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Financing Options for Model S

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Hey all! I'm looking forward to picking up my Model S from the factory next month. I'm going to be financing the purchase with putting 30% down through a credit union.

Does anyone know if you put the 30% down with Tesla or with the credit union?
Also, what methods of payment are acceptable for the down payment for credit unions/banks? I've usually used a credit card for that purpose; however, 30% down is ALOT. I have 3 credit unions i'll be applying through; Alliant, SafeAmerica & Patelco. Can anyone recommend a credit union that can accept a credit card as the method of down payment regardless of the amount instead of wire transfer, cash, check etc..?

Thanks!
 
You will be paying TESLA your 30% and they will not accept a CC. Your credit union will issue a check to TESLA for the out the door price minus your down payment. The credit union check plus down payment will equal your out the door figure.

Congratulations and best of luck!
 
You will be paying TESLA your 30% and they will not accept a CC. Your credit union will issue a check to TESLA for the out the door price minus your down payment. The credit union check plus down payment will equal your out the door figure.

Congratulations and best of luck!

Thanks. Interesting, they don't accept credit? Why do they accept credit as a form of deposit but not down payment?

So the likely method would be wire transfer?
 
I'm sure they don't want to pay the CC fees on such a large amount. They accept it for the deposit for the sake of convenience.

You can pay Tesla either via wire transfer or by electronic debit from your checking account.
 
I'm sure they don't want to pay the CC fees on such a large amount. They accept it for the deposit for the sake of convenience.

You can pay Tesla either via wire transfer or by electronic debit from your checking account.

Exactly. It is a tight percentage game...

Who would you rather have the profit from your purchase? TESLA or the CC company?
 
You have the pay now tab on your dashboard your finance company once your finance company has paid their portion or told you how much they will pay young in and pay your portion. And it's electronic check from your bank account direct to tesla. Or like you said if you know you are putting 30% down you can go in now and put your 30% down via electronic check and then finance the balance.
 
Does anyone know if you can pay with a cashiers check? I'm picking my car up tomorrow and would rather hand them a cashiers check


According to the website, it depends on the state. I suspect that they will do that in states where they are authorized to do direct sales. Since my car was "sold" in New Jersey but delivered in Maryland, I assume that they would not have accepted a cashier's check when I picked it up in Maryland--that would make characterizing the sale as taking place in New Jersey much more difficult.

I'd check with your DS before counting on using a cashier's check.
 
I had a credit union loan check and I just wrote a personal check for the difference at time of delivery. Credit union check was 95%
mine was a crazy last minute thing that I never got the electronic option.
Just ask your delivery specialist.