I have been concerned about this too, since I will most likely not get delivery until late January, by my best guess. My CU is running a 1.99% promotional rate this month, and they aren't sure if they will extend it into the future. We made an appointment anyway for the last week of this month just in case they don't extend the offer. The loan commitment is only for 60 days, normally, but they have said that it is not unusual to ask for another 30 day extension of the commitment to shop longer for your car. It is possible that still won't be enough time for us to actually receive the car, but worth taking a chance on a great rate. My fallback is paying cash or using my current home equity credit line, which is at 3-3/4% and bound to go up, as it is adjustable and rates are on the floor right now. There is always a possibility we will lease, depending on the final battery warranty/cost details and the final lease costs TBD in Dec. This is the only kind of car I would ever consider leasing, since there is no tax advantage for me. The unknown factors regarding such a "new tech" vehicle and possible advances in the technology in the next 3 years make paying for the "insurance" of a lease more attractive. Whether that insurance is worth $2-3K is something I will have to decide when all the facts are on the table.malloryk said:
