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Lending Agreement vs MVPA?
- Thread starter Tsmod3fsd
- Start date
You get a MVPA "Motor Vehicle Purchase Agreement" no matter what form of payment you use. Even if you pay "cash" (check, etc) out of your own pocket, you still get a MVPA. If you are borrowing money through some financial institution, you would also have a lending agreement that details interest rates etc.
The lending agreement is an agreement between you and whatever lender you are borrowing the money from for the terms of the loan.
Thats the difference. This isnt different than buying any other new car and financing it, just the forms may have different names.
You should see it somewhere in your account, since it has the final amounts that you are being billed for, etc. Check your online account for it, or contact your delivery center that confirmed your appointment for it. I would want to see it before I accepted financing, if it were me. I didnt use tesla financing though so not sure on their exact workflow, but you should see your MVPA before fully accepting the financing in my opinion.
Michelle_eriw
Member
I just spoke with someone at the Cincinnati delivery center because I have not received an MVPA. She told me that it is only for those people who are using third party financing; if you are using Tesla financing, there's no need for the MVPA.
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