Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

Confused about MVPA

Hi all, need advice here because my loaning 3rd party bank and tesla are bouncing me back and forth with cryptic instructions.

As stated above, I'm going to be taking a loan from my bank for my tesla, and I don't know how much yet. I want to know how it'll affect my monthly payment before deciding on a firm loan amount. The bank did approve me for the amount I asked for but they said that I need to figure out how much I'm going to finance and get the MVPA.

When and how do I get this MVPA without a financial discussion with Tesla? When I call Tesla, they tell me I'm supposed to hash out the finances with my bank, which I think they're misunderstanding. My understanding of the MVPA was that it includes the final amount that I'll be financing and paying down as well.. Shouldn't I discuss this with some entity to figure out how much my monthly payment would be?..and if I'm' supposed to talk to Tesla about it, how would they provide me with this information if they don't even know the rate that I got from my third party bank?

My delivery date is about 3 weeks away so apparently I'm not supposed to get my MVPA yet, but I'd like to know what I'm supposed to be expecting. Thanks so much.
 

thecavalry

Member
Aug 27, 2021
198
251
Utah
Hi all, need advice here because my loaning 3rd party bank and tesla are bouncing me back and forth with cryptic instructions.

As stated above, I'm going to be taking a loan from my bank for my tesla, and I don't know how much yet. I want to know how it'll affect my monthly payment before deciding on a firm loan amount. The bank did approve me for the amount I asked for but they said that I need to figure out how much I'm going to finance and get the MVPA.

When and how do I get this MVPA without a financial discussion with Tesla? When I call Tesla, they tell me I'm supposed to hash out the finances with my bank, which I think they're misunderstanding. My understanding of the MVPA was that it includes the final amount that I'll be financing and paying down as well.. Shouldn't I discuss this with some entity to figure out how much my monthly payment would be?..and if I'm' supposed to talk to Tesla about it, how would they provide me with this information if they don't even know the rate that I got from my third party bank?

My delivery date is about 3 weeks away so apparently I'm not supposed to get my MVPA yet, but I'd like to know what I'm supposed to be expecting. Thanks so much.
You will get an mvpa when your car is ready to be purchased, a VIN is assigned, and payment is asked for by Tesla. No sooner. Do not arrange financing until you have a VIN from Tesla. You risk a credit hit when your car could be delayed beyond the time your loan approval is good for, needing multiple credit pulls.
 
  • Like
Reactions: ElectricAnt54

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