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California registration and Tesla Financing

Discussion in 'Model S: Ordering, Production, Delivery' started by vammov, Sep 23, 2015.

  1. vammov

    vammov New Member

    Sep 23, 2015
    United States
    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.
  2. Gizmotoy

    Gizmotoy Active Member

    Sep 16, 2013
    Bay Area, CA
    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.
  3. aesculus

    aesculus Still Trying to Figure This All Out

    May 31, 2015
    Northern California
    You register a car with it permanent address (ie where it is housed). This has nothing to do with licensing. Two separate processes. You can have a car registered and not possess a drivers license and vice versa.
  4. Lloyd

    Lloyd Well-Known Member

    Jan 12, 2011
    San Luis Obispo, CA
    CA requries that you obtain a license from CA within two weeks of moving here. I know they are unreasonable, but if you get pulled over with a car registered to CA with a NY license, there may be an extra ticket for you.

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