Auto Loan Interest Rates - Share What You’ve Found 🏦

[Ezman]

Awesome! Congrats. I've yet to see one

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[Travis64]

USAA has 6.94 for 84 mo.

6.99 now ….did you use them ?do they allow 0 down?

 

[Gurule92]

6.99 now ….did you use them ?do they allow 0 down?

I didn't get a Cybertruck yet but I did use them for my model X. Different though cause it was used.

I think they can do 0 down though. I want to say I did that for my model 3 back in the day.

 

[easytravelman]

Back during the Model 3 ramp up I followed a few threads about loan companies and rates people were getting to help decide where to apply.

I didn’t see any threads like that started yet so I figured I’d start one.

I just locked in 5.29% over 72 months through NavyFederal Credit Union ($100k financed)

What’s everyone else seeing?

Hello All: My action plan is to pay cash. Then refi for the best rate at one of the credit unions and then take the funds and buy Solano and BTC with this latest pullback. If I am correct the outperformance of these two will more than cover my payment.

 

[Scoundrel]

USSFCU.org took one day for approval. It did take a bit longer to establish account as we have DL from different states.

Financed 100% 5.24 60 months.

I'm also using USSFCU.
Did you have them FedEX the check directly to Tesla?

 

[jf64k]

University of Illinois CU has 4.99% up to 75 months (730 or higher). 110% LTV max.

Super easy to join and very friendly staff.

Auto Loans - U of I Community Credit Union (uoficreditunion.org)

 

[OUTLAW]

University of Illinois CU has 4.99% up to 75 months (730 or higher). 110% LTV max.

Super easy to join and very friendly staff.

Auto Loans - U of I Community Credit Union (uoficreditunion.org)

Not according to their site. It shows 6.25% @72

 

[jf64k]

Not according to their site. It shows 6.25% @72

I see 4.99?

 

[OUTLAW]

I see 4.99?

I see 4.99?

Not at 72 like you describe. Just trying to save people sometime.

 

[jf64k]

Not at 72 like you describe. Just trying to save people sometime.

I've confirmed with them that the 4.99% is good up to 75 months (2020 or newer, 730 or higher, 110% LTV max). It's a special promotion they're running (and have been running since at least the beginning of March).

If you're on the Rate Page, click on the "Special Promotions" link below the rate table. It takes you to the 4.99% page.

ETA: And they rate lock for 60 days

 

[OUTLAW]

 

[CyberNickOH]

5.7% -ish for 72 months is what I was quoted at my bank. Regional, Huntington. I do have to do a refi after I get my Tesla backed loan. Did the same thing on my Bronco last fall, ended up with no payment for about the first 3 months.

 

[jf64k]

Right...now click on the "View current promotions" link at the bottom (next to the "Promotional rates may vary than the rates shown above" text)

 

[Outdoors]

I'm also using USSFCU.
Did you have them FedEX the check directly to Tesla?

Yes they do Fedex the check. It was applied to my account the next day. I took delivery two days later. All shows right on the app. I took a copy of the check and fedex to delivery on phone, but not needed. They had me sign two pieces of paper and said have a nice day.

USSFCU said thats the way we do it. Had no problem, and hundreds of Tesla loans. Easy to deal with. I like to maintain credit, as car loans and credit cards are all I have. Will pay off in one year.

 

[pricedm]

I used USSFCU 9/2023. They sent the check to my home address FedEx. I took it to Tesla delivery center a few days after I took delivery.

Very competitive rates. Took about 2 weeks to go from not a member to loan approved.

Up to 36 months Maximum: $150,000 As low as 4.74%
Up to 48 months Maximum: $150,000 As low as 4.99%
Up to 60 months Maximum: $150,000 As low as 5.24%

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