Financing?

Dan Detweiler

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#1
Am I reading the Tesla sight correctly? I read that they're offering financing at 72 months at 1.49%. If that is true, it is killing anything any bank or credit union can do here in Georgia (if anyone know of one, please point me in the right direction). Can someone confirm this that has bought a car with Tesla financing recently? I sure hope this is right.

Dan
 

SoFlaModel3

@Teslatunity
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#2
Am I reading the Tesla sight correctly? I read that they're offering financing at 72 months at 1.49%. If that is true, it is killing anything any bank or credit union can do here in Georgia (if anyone know of one, please point me in the right direction). Can someone confirm this that has bought a car with Tesla financing recently? I sure hope this is right.

Dan
Likely a special to help boost sales on S/X.

On Model 3, I believe most are reporting a rate of 2.79% through Tesla.

My local credit union is currently at 2.04%.

Any way you look at it — money is cheap right now!
 

danzgator

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#3
Likely a special to help boost sales on S/X.

On Model 3, I believe most are reporting a rate of 2.79% through Tesla.

My local credit union is currently at 2.04%.

Any way you look at it — money is cheap right now!
What credit union? Mine is at 2.25%.
 

Prodigal Son

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#9
My credit union is 1.99% but only for 36 months. A 72 month loan is around 3.5%. That's why I was shocked when I saw 1.49% for 72 months.

Dan
Tesla is subsidizing the rate for S & X buyers to help drive sales. The banks aren't forgoing interest to be nice, they're just getting the money from someone else.
 

MelindaV

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#10
My credit union is 1.99% but only for 36 months. A 72 month loan is around 3.5%. That's why I was shocked when I saw 1.49% for 72 months.

Dan
my CU has 1.9% also, but on 39 months. BUT they have extra percentage discounts for a few different things (that all I can remember off the top of my head now is autopay and an EV discount) So it would be worth asking if they offer additional discounts on top of the standard rates.