After a year+ of planning and researching, I finally pulled the trigger on my Model S order yesterday . I've decided I want to go with financing through Tesla so I can get the buyback guarantee (I don't expect to need it, but I'd really like to have the option just in case). Does anyone have any advice on how to get the best possible interest rate on the loan? This purchase is a non-trivial amount of money for me, so I'm willing to go through a good deal of work and hassle for even a small decrease in loan payments.
I think my best idea so far is to apply for Tesla financing, then apply through Alliant (or USAlliance?) to get a lower rate offer, and then go back to the Tesla financing and try to get them to improve their offer based on Alliant offering a better rate. Does this sound like a good plan, and/or does anyone have any better suggestions?
If it affects anyone's advice, I'd prefer to finance as much of the car as possible for as long as possible (aiming for 10% down and 72 months). I'm normally more of a saver than a spender, so I could actually pay for the car 100% out of pocket if I wanted/needed, but given how low interest rates are these days I'd prefer to take out a loan and keep my money invested in stocks and bonds. That said, since my ultimate goal is to save as much money as possible, I could be flexible on the down payment and term if it meant getting a much better rate
Thanks so much! And apologies if this question has been answered before: I searched around the forum and found lots of general info about different financing options, but couldn't find if anyone had asked this specific question before.