Best Financing for your Cybertruck

[Davidwesty68]

I wanted to start a thread about the best financing for cyber trucks. Tesla currently offers 6.49 for 72 months. I have excellent credit. I think I can do better than that. Can anyone please list if they found better financing them what Tesla offers, I think this could help a lot of cyber truck buyers with their financing choices.

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[Davidwesty68]

I found a deal on PenFed,
https://www.penfed.org/
5.99% for 60 Months

 

[Ballsamic VINegar]

Downpayment required?

 

[jf64k]

University of Illinois has 4.99% up to 75 months (110% LTV, 730 or higher, 2024 or newer).

Super-easy to join and very friendly staff.

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

If you don't qualify by any listed affiliation, the easiest way to qualify is to join the University of Maryland Alumni Association: Membership | University of Maryland Alumni Association (umd.edu)

 

[Kuiper__Belt]

I wanted to start a thread about the best financing for cyber trucks. Tesla currently offers 6.49 for 72 months. I have excellent credit. I think I can do better than that. Can anyone please list if they found better financing them what Tesla offers, I think this could help a lot of cyber truck buyers with their financing choices.

Navy Federal 72 month 130k @ 4.5% when they ran my credit it was a 775.

 

[CyberT]

I plan on financing through NavyFed. I never served but my sister did, and FYI, the family of those who served can join. I financed my Model 3 here as well back in 2018, and at the time, it was a lower rate than I could find elsewhere.

 

[countryboy]

Half borrowed against your 401k... other half from your other half's 401k... 50k limit each. Paying interest to yourself isn't so bad

 

[Hgamble]

University of Illinois has 4.99% up to 75 months (110% LTV, 730 or higher, 2024 or newer).

Super-easy to join and very friendly staff.

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

If you don't qualify by any listed affiliation, the easiest way to qualify is to join the University of Maryland Alumni Association: Membership | University of Maryland Alumni Association (umd.edu)

Awesome thank you for the recommendation.

This may be a silly question but can I finance with them when I live in California? And can I qualify for membership with an Annual Alumni association membership?

Thanks!

 

[Coagulation]

Half borrowed against your 401k... other half from your other half's 401k... 50k limit each. Paying interest to yourself isn't so bad

Most don’t realize you can do this. You’re paying interest to yourself over time! Kind of cool. But a $50k max.

 

[Ballsamic VINegar]

Awesome thank you for the recommendation.

This may be a silly question but can I finance with them when I live in California? And can I qualify for membership with an Annual Alumni association membership?

Thanks!

Not sure how pretending to be a U of Maryland alumni is gonna help you sign up for a U of Illinois credit union. Lay off the weed, people.

 

[jf64k]

Awesome thank you for the recommendation.

This may be a silly question but can I finance with them when I live in California? And can I qualify for membership with an Annual Alumni association membership?

Thanks!

Yes, they serve all 50 states, no problem.

Not sure how pretending to be a U of Maryland alumni is gonna help you sign up for a U of Illinois credit union. Lay off the weed, people.

It's not pretending, haha!!

ANYONE can join the U of M Alumni Assocation. Membership is open to all.

U of M is the cheapest option on the list:

Who qualifies to be a U of I Community Credit Union member?

Basically anyone.

• Anyone who lives or works in Champaign, Ford, Piatt, Douglas, Vermilion, Coles, Dewitt, Edgar, Iroquois, McLean, Moultrie, and Sangamon counties, IL
• University of Illinois employees at the Urbana/Champaign, UIC and UIS campuses (part time, full time, temporary employees and retirees)
• University of Illinois at Urbana-Champaign students
• University of Illinois Allied Agencies employees (see list)
• University of Illinois Alumni Association members
• Employees or retirees of the following companies:
  • Illinois Bell Telephone Company
  • American Information Technologies (Ameritech), or its affiliated subsidiaries
  • AT&T Information System (ATTIS)
  • AT&T Communications (ATTCOM)
  • Lucent Technologies
  • AT&T Technologies
  • Carle Hospital
  • Urbana Postal
• Any member of the International Brotherhood of Electrical Workers of Local 601, and any Electrical Contractor or employees of any Electrical Contractor under the jurisdiction of the International Brotherhood of Electrical Workers of Local 601.
• Illinois State Agencies with a regional office located in Champaign/Urbana, including cooperating teachers, principals, and administrators of state schools.
• Federal Agencies with a regional office located in Champaign/Urbana
• University of Illinois Research Park and Employees of tenant companies (see list)
• Family members of current UICCU members, including any immediate relatives by blood, marriage, or foster/adoption.
• University of Maryland Alumni Association Members

 

[Ballsamic VINegar]

Which option is it under on the application?

 

[jf64k]

Which option is it under on the application?

Last one, then enter University of Maryland Alumni Association

 

[Ballsamic VINegar]

Last one, then enter University of Maryland Alumni Association

It says employee, not member.

 

[jf64k]

It says employee, not member.

Don't over think it, haha!!

They will reach out to you, and you can clarify if needed.

Again, they are super-easy to work with. They want your buisness!!

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