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Credit bureau used for Tesla financing
- Thread starter idco
- Start date
Can concur. Sometimes only one is needed. It really depends on who gets your app and accepts/does the pull first. I got a hard pull on 2 of the 3. I think it is cause they send one app at a time or something and go down the list. Or, just all of the banks only pulled from the same 2. I have no way of knowing. But, I find it interesting hard pulls do not show up for all of the banks, so I wonder if they go down the list and stop when someone approves you.
just FYI, they work with multiple lenders and you don't have the option of selecting a specific lender on the Tesla application, so you don't know which specific bureau the lender selected for you will use. I temporarily unfroze all three credit bureaus for a few days just prior to applying for credit and everything worked fine. I ended up with JPMC. I really like the direct sales model Tesla has. I always dreaded working with the financing department of every single dealership I worked with in the past, such an easy and transparent process with Tesla, no games, no slimy finance people to deal with.
Jeremy3292
Active Member
I can tell you nobody pulls Trans Union for anything unless you’re getting a mortgage lol. I originally got US Bank through Tesla and they pulled Equifax. I asked them to switch to Chase for me and they pulled Equifax only also. I also got an approval from Bank of America so I colid get a rate match through Tesla and they pulled Experian.
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robeeen
Member
Navy Federal just pulled Trans Union for my auto loan and not the others bureaus.
Yeah, navy federal pulled trans union for my recent model Y purchase too. I only know because of the disclosure they mail you after the application. For me, Trans Union has always been the lowest of my 3 scores. It doesnt matter much to me because all of them are over 800, but my trans union is like 809, and the other two this month are 830-840.
Navy federal isnt "Tesla" though, which is what this thread was originally asking. For credit freeze purposes, its best to temporarily unlock all 3 right before you apply, for a few days.
robeeen
Member
I know it’s not tesla. I was responding to the remark that said nobody uses trans union unless it’s a mortgage.
Jeremy3292
Active Member
'Twas a bit of a hyperbole on my part, since I have had a few auto loans and numerous credit cards and no one has pulled it except for my mortgage.
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