0% APR issue

[tarantula]

IF anyone applies for the new promotion, be aware that the app, which you need to use to apply, does not have the current promotional rate.
It lists the promotional rate at 1%. After multiple back-and-forths with Tesla, I applied for the 1%, and they changed it. However, there was a lot of pressure just to accept the 1% decision and then "we can act". Don't do that. You would accept a completely different contract with binding terms, etc.
My first Tesla, and I was very disappointed by the process.

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[shopaholic]

You need to adjust the down payment to get to 0% APR. Guess around 15K for the CT.

 

[Willinak]

OP, was that for the 60 month term? I first tried 36 month, and it showed 1.9% I think, then I changed it to 60 months at it came up with 0%. Go figure!

 

[tarantula]

OP, was that for the 60 month term? I first tried 36 month, and it showed 1.9% I think, then I changed it to 60 months at it came up with 0%. Go figure!

Yes, 60 months. Is would show the “promotional APR” as 0.9%

You need to adjust the down payment to get to 0% APR. Guess around 15K for the CT.

Even with $20,000 downpayment it only gave me 0.9%. Btw, the terms require 5% only.

 

[Beetlebug62]

IF anyone applies for the new promotion, be aware that the app, which you need to use to apply, does not have the current promotional rate.
It lists the promotional rate at 1%. After multiple back-and-forths with Tesla, I applied for the 1%, and they changed it. However, there was a lot of pressure just to accept the 1% decision and then "we can act". Don't do that. You would accept a completely different contract with binding terms, etc.
My first Tesla, and I was very disappointed by the process.

Maybe they fixed it already, but the website shows no issues that I can see.

If I choose 72 months, then the promo rate changes to 0.99%:

 

[tarantula]

Maybe they fixed it already, but the website shows no issues that I can see.

If I choose 72 months, then the promo rate changes to 0.99%:

It was only the app. You need to apply on the app however.

 

[CyberTruckz]

Not every buyer qualifies for 0%, maybe you did not. I know that I had no problem with the 0% offer, it automatically shows at 60 months with FSD purchased as an option.

 

[tarantula]

Not every buyer qualifies for 0%, maybe you did not. I know that I had no problem with the 0% offer, it automatically shows at 60 months with FSD purchased as an option.

I do and I did. My fico is 848. The app would simply not give the option to apply for 0%. It had to be overridden manually by their finance team. Not sure if it’s a widespread issue but I know of at least one more person going through the same. Just be aware.

 

[axhoaxho]

You need to adjust the down payment to get to 0% APR. Guess around 15K for the CT.

Yes, I think you are correct.

This morning I just got Tesla approved for 0% financing, 60 months, with $15K downpayment. Scheduling for delivery tomorrow.

Fingers crossed.

 

[denniscw]

Not sure what OP is talking about. I just applied today and got 0%.

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