Looking for a good interest rate

[donnyb]

So I am waiting for my CT dual motor, which should be here sometime between Jan-Mar 2024 (hopefully). I just sold my Model 3, so my wife and I are sharing a car. My credit score is 800+ and I am putting 75% down, thanks to waiting 4 years and saving. 6.69% for 48/60 months seems pretty high. I checked my credit union and it was close to the same as Tesla. Any recommendations?

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[Mgeer]

Go vote!

 

[DumpsterFire]

Go vote!

Hmm. Didn’t know Jerome Powell was a publicly elected official… ¯\_(ツ)_/¯

 

[SolarWizard]

Not much better available. Thats only about $5k in interest over 4 years which relative to the purchase price is pretty insignificant.
Strongly recommend you use a credit union even its the same though. They understand customer service

 

[Technigogo]

So I am waiting for my CT dual motor, which should be here sometime between Jan-Mar 2024 (hopefully). I just sold my Model 3, so my wife and I are sharing a car. My credit score is 800+ and I am putting 75% down, thanks to waiting 4 years and saving. 6.69% for 48/60 months seems pretty high. I checked my credit union and it was close to the same as Tesla. Any recommendations?

Austin Telco FCU is lowest I have found at 6.64 for 60-72. 48 might be lower.

 

[anionic1]

You should pull the rest as a loan against your 401k so you pay all in cash. That way you are paying the interest back to yourself.

 

[Mrp911]

I saw https://tenet.com/ a while back. It reduced monthly payments by pushing out a portion to the end as a balloon payment. Interest rate seemed to be a little lower. Might be interesting for some. I plan to pay cash next year hopefully for an AWD, FSD model.

 

[Pegatron]

Try USFFCU.
https://www.usffcu.com/auto-loans

most recommended by TeslaMotor Owners Club

 

[donnyb]

The best I have found so far is USSFCU and EECU. Both require membership, but looks like USSFCU is fairly easy to get membership. I am trying to open an account now.

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