$35,000 Tesla Model 3 Available Now

Re:$35,000 Tesla Model 3 Available Now by BoorishBears on Thursday February 28, 2019 @07:53PM (#19277017)

The first loaner confirmed they couldn’t even process a new loan while the old one was in limbo. They even put my case in for special review and apparently part of the wait was ensuring the check wasn’t being used.

I even tried going with a different finance company to secure the exact car I wanted (it was an excellent offer I had driven the dealer to) and they came back with a flat no.

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Re:$35,000 Tesla Model 3 Available Now by FireBeyond on Thursday February 28, 2019 @08:03PM (#19277080)

Huh, interesting. My Credit Union was willing to finance a loan for a new vehicle while waiting for any documentation that the existing auto loan was totalled. They just said "Make sure that you have the settlement check to us within 60 days, please", and that I paid off the remaining $1,200 "in a timely manner".

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Re:$35,000 Tesla Model 3 Available Now by BoorishBears on Thursday February 28, 2019 @08:12PM (#19277123)

I’m guessing it’s different in the case where the check has already been cashed and the loan has been secured (ie. they have a title)

In my case they hadn’t secured the loan yet. I doubt they’d be so flexible even if the car had been totaled as I drove it off the lot without the loan being secured.

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Re:$35,000 Tesla Model 3 Available Now by wil421 on Thursday February 28, 2019 @08:08PM (#19277106)

I can confirm the same. Had 16k loan that was being paid by Liberty Mutual due to their driver totalling my car. Check was in flight and my Credit Union processed close to a $30k loan for a new car.

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