I just picked up my car today.Predation, I see no one is getting back to you here, but did you end up funding your loan with Fedchoice, and if yes, can you share your experience? I assume you received a pre-approval, then final approval? Did you get funds to Tesla in time for your delivery appointment? TIA
I applied for the loan a few weeks ago. It was an instant approval for 75k at 3.99 at 60 months (that’s what I asked for, I imagine I would have been approved fine for more money and a longer term). I wasn’t asked for proof of income or anything like that. But I imagine ymmv based on your credit history, stated income, etc. The rate is locked at that point and good for 60 days. When I got my vin, I uploaded the MVPA. They were able to get everything ready from there. From that point I just waited for the Friday before to tell them to go ahead and send me the final paperwork and wire the funds to Tesla. Everything was electronically signed via DocuSign. They asked me to choose my preferred first payment date (can be upto 90 days from when the funds are dispersed, though it will collect interest in that time) and that was that.
I probably could have gotten away with having the funds wired the same day and avoided a couple days of interest, but I didn’t want to risk any issues.