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How does payment of Tesla Financing work?

jarvis2323

Member
May 14, 2021
22
35
SoCal
I couldn't find details after searching, but basically I took delivery of my M3 LR on 6/29. Now i'm interested in how payments of Tesla Finance works? Is this through my Tesla account or will I be interacting directly with Chase? How long should I expect to wait until I hear from someone, as I don't want to miss getting my first payment in on time.
 

snikt

Member
May 14, 2021
250
359
Denver, CO
I couldn't find details after searching, but basically I took delivery of my M3 LR on 6/29. Now i'm interested in how payments of Tesla Finance works? Is this through my Tesla account or will I be interacting directly with Chase? How long should I expect to wait until I hear from someone, as I don't want to miss getting my first payment in on time.

It's through the bank, Tesla has nothing to do with it after that. I just took delivery and have already received several e-mails and info from Wells Fargo
 

Sal_berris

New Member
Jul 2, 2021
2
0
New Jersey
Did you pay your downpayment already? I haven't gotten any communication on when it needs to be paid and what methods are available to pay (certified check, credit card, etc).
 

Pregame

Member
Jun 28, 2021
13
22
Los Angeles, CA
Did you pay your downpayment already? I haven't gotten any communication on when it needs to be paid and what methods are available to pay (certified check, credit card, etc).
I was given the option to pay the downpayment once a delivery date was set (which they then removed after I paid haa..)
 

jarvis2323

Member
May 14, 2021
22
35
SoCal
Did you pay your downpayment already? I haven't gotten any communication on when it needs to be paid and what methods are available to pay (certified check, credit card, etc).
I paid my down payment when I picked up the car via certified check. Although I noticed some folks were providing personal checks. As for paying the loan I found details on the website. Seems you have to wait 1-2 weeks:

What You'll Receive by Mail
When
TD Auto FinanceFirst billing statement, privacy notice and new customer information for assistance in servicing your loanAround 21 days prior to first payment due date
Wells FargoWelcome packet that includes first statementAround 21 days prior to first payment due date
US Bank**Welcome letter, followed by the first statementAround 21 days prior to first payment due date
ChaseWelcome kit that includes a welcome letter, first quarterly statement and instructions for AutopayTwo to three weeks after receiving original loan documents
 
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Reactions: jjrandorin

Baytomax

Professional EDD Page Refresher
Jul 15, 2021
300
551
Alhambra, CA
I paid my down payment when I picked up the car via certified check. Although I noticed some folks were providing personal checks. As for paying the loan I found details on the website. Seems you have to wait 1-2 weeks:

What You'll Receive by Mail
When
TD Auto FinanceFirst billing statement, privacy notice and new customer information for assistance in servicing your loanAround 21 days prior to first payment due date
Wells FargoWelcome packet that includes first statementAround 21 days prior to first payment due date
US Bank**Welcome letter, followed by the first statementAround 21 days prior to first payment due date
ChaseWelcome kit that includes a welcome letter, first quarterly statement and instructions for AutopayTwo to three weeks after receiving original loan documents
This is great information. Thank you.
 

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