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How did you finance your new Tesla?

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Comments

  • #102
    ewj1978
    Registered Users, Registered Users 2 Posts: 1,937 ✭✭✭ewj1978


    Bought my id3 in may 2021 for 38k

    Put 69k/kms on it and traded it in two weeks ago.

    Car is currently for sale for €37900

    As for the PCP v loan route I'm firmly in the PCP corner now.

    Usually Low rates.

    The mileage thing is a myth. That'll only kick in if you hand the car back after 3 years. Youre not right in the head if you ever hand the car back..



  • #103
    eagerv
    Registered Users, Registered Users 2 Posts: 4,571 ✭✭✭eagerv


    https://www.boards.ie/discussion/comment/120121674#Comment_120121674

    Your timing was excellent, doubt they will get that today..



  • #104
    MojoMaker
    Registered Users, Registered Users 2 Posts: 5,166 ✭✭✭MojoMaker


    Hang on...."handing the car back" is exactly what happens when you go again and get another newer deal. That's the bulk of where PCP contracts end up....compared to balloon payments.

    It's the main reason PCP was introduced as a concept!!



  • #105
    ELM327
    Registered Users, Registered Users 2 Posts: 22,842 ✭✭✭✭ELM327


    https://www.boards.ie/discussion/comment/120122053#Comment_120122053

    No, selling the car back is what happens normally. Handing it back is different.



  • #106
    mickdw
    Registered Users, Registered Users 2 Posts: 23,768 ✭✭✭✭mickdw


    https://www.boards.ie/discussion/comment/120122053#Comment_120122053

    Handing it back means walking away. No more payments. No more car. You lose any equity in the car which right now is huge the way prices are and they are also entitled to charge you for miles over agreed figure in that scenario.

    Trading in is different in that you can go to any dealer in the country and get the best price possible for your trade in. They will then settle the outstanding figure with you finance provider. Of course mileage affects price but only as it would trading any car in but you won't be paying a cent per mile penalty.

    This way you get benefit from the equity in your car.



  • #107
    September1
    Registered Users, Registered Users 2 Posts: 1,453 ✭✭✭September1


    Has anyone used credit union? If so, what payment type did you use in Tesla order?



  • #108
    Gumbo
    Moderators, Society & Culture Moderators Posts: 41,225 Mod ✭✭✭✭Gumbo


    https://www.boards.ie/discussion/comment/120737808#Comment_120737808

    CU is your personal loan. You’ll be paying Tesla cash then.



  • #109
    Fingleberries
    Registered Users, Registered Users 2 Posts: 3,397 ✭✭✭Fingleberries


    https://www.boards.ie/discussion/comment/120737808#Comment_120737808

    I used a mixture of CU Loan and savings - on the Tesla site, you just select 'Cash' as payment method and you can transfer the funds to the IBAN they provide (when the time comes)



  • #110
    KrustyBurger
    Registered Users, Registered Users 2 Posts: 221 ✭✭KrustyBurger


    I had savings and the balance of a Revolut loan. 5.9% I think. Painless fast process.



  • #111
    September1
    Registered Users, Registered Users 2 Posts: 1,453 ✭✭✭September1


    @Gumbo @Fingleberries @KrustyBurger Thanks, I changed to cash and now I'm in waiting for delivery state. I hope that Tesla will deliver car as promised.



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  • #112
    Red Silurian
    Registered Users, Registered Users 2 Posts: 11,046 ✭✭✭✭Red Silurian


    If anybody is going for Credit Union loans have a look at their "green" or sometimes called "eco" loan rates. These usually run much lower than a car loan and apply if you buy fully electric cars



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