I got the 1.2 % from USAA for the Rav 4 EV. Great Deal!!
Edit: this is for 36 months
Edit: this is for 36 months
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So PenFed told me that they are not financing any electric cars - including Tesla. Are there magic words I need to say or specific contacts there that may help?
I'll try that. You actually got the check?
Nope. They'll not cut it till there's a VIN - I'm a couple of months atleast from that.
How do i get the ticker for delivery at the bottom of my post? Sorry for the question lol im new here.
Got the approval for the loan from PenFed a couple of days ago for 1.49% for 60 months. I was able to give them the pre-delivery MVPA and indicated the amount I wanted to finance. They simply need the VIN number now for disbursal. The loan's locked in for 90 days so, hopefully, I'll get my delivery notification sometime in November/early December.
It was a smooth process, all done online and by email.
I'm seeing 1.45% at USAA right now until mid Oct. That may be just for a 24 or 48 month loan I guess, but I haven't checked. Glad to hear the process was so easy though. Did you send the Dealer Electronic Check along with a personal/bank check or just do the entire amount on the loan? I have the cash for the majority, but will need a USAA loan for about 1/4 of the cost.I went with USAA. They are offering 2.49% for 60 months, 2.99% for 72 months for new auto loans over $35k. You get .25% knocked off if you set up auto-pay from your USAA account. Filled out the application on-line, printed, signed and faxed back pre-closing docs, then finalized and got a Dealer Electronic Check PDF that I was able to send to Tesla. Tesla fills that out and sends it back to USAA with the purchase agreement to get the money. Pretty straightforward and no human interaction required on the bank side. I did have to check the "I don't know what car I'm buying" box because Tesla wasn't in the drop down list.
I had the same experience. I am just awaiting the VIN from Tesla for disbursal. Very impressed with PenFed.
I had the same experience. I am just awaiting the VIN from Tesla for disbursal. Very impressed with PenFed.
That's odd, PenFed sent me a packet with the promissory note and a check (made out to Tesla) before I had the VIN. Looks like I just sign the paperwork, add the VIN, hand the check over, then send a copy of the registration (with the lien) within 90 days. I've honestly been shocked with how easy it's been**.
** Knock on wood, hopefully they don't move the decimal point or something.
Got a check.
One glitch. The paperwork has the right VIN but they think it is a Roadster 2.5.
I'm going to wait until after the check clears to clear that up. :wink:
Now all I need is a car to pay for.....
That's odd, PenFed sent me a packet with the promissory note and a check (made out to Tesla) before I had the VIN. Looks like I just sign the paperwork, add the VIN, hand the check over, then send a copy of the registration (with the lien) within 90 days. I've honestly been shocked with how easy it's been**.
** Knock on wood, hopefully they don't move the decimal point or something.
PenFed told me I'm approved, but they need a copy of the "Final" MVPA, before they can disburse the funds. Did they request a Final MVPA from you before they sent the check? I don't see how a final MVPA can be generated without the VIN...