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Thread: Financing options

  1. #551
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    Jun 2012
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    Miami, Florida
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    FYI, PenFed said the bank draft to purchase the car must be used within 90 days of loan application. If it's not, then the loan is cancelled/erased. So, you can apply without indicating what car and they'll send you a check that you fill in the details (VIN, etc.) on whatever car you purchase. Perfect for many people's Model S purchase.
    Tesla Model S 85 Non-P Grey/Tan/Lacewood Tech Pano Air and Sound VIN #: 3452 (2013) - SOLD 5/2015
    Tesla Model S White 70D - VIN #: TBD (2015) - ON ORDER
    Tesla Model X Sig#139

  2. #552
    Junior Member
    Join Date
    Dec 2013
    Location
    United States
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    Thanks for the info -- In case you have your credit frozen, they only check Equifax. Just became a member online, running into some problems with the online app. Tesla is not listed as a car manufacturer in the dropdown Time to call in!

  3. #553
    Junior Member
    Join Date
    Dec 2013
    Location
    United States
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    24
    Just called in and got auto-approved for $20K loan over the phone. They have to manually add in Tesla Motors as car manufacturer because it's not listed on the website application. I signed up for the credit union in advance online, and filled out the auto loan application as far as I could then saved to my account. When I called in they had all of the info except VIN and Dealer info (My DES said to use Cincinnati, OH address even though we are taking delivery in Indiana). and the phone call took less than 20 minutes. Ask a few 'features' questions, SAS, Nav, Pano Roof, Leather Seats, 3rd Row, mileage, etc.

    It sounds like if you're looking at a 2014 CPO you might be able to get .99% 48 mo today.

  4. #554
    Member
    Join Date
    Jan 2015
    Location
    Charlotte, NC
    Posts
    854
    Quote Originally Posted by bjwModelS View Post
    It sounds like if you're looking at a 2014 CPO you might be able to get .99% 48 mo today.
    Just as a heads up that DCU's rate is competitive as well if you want to go beyond 48 months. Mine is 65 months for 1.49%. I believe USAlliance is 1.24% (though this rate is unadvertised) for up to 72 months. That said, both DCU's and USAlliance's rate requires direct deposit & auto-pay while PenFeds requires neither.
    S85 Classic | Gray | Black Leather | Pano | Tech | Air | 19" | Dual Chargers | Obece Gloss | Carbon Spoiler | VIN P078xx | Delivered: May 2015

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