So you’ve decided that you’re finally ready to buy a Tesla Model 3. Good for you! Welcome to a growing body of users that have purchased, financed or leased a Tesla Model 3 and are enjoying the rides of their lifetimes. You are ready to join an elite club of forward-thinkers prepared to take the future head-on.
This page will see new content being added on a periodic basis, so please bookmark it in case you don’t find what you’re looking for – we’ll get there. To speed things up, simply comment on what you’d like to see on this page with regard to financing a Tesla Model 3 and we’ll try to fast-track it for you. If we’ve made any mistakes, don’t let us hang our heads in shame – tell us about it and we’ll correct it.
Drivers, Get Ready to Start Your Engines (In this case, with an elegant and luxurious silence instead of having to wear ear protectors.)
Who’s Offering Tesla Model 3 Financing?
Banks and Credit Unions, as well as Tesla Lending.
Credit Unions
Xceed Financial Credit Union (Xceed Financial)
By far the lowest APR we’ve seen, as low as 1.75% (36-month term) if you’re eligible for a membership. Here are their rates for new and used automobile loans.
Xceed Financial Membership Eligibility
To avail financing from Xceed FCU, you must be eligible for a membership. Terms below, as taken from the XFCU website on Aug 13, 2018. All links included. Eligibility requirements are fairly wide, and you can even make the cut if your roommate is an Xceed member! That’s how flexible it is. Just make sure you have the documentation to prove it.
Eligibility Criteria
Membership with Xceed Financial Credit Union is extended to employees and retirees of the following companies:
- Conduent
- Realogy
- TE Connectivity
- Tyco
- Wyndham
- Xerox
- Other eligible Select Employee Groups
Members of the following organizations, including their immediate family members are eligible (Please note that membership in the following organizations requires a one-time membership fee.):
- Buffalo Zoo (Join now)
- Friends of the Webster Public Library (Join now)
- Heal The Bay (Join now)
- St. Joseph Catholic Church
- Seneca Park Zoo Society (SPZS)
Members of the following communities are eligible:
- Carrollton, Texas
- Dallas, Texas
- Farmers Branch, Texas
- Greater Rochester, New York
- Irving, Texas
- Lewisville, Texas
- Rosemont, Illinois (Includes greater O’Hare, Rosemont, Elk Grove Village, and Bensenville.)
- San Jose, California
- St. Petersburg, Florida
People with the following relationship with existing Xceed Financial members are eligible:
- Parents
- Brothers/Sisters
- Spouses
- Grandparents
- Roommates
- Children
Once you’re a member, you’re welcome to be a member for life. Even if you change jobs, retire or move, Xceed Financial will continue to be at your service, providing better service and financial products with lower costs and better rates than banks.
Useful Links
Queries – Xperience Center
Initiate a video chat session with an Xperience Center associate from anywhere—your desktop computer, smart phone or tablet!
Monday – Friday
7 a.m. to 4 p.m. Pacific Time
10 a.m. to 7 p.m. Eastern Time
Physical Address (HQ):
Xceed Financial Credit Union
888 North Nash Street
El Segundo, CA 90245
Location Finder | Shared Branches
Digital Federal Credit Union (DCU)
- New and used cars, trucks, and vans at the same low rates
- Great rates and affordable payments
- Borrow up to 120% of price
- Finance up to 84 months
- Save with Plus or Relationship benefits and electronic payment
Membership Information
For eligibility, please check the links below:
- Participating Employers
- Participating Organizations
- Participating Communities
- Participating Condominium Associations
DCU has a convenient loan calculator on this page, where you can check approximate rates and monthly payments based on your FICO credit rating. Sample below:
Their rates are higher than Xceed Financial, but they do have a 0.25% rate reduction on energy efficient cars, so it’s worth checking out.
Contact Information:
Digital Federal Credit Union
220 Donald Lynch Boulevard
Marlborough, MA 01752-9130
800.328.8797 | contact us
Technology Credit Union (TechCU)
TechCU offers loans specific to new Tesla cars including the Model 3. Click on the image below to go directly to their online auto loan application submission page.
Here’s a table of their current rates, with a link to their loan calculator right below it.
Also, here’s a useful calculator they’ve put up for dealer financing versus credit union financing.
Clean Energy Credit Union
Their rates are a little steep, but a little better than some dealer financing rates out there. Of course, that includes a 2% discount for automatic loan payments. And they only offer the 60 month and 72 month terms.
Membership Eligibility
Clean Energy Credit Union’s field of membership consists of:
- Members of the American Solar Energy Society (ASES), a 501(c)(3) non-profit organization (both individuals and organizations);
- Members of the immediate family or household of an ASES member or an existing credit union member; and
- Employees and volunteers of Clean Energy Credit Union.
Contact Information
Postal Mail: CECU, PO Box 4233, Englewood CO 80155, USA
Phone: 720.479.7900
Link to online loan application page
Allegacy Federal Credit Union
Membership Eligibility (Link)
Auto Loan Rates
| Loan Type | Payroll Deduction or Automatic Draft APR* | Non-Payroll Deduction APR* |
|---|---|---|
| *APR = Annual Percentage Rate. A new Auto loan in the amount of $22,750 for 66 months at 2.29%APR will have a monthly payment of $363.15
**Up to 100% of Purchase Price not to exceed 10% over the Manufacturer’s Suggested Retail Price (MSRP). Loan Rates subject to determination of creditworthiness. ***NADA retail value (based on creditworthiness), 90% of List Price if automobile does not appear in NADA Guide. Maximum age of vehicle: 7 years old. Maximum mileage cannot exceed 100,000 miles. Loan Rates subject to determination of creditworthiness. ****Loan Rates subject to determination of creditworthiness. Up to NADA retail value (based on creditworthiness). Maximum age of vehicle: 10 years old. Maximum mileage can exceed 100,000 miles. Maximum length of loan subject to loan amount: $10,000+ up to 5 years; $5,000+ up to 4 years; and less than $5,000 up to 3 years. |
||
| New Vehicle (Term: 1-66 Months)** | as low as 2.29% | as low as 2.79% |
| New Vehicle (Term: 67-75 Months)** | as low as 2.74% | as low as 3.24% |
| New Vehicle (Term: 76-84 Months)** | as low as 3.09% | as low as 3.59% |
| Used Vehicle (Term: 1-48 Months)*** | as low as 2.45% | as low as 2.95% |
| Used Vehicle (Term: 49-60 Months)*** | as low as 2.74% | as low as 3.24% |
| Used Vehicle (Term: 61-66 Months)*** | as low as 2.99% | as low as 3.49% |
| Used Vehicle (Term: 67-72 Months)*** | as low as 3.24% | as low as 3.74% |
| Extended Mileage (Term: 1-48 Months)**** | as low as 4.99% | as low as 5.49% |
| Extended Mileage (Term: 49-60 Months)**** | as low as 5.19% | as low as 5.69% |
Contact Information
Membership Services:
336.774.3400 | 800.782.4670
Monday – Friday: 7:30am – 6pm
Saturday: 9am – 12pm
Alliant Credit Union
Membership Eligibility
- Employees & Retirees of select organizations
- Relatives of existing Alliant members
- Members of select organizations
- Live or work in a Qualifying Community
- Not Eligible? No Problem. Support our partner charity
Contact Information
11545 West Touhy Avenue, Chicago, IL 60666 | 800-328-1935
