lending except I used the alliant promos site which may still be there if it's been extended past the end of September.

    Looks like still September. May change October 1. :D

    Tesla Car Loans from Alliant
     
  7. DriveMe

    DriveMe Member

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    That's not even necessary, as the loan itself would qualify you for the membership, or so I was told by an Alliant rep.
     
  8. boaterva

    boaterva Supporting Member

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    Hah, interesting. At one point to start the process you needed 'to be a member'. Good to know for others!
     
  9. JPUConn

    JPUConn Member

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    If your buying new then absolutely Alliant for .99%.

    If used I'd go elsewhere solely because Alliant charges a "tesla premium" regardless of loan to value ratio on any used tesla of .75% above their advertised rate for any other vehicle (3.24 vs 2.49)
     
  10. Mediocrates

    Mediocrates Member

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    Keep in mind that there is no "in-house" financing. Tesla does not provide financing (unless this has changed in the past few months). It coordinates with lenders to offer buyers negotiated rates and terms, which may be superior to what you would obtain by directly contacting those lenders.
     
  11. Robgs75

    Robgs75 Member

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    Tesla financing was the easiest part of my order and delivery. The app was quick the approval was instant and the service was good. I had some delays with my order and when I called the finance department they were always helpful, they even picked up the phone almost every time no voicemail tag. I got 1.49 for 72m with TD. Then after my delivery was delayed TD had a rate drop and I got .99 for 72m. The process was easy and I dont think I could beat .99 for 72 anywhere else. Took delivery last Thursday.
     

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