Hello,
Never had a car loan before. I plan on putting enough down to get a $600 monthly payment. I do see 2 options:
One is DCU @ 2.74% for 65 months: The down payment would be $14,800
Another one is doing Tesla @ 3.74 for 72 months: The down payment would be $12,350
Obviously the rates are better with DCU, but Tesla would allow for a longer loan. Total loan interest with Tesla would be $4,557.35, while with DCU it would be $2,793.23. Tesla would require $2,400 less down payment. DCU would save $1,700 in interest rate fees.
Also, if I do DCU, how fast can they get everything ready for delivery day? My current delivery day is set for June 10th 2022.
Never had a car loan before. I plan on putting enough down to get a $600 monthly payment. I do see 2 options:
One is DCU @ 2.74% for 65 months: The down payment would be $14,800
Another one is doing Tesla @ 3.74 for 72 months: The down payment would be $12,350
Obviously the rates are better with DCU, but Tesla would allow for a longer loan. Total loan interest with Tesla would be $4,557.35, while with DCU it would be $2,793.23. Tesla would require $2,400 less down payment. DCU would save $1,700 in interest rate fees.
Also, if I do DCU, how fast can they get everything ready for delivery day? My current delivery day is set for June 10th 2022.