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Thanks for the heads up Larry, that is really useful info.For those financing through Tesla, keep this in mind: At delivery you will need the names, addresses and phone numbers of three references. One a relative not living with you and 2 others (that can be relatives.) We had to put down relatives for all since we had no addresses for any friends.
Alliant: 1.49% for 72 months. Will finance up to 100%. $300 one time charge for optional gap insurance to cover 100% of the value of the car. Very professional, smooth transaction and very familiar with Tesla Model S. Scott, loan representative has personally financed over 50 vehicles as of a month ago.
For those financing through Tesla, keep this in mind: At delivery you will need the names, addresses and phone numbers of three references. One a relative not living with you and 2 others (that can be relatives.) We had to put down relatives for all since we had no addresses for any friends.
This is interesting. What is the reasoning for this? I have never heard of such a requirement when arranging financing.
Simply put,Might be a dumb question, but is the 3-year guarantee/trade-in only available from Tesla financing, and if so, I'm wondering why more people aren't taking that option, when you consider that 3 years down the road, you can probably switch to a newer MS for no hassle?
Might be a dumb question, but is the 3-year guarantee/trade-in only available from Tesla financing, and if so, I'm wondering why more people aren't taking that option, when you consider that 3 years down the road, you can probably switch to a newer MS for no hassle?
You also need to keep in mind that if you want the residual guarantee (I really expect we will not want a new car after three years given we have driven our current car almost six years) you need to have a clear title to take advantage of that offer. So whether you are not your are able to have this ability, do you really think you will want to sell after three years? I think not based on my one ride in the MS and even if there are things we do not like or even wish were present, I know we will be happy!
We still have 1-2 weeks for our delivery and sold our current car yesterday, but am thoroughly confident in our decision and consider it a long term vs. short term option and really don't care about the guarantted residua personally. We plan on owining the car long term so would rather pay the lower interest.
My question at this point is with money being relatively cheap...would I be better off keeping the loan and investing that 'pay off money' in Tesla stock even with the price hovering just under $100/share.
I get that it might make sense in some fringe cases (if in fact your money can earn enough for you to offset the interest), but my family has always believed in paying cash for cars. I don't get the idea of paying more over time. Either you can afford the car, or you can't.