Current Rates
My wife is currently driving a 2016 Jeep Compass, and we’re looking to trade it in for a new 2026 Model 3 because of Tesla’s current 0.99% interest promotion on new cars.
We looked at both new and used options, and with that interest rate, buying new seems to make a lot more sense.
The issue is that the Jeep is currently titled in her father’s name. He lives in Illinois, and we live in Arizona. We need to transfer the title into our name before trading it in, but from what we understand, that could take a few days to process and potentially a few weeks to receive a new paper title.
A few questions:
- Does Tesla require a physical paper title for a trade-in, or does Arizona’s electronic/digital title system work?
- Does anyone know how long this 0.99% promotion is expected to last?
- How often does Tesla run deals like this?
Our sales advisor said there is no hard end date for the promotion and encouraged us to fill out the application ASAP to lock in the rate. The reason we haven’t done that yet is because he wasn’t sure whether we would need the physical paper title, and the rate would only be locked for 30 days. We don’t want to apply, lock the rate, and then not have everything transferred in time.
Has anyone dealt with a similar title/trade-in situation with Tesla, especially involving an out-of-state title?