Best way to get a car loan for Tesla 3

Jan 12, 2019 62 Comments

What’s the best way to get a car loan for a Tesla 3?

The APR is 3.75 on their website. Looking at the best way to get a cheaper rate. Looking to make a bigger downpayment to reduce the loan amount and it doesn’t need to be over 72 months.

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  • I went through my credit union. I got 3.4% over 84 months. My wife didn’t want the Tesla unfortunately so she picked another car but we used the same rate and term.
    Jan 12, 2019 17
    • Pinger / Eng
      create💻

      Go to company page Pinger Eng

       create💻
      @Appm$$/ you can't if you're underwater. Unless you have enough $$ in the bank.
      Jan 13, 2019
    • Intel
      Appm$$/

      Go to company page Intel

      Appm$$/
      Sorry, not sure what you mean. If you owe more than the loan, they will repossess your car. The differential in being underwater isn’t significant enough for them to do much else.
      Jan 13, 2019
  • Oath / Mgmt
    Atinlay

    Go to company page Oath Mgmt

     Atinlay
    Don’t go 72 months. That’s part of your problem. If it takes you 6 years to pay for a car, you can’t afford it.
    Jan 12, 2019 16
  • Amazon / PR
    jefe_bezos

    Go to company page Amazon PR

     jefe_bezos
    I don’t understand the fascination for the 3. Exterior like a Mazda, a Camry interior is much nicer (the Model 3 has the ugliest steering wheel known to man), the same range as a Bolt, the reliability of a Wrangler, and premium repair costs. Oh. Remember conditioning yourself to look down at a speedometer your entire life? Let’s change that up fam and look at the tablet to your right.

    You literally get nothing but the ability to say you own a Tesla as if anyone gives a shit. At least the CLAs look nice.
    Jan 12, 2019 9
  • Proofpoint / Eng
    foodtruckj

    Go to company page Proofpoint Eng

     foodtruckj
    By all means you shouldn't buy a Tesla if you have to think about money to buy one in 1st place.
    Jan 12, 2019 11
    • I’m trying to show you math. Ever heard of it?

      Refute me on financial logic. Show me how at expected rates of return for my $50k it makes more sense to part with it upfront than do the loan.

      I mean JFC I am going to uninstall this app because people are morons.
      Jan 13, 2019
    • Oath / Mgmt
      Atinlay

      Go to company page Oath Mgmt

       Atinlay
      Go ahead, please do! I didn’t call you names! What if you get laid off (Microsoft does that) or your circumstances change in the next 84 months and you’re stuck with a stupid car payment? I bet you’re floating a ton of student loans for some useless degree too! You’re so triggered because you know you’re wrong here.
      Jan 13, 2019
  • New / Eng
    michalumni

    New Eng

     michalumni
    Eh, if you think you can beat 3.75% per year with external investments over 84 months (an index fund should do this for you) — then take the longer loan!
    Jan 12, 2019 0