Hey all. The Tesla advisor suggested I only apply for financing post-VIN. This is unwise to me as rates are held for 90 days and Bank of Canada is monthly raising interest rates, with a full-point hike expected in mid-July as all signs point to one-upping the Fed’s June hike.
With rates already at 5.45, that’s a lot. My delivery date is 4-6 months out. My intention is to apply right before the July 13 Bank of Canada meeting as a hedge against this as I’ve heard approval only takes minutes. (And it’s possible my delivery date will bump up as I upgraded the car from RWD MS to LR Blue).
Is the hit to the credit score in the event of a second finance application worth considering? My credit is quite good at 831.
Thank you!
With rates already at 5.45, that’s a lot. My delivery date is 4-6 months out. My intention is to apply right before the July 13 Bank of Canada meeting as a hedge against this as I’ve heard approval only takes minutes. (And it’s possible my delivery date will bump up as I upgraded the car from RWD MS to LR Blue).
Is the hit to the credit score in the event of a second finance application worth considering? My credit is quite good at 831.
Thank you!