Credit Card Center Advertiser Disclosure

Reply
Valued Contributor
Posts: 1,602
Registered: ‎12-16-2014
0 Kudos

Re: Should I buy this car I love?

Tesla has a finance deal with Wells Fargo for the Model S and X, I assume they will continue to do the same for the 3 but of course you don't have to use the capitve lender. Penfed and DCU have the lowest interest rates around the vast majority of the time so it would be good to join one of both of them so you have plenty of options.  I financed my M2 for 2.75% over 72 months with scores around 680 so a good rate is pretty easy to achieve right now.  There are some analysts who say lending for cars will tighten up but I think that is for subprime so as long as you can get in the upper 600's or higher you should be good.  Also remember that the 35k promise from Tesla is for the absolute base car,  I would keep your budget open for some options because that 35k car may or may not have all that you want.  

Gardening till 2018, Goal of 700's by the end of 2017
MyFico Scores Aug 2017: EQ 675 TU 695 EXP 698
Highlighted
Established Contributor
Posts: 606
Registered: ‎08-07-2011
0 Kudos

Re: Should I buy this car I love?

Good luck. I have a deposit down on a 3 but plan on entering a lease soon on a different car. Considering that the base is 35K I planned on spending about 60K all in. A friend drives an S and he loves it. But I'm in the market for a car a bit sooner than the 3 will be available to me (whenever that is).

 

Anyway, I hope you get the car you want, when you want it, at the price you want Smiley Happy

More than enough credit. --- As of 7/19/16, gardening for a very long time ---

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.