I was talking to my local bank the other day, and they said they don't do loans on certain brands of cars, like Ferraris, Bentleys, and Teslas, among others.
My current car loan is through fifth third bank, I need to check with them to see about financing a 3.
But my 2 big current questions are:
1. When do I need to arrange financing? The day I place my order, or some time later? I'm sure Tesla wouldn't want to take my order, put me in the queue, build me a car, and THEN find out I couldn't get the loan. My current credit score is (or at least it should be) a little over 700, and I will have a few thousand dollars standing by for a down payment if needed.
2. Does Tesla have a financing department? Once my order is placed, will I be able to get on the phone with someone in Tesla Finance, who will arrange a car loan for me?
How is all this going to work?
My current car loan is through fifth third bank, I need to check with them to see about financing a 3.
But my 2 big current questions are:
1. When do I need to arrange financing? The day I place my order, or some time later? I'm sure Tesla wouldn't want to take my order, put me in the queue, build me a car, and THEN find out I couldn't get the loan. My current credit score is (or at least it should be) a little over 700, and I will have a few thousand dollars standing by for a down payment if needed.
2. Does Tesla have a financing department? Once my order is placed, will I be able to get on the phone with someone in Tesla Finance, who will arrange a car loan for me?
How is all this going to work?