SoCalGuy
Active Member
Am considering taking Tesla Model 3 private at $61,500. Funding secured.
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Yeah Monday around noon, over the phone. Took about 5mins over all.Cool, did you apply this week?
Also should have added, the original pdf doc that was sent by Allegacy didn't have the rate/term on it, I think they do this by design,I was told of the rate on the phone by the rep. I edited the PDF and added the rate in when sending to LS.
Ahh, ok, that's why you got 2.9. If you had applied last week they would have honored 2.49. DCU is great, been banking with them for over 18 years.Yeah Monday around noon, over the phone. Took about 5mins over all.
That was my experience as well. Throughout the process their customer service people seem to be super nice and helpful. Better than a couple of the local credit unions I've spoken with tbh.//addendum.
So what pops in my email just 5 minutes after getting an email chastising me for sending them an unqualified rate-beat request? An email indicating I should sign in for my new loan terms.
There's my 60 month 2.39 unsecured loan.
So I have to walk back my earlier comments. If you are doing rate-beat you are going to want to call LS. The phone reps seem to be a little less stringent with the requirements then using email.
At this point if I really wanted to play with fire I could try to squeeze a tiny bit more cost out of this loan by seeing what rate Allegacy will do and if it's a tiny bit better than the current terms but I think I might want to quit while I'm ahead.
I have till Sep 19 to complete the loan application and then I believe another 30 days from there to fund it... so I should be all set now for financing.
This is my relieved face.
My experience with Allegacy is that they no longer send out any documentation until you have your final approval. I was basically told in an email that I was pre-approved for their best rates, but they can't tell me what those rates are and won't send me any documentation.//addendum.
So what pops in my email just 5 minutes after getting an email chastising me for sending them an unqualified rate-beat request? An email indicating I should sign in for my new loan terms.
There's my 60 month 2.39 unsecured loan.
So I have to walk back my earlier comments. If you are doing rate-beat you are going to want to call LS. The phone reps seem to be a little less stringent with the requirements then using email.
At this point if I really wanted to play with fire I could try to squeeze a tiny bit more cost out of this loan by seeing what rate Allegacy will do and if it's a tiny bit better than the current terms but I think I might want to quit while I'm ahead.
I have till Sep 19 to complete the loan application and then I believe another 30 days from there to fund it... so I should be all set now for financing.
This is my relieved face.
My experience with Allegacy is that they no longer send out any documentation until you have your final approval. I was basically told in an email that I was pre-approved for their best rates, but they can't tell me what those rates are and won't send me any documentation.
My experience with Allegacy is that they no longer send out any documentation until you have your final approval. I was basically told in an email that I was pre-approved for their best rates, but they can't tell me what those rates are and won't send me any documentation.
My experience with Allegacy is that they no longer send out any documentation until you have your final approval. I was basically told in an email that I was pre-approved for their best rates, but they can't tell me what those rates are and won't send me any documentation.
I'd be ok with either one, I'm just hoping to lock in before the rates go up again. Just to verify - do you have a VIN yet? Or will Everence send you at least a pre-approval form?This loan calculator is handy for me or anyone else comparing rates and terms, especially when you want to do it by month.
Calculators
In a comparison of a 60 month 2.39% loan with a 66 month 2.19% hypothetical rate-beat loan for Allegacy the difference is literally just $19. Not worth my effort at this point but might be worth it for someone who is really focused on a smaller payment.
I'd be ok with either one, I'm just hoping to lock in before the rates go up again. Just to verify - do you have a VIN yet? Or will Everence send you at least a pre-approval form?
Ok, thanks!I don't have a VIN
Everence sent a pre-approval form with the rate and term but only sent it as a Word document and only after I asked.
Allegacy says rate is good for 60 days. Will not have to worry about what the Fed does in September. Gap Plus insurance is $389.00, pays off the car if insurance doesn’t and gives you $1000.00 towards the purchase of your next car. Only catch is the next car has to be financed with them to get the 1k.This loan calculator is handy for me or anyone else comparing rates and terms, especially when you want to do it by month.
Calculators
In a comparison of a 60 month 2.39% loan with a 66 month 2.19% hypothetical rate-beat loan for Allegacy the difference is literally just $19. Not worth my effort at this point but might be worth it for someone who is really focused on a smaller payment.
It must just be me, but LS unsecured loan is really great but also really bad should something happen and you fail to pay off the loan. Downside offsets up in my opinion. Y’all do know and understand what you’re agreeing to right?