Auto Loan Questions
Hey everyone, I am going to purchase a Tesla model Y soon. I'd like to finance it (and try to pay it off ASAP due to the booming rates). I've done some research but still left with few questions: 1. I am mainly looking at Credit Unions. Do I actually need to join these CUs in order to get the best rate quote? Joining a bunch of CUs seem like a hassle since I will end up going with 1 anyway. 2. Are the rates negotiable? For BECU, I see as low as 5.99% (!!) for 36 months on their website. Is it nearly impossible to get under 5.99%? 3. What's the best place to look for auto loans right now? USSFCU seems like the best at least based on the advertised numbers on the website. Not sure if there are better places to try out. My credit score is in the upper 700s. Seattle area (for CU recommendations) Thank you! #personalfinance #autoloan #tesla
Just pay with cash
Navy Federal?
It requires association with military to join, right? I don’t have any such associations.
I purchased a model y in April and financed with Tesla directly. The rate I got is 5.49% with TD auto finance.
Ya Tesla is using TD bank I got 6.19 and they offer it for 72 months too
USSFCU makes sense if you have GC (Permanent resident) otherwise you are ineligible. Thanks
I got 5.59% through tesla finance in May. Worth a shot there, not sure rates will decrease any time soon
Ping me for referral, i financed used hybrid car at 4.25 at a local bank in seattle.
OP, what did you end up with ? In similar boat
USSFCU
How much was the interest rate ?
Rates are really bad right now. Rushing to pay off my car now. I’m upper 700s and got close to 8% (preowned)
Which bank / CU?