I searched and couldn't find the answer for my question.
I applied for financing at my credit union and on the application it asked for the amount of the car. never asked anything about the down payment. They told me to pay the down payment to tesla directly which is fine. I wasn't really sure what amount to put on the loan application so I just put $69,000 expecting the car with tax, which is added in to the car price in Illinois, to be about $75,000 give or take. I was planning on putting 8k-10k down. but I put 69,000 in loan app not wanting to come up short. What exactly happens when I get a vin. Will I have the opportunity to tell credit union what Im putting down and they write check for the rest? or are they going to pay the 69k I put on application and Tesla will tell me the difference I owe as down payment? Thank for any info.
I applied for financing at my credit union and on the application it asked for the amount of the car. never asked anything about the down payment. They told me to pay the down payment to tesla directly which is fine. I wasn't really sure what amount to put on the loan application so I just put $69,000 expecting the car with tax, which is added in to the car price in Illinois, to be about $75,000 give or take. I was planning on putting 8k-10k down. but I put 69,000 in loan app not wanting to come up short. What exactly happens when I get a vin. Will I have the opportunity to tell credit union what Im putting down and they write check for the rest? or are they going to pay the 69k I put on application and Tesla will tell me the difference I owe as down payment? Thank for any info.