Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register
  • The final cut of the 9th episode of the Tesla Motors Club Podcast, featuring Chad Schwitters, the former president of Plug In America, is now available. You can watch it now on YouTube or listen to it on all major podcast networks.

California registration and Tesla Financing

Hello Everyone,
I have a few questions regarding vehicle registration and financing, hope someone knowledgeable can clarify.
Disclaimer: I am fairly new to US and recently started working in CA, so not completely acquainted with car buying process.

I order Model S 70 RWD on Aug 22nd, and heard back from Delivery Specialist that the car is already ready for pickup early next week. I didn't expect the turn around to be very quick, and I am currently unprepared with financing and didn't get a chance to convert my NY license (got it when studying) to CA license.
1. Since credit unions (Alliant and DCU) require to open a bank account first and then apply for auto loan, I am skeptical if I can receive the check before delivery early next week. I currently applied for Tesla financing, and haven't heard back yet about the terms (APR, etc.). Will there be any pre-payment penalty in case I prefer to refinance with credit unions later?
2. Can I register the car using my NY license? When I switch to CA license later, do I need to go through any additional paper work - such as re-registration or verification?

Thanks in advance for your help.
 
I'm not sure about 2, but I can answer part of #1.

You can absolutely receive a check before delivery early next week. Opening a checking account is essentially instantaneous (and I can confirm that's the case with Alliant), and if approved, they'll overnight your check. If you move quickly, you could probably have the check Friday.
 

Products we're discussing on TMC...

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


SUPPORT TMC
Top