Why does Tesla ask you to apply for a loan when your delivery is 2+ months out?

[YNoVA]

In order for me to be given an EDD I was required to fill out a loan application or provide a third party loan. I ended up choosing the cash option as it makes no sense to apply for a loan that'll just expire by the time you pick up your car. I don't get why financing is the third step in the app, it should be one of the last steps you need to do.

 

[jjrandorin]

No idea why they have that in the workflow like that, but selecting cash there is what anyone from tesla will also tell you to do. You just need to be prepared to get your financing in order fairly quickly when the time comes.

 

[Watts_Up]

I remember reading in an older thead a comment where someone received the check from the bank.
And started to paid back the loan even before getting the car, to avoid having to cancel the loan.
And getting then a less advantageous rate when requesting a new loan.

 

[YNoVA]

I remember reading in an older thead a comment where someone received the check from the bank.
And started to paid back the loan even before getting the car, to avoid having to cancel the loan.
And getting then a less advantageous rate when requesting a new loan.

I'd do that but my bank requires a MVPA in order to process an auto loan.

 

[Kairide]

I remember reading in an older thead a comment where someone received the check from the bank.
And started to paid back the loan even before getting the car, to avoid having to cancel the loan.
And getting then a less advantageous rate when requesting a new loan.

I don’t know of any bank that would give out an auto loan without a bill of sale, MVPA, etc..Without those documents it would just be considered a personal loan.
I think the post you’re thinking of was someone who was assigned a VIN and had a delivery scheduled, but for some reason Tesla re-routed their car to someone else. The person had their financial institution send the check sent to Tesla before the delivery date. Therefore they were paying the loan for a car they never took delivery of.