Has anyone got a loan for 0 down?

[GrandEnigma]

I did $0 down, 75mo @ 4.99% (was forced to do gap insurance for $500). Was going to pay cash, but now that can sit in savings and continue to earn 5%. If rates ever start to drift down again I will just pay it off, but like having the cash for just in case.

https://www.uoficreditunion.org/loans/auto-loans/

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[eousphoros]

I did $0 down, 75mo @ 4.99% (was forced to do gap insurance for $500). Was going to pay cash, but now that can sit in savings and continue to earn 5%. If rates ever start to drift down again I will just pay it off, but like having the cash for just in case.

https://www.uoficreditunion.org/loans/auto-loans/

The only two reasons I took out a loan for mine is this and my last car loan fell off my credit report

 

[CTInProcess]

Also try DCU, they are pretty good with financing Teslas.

Navy Federal tends to be more generous especially if you are Active Duty

 

[Travis64]

Also try DCU, they are pretty good with financing Teslas.

Navy Federal tends to be more generous especially if you are Active Duty

Dcu does low money down ?dont really want to put more then 5k down

 

[countryboy]

I did $0 down, 75mo @ 4.99% (was forced to do gap insurance for $500). Was going to pay cash, but now that can sit in savings and continue to earn 5%. If rates ever start to drift down again I will just pay it off, but like having the cash for just in case.

https://www.uoficreditunion.org/loans/auto-loans/

Did you have to join an organization to become a member? I don't seem to meet qualifications on the site.

 

[GrandEnigma]

Did you have to join an organization to become a member? I don't seem to meet qualifications on the site.

Life hack for you, most university credit unions allow anyone that is a member of the alumni association to join and most alumni associations will happily add you as a member if you make a small donation.

The same goes for almost any association affiliated credit union. This one is also by no means the best rate out there, just one that I was familiar with.

 

[JesseDGreat]

Go with Navy Fed, they will, up to 125%.

Same here. SchoolFirst Federal 125%

 

[GrandEnigma]

Help my ignorance here on the LTV topic, what are the scenarios in which one would finance a car for more than the purchase price of the car aside from wanting to get rid of a car you are under water on (dont see how this helps that though)?

 

[AnthonyJ]

Just pay cash.

 

[JesseDGreat]

Help my ignorance here on the LTV topic, what are the scenarios in which one would finance a car for more than the purchase price of the car aside from wanting to get rid of a car you are under water on (dont see how this helps that though)?

Good question- I think for me I gave them the final cost but I guess its not the final cost until I get the VIN# so I can go upwards to 25% more if the final amount is more. So I incorrectly stated 125% of sticker price

 

[Travis64]

Help my ignorance here on the LTV topic, what are the scenarios in which one would finance a car for more than the purchase price of the car aside from wanting to get rid of a car you are under water on (dont see how this helps that though)?

Probably exactly for the foundation edition adds 20k to msrp

 

[jf64k]

Help my ignorance here on the LTV topic, what are the scenarios in which one would finance a car for more than the purchase price of the car aside from wanting to get rid of a car you are under water on (dont see how this helps that though)?

It’s generally for folks who want to finance any add-ons (extended warranty, etc) along with the car. Also, if they have negative equity, they can roll that into the loan as well.

ETA: If it’s a hot car (Raptor, etc) with Dealer Markup, that can get financed, too.

 

[Travis64]

Has anyone got a loan from tesla with the min 7200 down payment?

 

[Travis64]

Well i just tried my luck and did 7300 down and got approved by tesla!

834 credit score

 

[TwiztOG43]

Well i just tried my luck and did 7300 down and got approved by tesla!

834 credit score

At what interest rate?

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