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Hard inquiries for Tesla financing?

Discussion in 'Model 3' started by ChrisH, Aug 9, 2018.

  1. ChrisH

    ChrisH Active Member

    Joined:
    Jun 4, 2013
    Messages:
    1,126
    Location:
    Milton, wa
    hello all.

    Has anyone gone through Tesla for financing? Their financial document says they could shop for a loan from about 8 banks/credit unions.

    My question is, will I get 8 hard inquiries on my credit report at once because of this?

    Thanks
     
  2. kengchang

    kengchang Member

    Joined:
    Jul 17, 2017
    Messages:
    843
    Location:
    Los Angeles
    One pull
     
    • Informative x 1
  3. Megapsychotron

    Joined:
    Aug 1, 2018
    Messages:
    35
    Location:
    bakersfield
    In my case, Tesla offered US Bank loan at something like 3.3%. I was financing half of the car for 48 months. I went with Logic FCU. 2.74%
     
  4. ChrisH

    ChrisH Active Member

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    Jun 4, 2013
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    Location:
    Milton, wa
    Thanks. How long ago was this?
     
  5. fabianluque

    fabianluque New Member

    Joined:
    Jul 24, 2018
    Messages:
    2
    Location:
    Summit, NJ
    I did it like a month ago. I got several inquiries in my report pretty close to each other, I guess it was 4 of them. Went with Wells Fargo.
     
  6. lee619

    lee619 Member

    Joined:
    Jun 2, 2018
    Messages:
    55
    Location:
    San Diego
    Even if it's 8 pulls, credit breaus will count it as 1 pull if they are all within 1-2 weeks. They know that people shop around for car loans and require multiple pulls when they do.
     
    • Informative x 1

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