Looking for approval odds for a new Tesla Model 3. 58k loan amount.
Today's fico 8: 650 EQ, 684 TU, 649 EX.
Current auto loan from Capital One: 30k balance, no lates, 2 years old.
I'm wondering if it makes sense to apply to NFCU vs Tesla's program. I have had a mostly dormant account with NFCU for many years and about a year ago I deposited about $8k and recently withdrew that amount. So, I don't really have a true relationship with them, but I kinda do? lol. Whereas the benefit of applying through Tesla is that I think I read that they get slightly favorable approvals through US Bank.
You're better off applying for your own financing rather than going with Tesla's own. NFCU's new auto rate is pretty good. Im my case, I went with a local credit union and got a 2.49% rate and just brought the check with me on delivery day to pick up my Model 3. Approval odds may be better as well.