Loan / Order timeline (probably a stupid question)

[Serge28]

Apologies in advance, as this is probably a stupid question. Feel free to lock, but please point me in the right direction first.

Have been waiting for base model since 03/31/16. My car lease ended 2 months ago, so I've been taking train 30 miles to my job since resulting in 12 hour days. Then like a lightning struck yesterday.

I've never bought a car before. Once I place the order online and shell out the initial $2,500 (I think I can do a credit card, right?), do I then start contacting the banks/credit unions from the "Tesla loan comparison spreadsheet" thread for the best rate or do I have to have that locked in prior to order? I think if multiple sources check my credit score on the same day for the same reason (auto), it would combine into 1 hard inquiry.

Anyway, if anyone can link me to something on this or just educate my noob ass, I sure would appreciate that help.

 

[J-Ho]

Apologies in advance, as this is probably a stupid question. Feel free to lock, but please point me in the right direction first.

Have been waiting for base model since 03/31/16. My car lease ended 2 months ago, so I've been taking train 30 miles to my job since resulting in 12 hour days. Then like a lightning struck yesterday.

I've never bought a car before. Once I place the order online and shell out the initial $2,500 (I think I can do a credit card, right?), do I then start contacting the banks/credit unions from the "Tesla loan comparison spreadsheet" thread for the best rate or do I have to have that locked in prior to order? I think if multiple sources check my credit score on the same day for the same reason (auto), it would combine into 1 hard inquiry.

Anyway, if anyone can link me to something on this or just educate my noob ass, I sure would appreciate that help.

A lot of the loan approvals will only be valid for 30 days, so I would say it’s best to wait until you have a VIN assigned (per my delivery advisor)

 

[Dre78]

Visit or call a bank's vehicle loan office. Regardless of whether you go with their loan, they will be super helpful to n00bs with the process.

I was the same. Applied to a few places, and visited a credit union to talk to the rep on duty. Went with BofA, process took less than a week.

Abbreviated story: When will the final purchase agreement appear?

 

[ewoodrick]

I'd suggest using Tesla financing.It makes the process easier

 

[Serge28]

I'd suggest using Tesla financing.It makes the process easier

How so?