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Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.


  1. B

    Tesla Financing offer conditionally approved - cannot produce documents they ask for.

    My Wife and I just applied for a loan from Tesla to purchase the Model Y. My wife is the applicant and I am the co-applicant. We just recently got married and I moved in with her family. Our loan is conditionally approved and asking for the Co-applicant's (me) proof of residence. However, I only...
  2. D

    Apr Questions

    Hello this might be a stupid question, but I want to get a Tesla but my credit isn't great. It's in the 685-690 Range, and I know they do a hard pull on your credit too so it'll be lower than that once i reserve the car. My thing is that the Tesla right now is at 5.59% APR. I'm just checking to...
  3. Huncowboy

    3rd party loan process? Tips?

    We have a VIN and an EDD in around 2 weeks from now. I got the loan approved from my credit union at a better rate (3.08%) than the current 4.49% for 60 months by Tesla. So I am going with them. Knowing how things go with Tesla, I figured I would ask. What hiccups to expect when you bring your...
  4. J

    Took Delivery then Loan Check was cancelled

    I took delivery of my Model 3 a month ago and was approved for a loan from my credit union greater than the final purchase price (including trade-in credit). Basically I was approved for up to $43,500 and the final vehicle price (including trade in credit) ended up around $39,500. At my delivery...
  5. M

    Insurance and financing

    Hey folks, My EDD is narrowing and approaching soon. I wanted to see what bank and insurance company are people, especially Bay Area folks, using for their model X. TIA!
  6. calikid

    Model S Plaid Lease Question (technical)

    I have a 2021 Plaid with 12k miles. Has FSD and enrolled in beta and all options. I paid 137k and the same vehicle now is in the 150k’s. My Plaid is a lease. I’ve paid on it a year and I owe 112k. I was offered from a Ford dealership today 128k to buy it. I had the rear qtr panel replaced...
  7. M

    Tesla Model Y Financing and Lease Questions

    Hi folks, So I have delivery coming for a model y next week. I have been waiting for this since 09/2021. I have been in a dilemma on financing my model y due to some religious issue. Long story short, I can’t take a loan with any interest involved. I can however pay higher purchase price(I.e...
  8. Hiline

    Auto loan lenders that lock in rates for longer than 30 days?

    Hey all, My Model 3 is slated to be delivered sometime this summer, and rates are rising very fast, so I'd like to lock in current rates for a few months. Do you know what banks or credit unions are willing to lock in rates this far out? Most of them only do 30 days. Even 60 days would help.
  9. A

    First loan payment not due until 30 days after delivery?

    Is this true? I've been trying to get a hold of my bank guy for a week or more and he's either not answering the phone or out of the office. I managed to get him the info and he said he would pull my credit and get back to me on rates. That was last Friday... My delivery is this Saturday and...
  10. 200 OK

    Troubles financing with Tesla's preferred third-party lender (SFCU)

    It is now less than a week from my scheduled delivery appointment, and I just found out that my approved auto loan is in limbo. When I initially ordered my Model Y, I went with the Tesla Lending option and one of their partners (JPMorgan Chase) approved my loan shortly after I filled out the...
  11. S

    Will reapplying for financing through Tesla change EDD?

    I ordered a MYLR on 10/28/21 and financed through Tesla. EDD bounced around a bit but settled on Mar 14-Apr 17. Then my loan approval lapsed and asked me to reapply. Now my EDD is TBD. Anyone know if you have to reapply for financing through Tesla if you lose you place in line?
  12. M

    Financing options.

    I am looking to finance my Tesla. Looking for a great rate. I appreciate any information.
  13. A

    Finishing up college, question about financing

    I have an offer signed for a job, but don't start obviously until May next year after I graduate. It's a great salary, and I don't want to move quite yet so I'll commute from home. This is 180 miles round trip, hence why I am seriously wanting to purchase a Model 3 LR (for self-driving highway...
  14. S

    When can I add Co-signer to Model Y Order?

    Hi Guys, I just got approved for a Tesla partnered loan. When I submitted the super easy application I noticed there was no option to add a cosigner. Is that something I add later in the process? My EDD is December 07 - January 07 (2021 - 2022). Thanks!
  15. bravadomizzou

    Financing Chase Loan App

    I did financing through Tesla (JPMorgan Chase NA). I am picking up Model Y tomorrow and wanting to know where I will be making payments. I already have a couple credit cards through Chase and wondering if the new account will just show up in the app (or some other app, or snail mail....) and how...
  16. E

    Purchase Agreement / Bill of Sale signature??

    Hey all, Quick question, I'm financing my Model 3 through a credit union and I've submitted all the required documents. I just got off the phone with the Credit Union they stated that the purchase agreement that I downloaded from my tesla account did not have a signature. I informed her that the...
  17. J

    Enter Payment Information

    We have a MY RWD reservation and it is allowing us to put our payment information in now. Since there are now RWD produced I'm assuming this doesn't mean too much. But, as this is our first Tesla, I'm a little unsure on the process. We have decided yet if we will trade our current car in to...
  18. W

    Financing - First Loan

    I'm looking to finance a Model X. This will be my first time ever getting a loan as I usually pay in full for my other vehicles. Is it an easy process? My score is around 750 right now, so I'm not sure how likely I am to even get approved since it will also be my first loan. I'm planning on...
  19. V

    Financing a Model 3

    Hi! I'm a 21 year old from Sydney and have been wanting to buy a Model 3 for a while now- I had the idea a few months ago to purchase one via financing through Tesla, and rent it out via websites such as evee.com to cover the costs of financing it. I was mainly looking for advice from people who...
  20. N

    How does Tesla handle getting payment from a third party lender?

    Hi there! Long time Tesla fan, first time buyer and poster here. I am supposed to pick up my Model Y Performance in SF tomorrow and have the down payment in my bank account, ready to pull the trigger. I've been approved for a loan from a credit union (they offered a great rate) and they said...
  21. M

    When to apply for financing?

    Ordered model Y AWD on 7/16. Delivery estimate was 4-8 weeks at the time. When should I apply for the financing through Tesla website? I don’t want to have to reapply if delivery gets delayed and take a second hit in my credit report... Also, anybody in Texas who can share some tips for...
  22. Sebat4

    Financing agreement disappeared

    Have this happened to anyone before? Yesterday I was checking my account and everything was fine, my financing agreement was there and I could see the down payment. Today when I checked my account the info disappeared and it says that I have to pay the full price and my agreement info was...
  23. friday80s

    Financing limitations on a solar glass roof for new construction

    I'm in the early planning stages of a house rebuild and we're considering a solar glass roof right from the get go. Our objective is to cover the cost of construction through a construction-to-permanent loan, where when the construction is done, this loan rolls over into a traditional mortgage...
  24. A

    Low VIN and financing question

    I have a MSM, PUP, no FSD or hitch on order for delivery in Richmond, VA and VIN showed up with my MVPA this AM and it's 14**. I know Tesla doesn't do sequential VINs but I didn't realize they were THAT non-sequential. I'll be curious to see build date. Ordered 6/21. Also, has anyone switched...
  25. alphapenguin

    Reapply for financing with rate cut?

    I just got my financing approved through Tesla /Wamu 2 weeks ago for like 3.24% or something. Now the fed cut the interests rates, how long do you think it will take for the auto rates to deck, and I wonder is it worth it to reapply again (I’d take another credit score hit).
  26. Spacep0d

    What happens after $100 deposit?

    Hello there Tesla owners and fans! I want to reserve a Tesla Model 3 Long Range (white). I know there's a $100 non-refundable deposit and a 7-10 week lead time as Tesla focuses on international orders. Here are some questions you may be able to answer; 1. What happens after I make my deposit...
  27. M

    How to pay Tesla’s loan?

    I got my new car last month but am confused about how to do the monthly payments to Tesla/loan bank? No information to me so far. Anyone here got experience? Thanks.
  28. T

    Basic Financing question

    So I just got my pre-approval from my credit union. They are asking for a copy of the signed sales contract and window sticker. Now how do I go about getting that prior to delivery? Does Tesla need both checks on delivery day or just my personal check to cover the remainder followed by the...
  29. I

    Noob financing question

    First, thank you all for the information I've read in this forum. It's helped me make the decision to order a Midnight Gray SR+ a few days ago. I have a financing question. Is the Tesla loan rate variable? The order screen is showing 3.99%, but I've seen some talking about rates closer 3.25%...
  30. M

    trouble with Tesla finance

    Hey guys, My finance has been approved for about a month (never got any notification or anything until I asked my sales adviser). I had no trouble for any of the process next to that i'm basically begging them to sell me the car since it seem like no one even cared to update any information for...
  31. bewilderman

    2019 Model X Raven: Lease or Finance?!

    Hey guys. Trying to decide between leasing vs. financing for the Raven X I have on order. I am leaning towards financing for the following reason. 2019 Model X Raven, Long Range, Midnight Silver, black Interior, 7 seater, FSD. MSRP: 96,690 (inclusive of Destination and Documentation) LEASE...
  32. D

    Financing with Wells Fargo

    Why in the world would Tesla choose a bank that has been indicted for fraud and stealing from their customers. I have already run into issues where I request larger chunks of payment be paid towards my principal and spoken directly to customer service only to find that they lie to me and apply...
  33. P

    Tesla financing at the first day at the job.

    Hi, I'm getting Software Developer job, this is my first week, first job in US. Can I get financing for Tesla Model X, 3? Thanks
  34. A

    When does the "Amount Due" in "Pricing Details" become final?

    Hi all, Placed my order for a SR+ a few days ago and filled out / uploaded all the info in the "Prepare for Delivery" section. Got approved for a loan and can see my estimated monthly payments as well as the "Amount Due" at the bottom of the pricing details. My question is: is that "Amount...
  35. Spacep0d

    Questions; Financing, Trade-ins, etc.

    Hi there Teslarati! I'm the owner of a 2018 LEAF S, but the Tesla Model 3 is what made me fall in love with EVs. I test drove a long-rage AWD model from Turo and was blown away by how spaceship quiet and fast it is, and I love its minimalist design and great looks (whilst still being...
  36. J

    Ordering and Negative Equity

    Hello! I’m seriously considering ordering a M3P. I currently own a Golf R but have some negative equity. Does Tesla do trade in’s and do they allow you to roll over negative equity? Also, I live in a condo with no charge ports anywhere. Is it ok to use solely Supercharger network, atleast...
  37. J3ThePainless

    Trying to by can't find financing

    Hello everyone, I have placed my order for the new stander range plus earlier today but am having issues finding a financial institution who will finance a Tesla. I am a resident of Connecticut so the nearest delivery center is in NY and Tesla does not offer to finance in this state. I have...
  38. hmmm

    CPO financing questions

    I've reached out to Tesla with the questions below over a week ago. I'm still waiting for an answer however, so I'm hoping someone can help: 1- Does Tesla care about a co-signer when making a financing decision, ie does a co-signer help? 2- Has anyone qualified on assets rather than Income...
  39. Mata Hari

    Trade In?

    I see Tesla offers to take trade ins. Has anyone done this? What was your experience? Did they give a fair market value?
  40. Zorak03

    Is Tesla Financing more difficult than most?

    It seems I have been seeing a lot of threads about people being denied financing, even with good credit and offering to put down a 20K+ down payment. Has anyone had any problems? My situation may be a little unique. I have been living abroad for the last 12 years so my US credit report is rather...
  41. D

    Financing through Tesla?

    Is it worth it? I can get the following terms through my credit union. Do they offer better terms through financing arranged by Tesla? 2.49% 36 mos $500 - $100,000 $721.42 3.24% 48 mos $7,500 - $100,000 $556.01 3.49% 60 mos $10,000 - $100,000 $454.68 3.74% 72 mos $15,000 - $100,000 $388.17...
  42. S

    Financial problem still not resolved

    So as much as I didn’t want to have to write this, I just don’t know what else to do. I took delivery of my car on 11/2 and when I took delivery I had a pre- approval loan check I had to fill out with all the information as far as how much I pay. Well when Tesla delivery at Mount Kisco, NY did...
  43. T

    Tesla loan comparison spreadsheet - auto updates hourly

    Hi everyone, This community has helped me tremendously on my Model 3 ownership journey and I thought I'd give back with this spreadsheet. This spreadsheet pulls rates directly from the credit union's website hourly, so you're always getting the latest rates, because as you know, they change...
  44. Remonster

    Money Question - Purchase Day Gut Punch

    Fortunately I'm not looking for a good place to get a loan, but I do have some questions about financing provided through Tesla. My Model 3 order is coming up faster than I expected and I'm trying to figure out how much money I'll need to extract from my hours of saved paid slave labor time (/s)...
  45. J

    Credit unions in central Ohio?

    Hello, new member and near-future Tesla owner here. Does anyone have any recommendations for credit unions in the Columbus OH area? I know about Alliant, but having trouble finding anything local. thanks!
  46. D

    New Jersey TM3 Owners, where did you finance?

    I'm currently trying to see all the options, so far i called Alliant and they gave me a 3.74% APR for 48k which i found to be a bit to much. Anyone in NJ had better luck?
  47. galbrecht7

    Delivery Fee

    I received my VIN earlier this week (before the policy change removing the VINs). While going through the process of getting loan terms through Tesla Finance, I noticed something in the final price of the car. On my Tesla account page, it lists my price as $55,000 which is accurate. Base price...
  48. B


    I want to thank Manuel De La Torre for my loan at FPCU. I would definitely suggest anyone who is looking for a good interest rate to call FPCU. Although there is no rate lock until the final contract from Tesla, it worked out great in my instance as I still was able to get 2.24% after I sent the...
  49. mwu

    Changing down payment

    Down payment in the loan application is selected as a percentage, but I was bone-headed and forgot that I had already put down when reserving and ordering the car, so the down payment is calculated as the amount of the car minus $3,500 times the percentage selected. As a result, the down payment...
  50. S

    Legal owner as Credit Union on Loan?

    FPCU sent loan documents to sign where registered owner is me but the legal owner is FPCU. however, nowhere through the doc (that i can find) does it say they're going to remove themselves as legal owner once loan balance is satisfied. has anyone dealt with this? i cant imagine this not being a...

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