Poll: Which financing are you taking? Tesla/Wells Fargo, Another Bank, Credit Union,

[AprilDelivery??]

I'm taking Tesla/Wells Fargo Leasing Finance.

[K Hall]

Did Bank of America before the Tesla financing was available.

[wts13]

I get that it might make sense in some fringe cases (if in fact your money can earn enough for you to offset the interest), but my family has always believed in paying cash for cars. I don't get the idea of paying more over time. Either you can afford the car, or you can't.

[JohnQ]

I get that it might make sense in some fringe cases (if in fact your money can earn enough for you to offset the interest), but my family has always believed in paying cash for cars. I don't get the idea of paying more over time. Either you can afford the car, or you can't.

With money at 1.49% I can do better with the $80k by investing. From my perspective, makes no sense to pay cash even if you can afford to do so.

[Mnlevin]

PenFed CU still offers 1.79% for up to 60 months. I thought of financing more but just didnt want a ridiculous payment so put 1/2 down to get the numbers realistic. I think I can earn more than that in my investments but again just cannot justify a huge car payment.

[traxila]

Tesla / Wells Fargo financed me at 1.99% for 30 K. I think a total of 1952.00 extra over 60 payments. Prepay anytime with no penalty - but resale guarantee in place. Pretty good stuff overall I think.

[Puyallup Bill]

I get that it might make sense in some fringe cases (if in fact your money can earn enough for you to offset the interest), but my family has always believed in paying cash for cars. I don't get the idea of paying more over time. Either you can afford the car, or you can't.

I haven't financed a car in a very long time, and was going to pay cash, but when I Learned that USAA would give me an auto loan at 1.49%, and PenFed was offering CDs at 1.85%, the temptation was too great.

Dollar wise (not percentage), the loan interest decreases and the CD compounded interest increases.

[jerry33]

PenFed when it was still 1.49.

[Ven Rala]

I just got approved for 1.49% for a loan term of 72 months through Alliant credit union. They offer 100% financing. I can put more money down and do a shorter term, but at 1.49% it doesn't make much financial sense. Why not hold on to your money and invest it. After the way banks have treated customers and the American taxpayer, I don't deal with them unless I absolutely have to. I give my money to credit unions.

Now I just need my Model S. This is going to be a long 4-6 weeks.

[andrewket]

I just got approved for 1.49% for a loan term of 72 months through Alliant credit union. They offer 100% financing. I can put more money down and do a shorter term, but at 1.49% it doesn't make much financial sense. Why not hold on to your money and invest it. After the way banks have treated customers and the American taxpayer, I don't deal with them unless I absolutely have to. I give my money to credit unions.

Now I just need my Model S. This is going to be a long 4-6 weeks.

I just financed with Alliant as well. 100% minus the $5k deposit. Gap insurance was very cheap on a 110k loan.