I just went through this and finalized before scheduled delivery BUT I had waited 30 days so upon re-pulling my credit report my interest rate went up. This was due to a higher balance on my credit card. From what you might ask? Model S order payment and service contract :/
This is something I am concerned about. Like
@javawolfpack I use my credit cards for everything I can to get cash back rewards and pay everything off each month. I have never paid a cent of credit card interest in my life, while getting hundreds of dollars per year in cash back. The credit card companies must hate me
After researching credit score calculations in more detail about 6 months ago & using Capital One's simulator that I can access when logged in to my account with them, I determined that not only does credit utilization matter, but also the number of accounts with balances. I have one main credit card that offers 1.5% cash back everywhere and some others that have special categories of 5% or so cash back. For the ones that I use only a little each month, I've started paying them off right before the statement cycles. This way I can still use them and get 5% cash back for certain purchases, while having them show a $0 balance at each statement on my credit report. This has pushed my credit score up to around 820 according to the Capital One simulator.
When I placed my Model S order I used my 1.5% cash back card for the $2500 deposit. I was planning to pay that before the statement cycled so that it wouldn't impact my utilization ratio. I requested that Capital One change my statement date to give me more time to hang onto that cash so that I could coordinate the timing of payments with the future credit application to maximize my score. Unfortunately, Capital One didn't change my statement date so my last statement cycled with the $2500 Tesla charge and a number of other expensive purchases. According to the Capital One credit score reporting info, this dropped my credit score about 30 points & put me down under 800 because my utilization went from being around 2-3% to being around 9-10% since I have about $3500 more in credit card balances thanks to Capital One not changing my statement date...
So now I am hoping that my financing application won't be impacted. However, since Capital One will likely now change my statement date, that means that they won't report again to the credit bureaus for about 1.5 months which will further mess me up! I was going to pay at least $2500 to Capital One early in case they didn't change my statement date, but I was busy traveling and I missed getting it submitted on time. So now I'm really ticked off!
Anyhow...any update on delivery, the purpose of this thread... I received the e-mail last night that my Model S has entered production. The delivery window did not change yet & still shows Late August - September. I will update the
spreadsheet now.