Getting Started
Design your Tesla and choice ‘ Loan ’ as a requital method acting to place an order of your vehicle .
The Tesla finance calculator is available to help you determine the right requital option. Please note that Tesla lend is not available in all states and extra taxes and fees may apply. These estimated payments are not guaranteed and are subject to credit blessing .
Financing With a Loan
After placing an order, sign in to your Tesla Account to review and confirm your delivery, adjustment and trade-in details.
Reading: Tesla Lending
To qualify for Tesla lend, you must take rescue in one of the comply states : AZ, CA, CO, FL, GA, HI, ID, IL, IN, MA, MD, MN, MO, MS, NV, NJ, NY, NC, OH, OR, PA, RI, TN, TX, UT, VA, WA .
Submit a Credit Application
- In the ‘Payment Method’ section of your Tesla Account, view the financing options available to you by selecting ‘Finance.’
- Select ‘Loan.’
Please note that you must be over the age of 18 and have a social security number to submit a credit application. - If you prefer to finance with Tesla:
Select Tesla as your financier and confirm the amount to finance and your preferred monthly payment and loan term. Review the price details to continue your application. Complete your application by submitting your social security number, phone number and residence and employment information.If you prefer to finance with a third-party lender:
Review the amount due and provide your lender’s information and the amount you’d like to finance. - Tesla will review your credit application upon submission. If your information changes or your credit approval expires, you can resubmit your credit application by following the same steps above.
- You will be notified of the credit decision within the ‘Payment Method’ section of your Tesla Account.
once approved, you can accept the finance extend in your Tesla Account and a Tesla Advisor will reach out to you with adjacent steps to take delivery of your Tesla. In the event that your credit application is denied, a penis of the Tesla team will contact you within one business day of the decision to discuss future steps .
Taking Delivery
Your Loan Agreement will be available for signature in the ‘ Payment Method ’ incision of your Tesla Account at least 24 hours prior to your rescue appointment. If you are financing with Tesla, you must e-sign any necessitate documents in your Tesla Account. All credit applicants must be present and proof of indemnity must be provided at fourth dimension of manner of speaking. Learn more about what to expect for taking delivery .
notice : Texas and Michigan customers are required to submit final payment anterior to scheduling their rescue date due to express restrictions .
Making Payments
The sum and due date of your payments is outlined in your Loan Agreement. You can find a imitate of your Loan Agreement in the ‘ Glovebox ’ section of your Tesla Account along with early documents .
You will receive a welcome mailboat and the first invoice from your lender in the mail with payment information around two to three weeks after taking pitch. Please note that the mailer may be undisclosed and may be well mistaken as junk mail. Your first payment is due 30 or 45 days from the pitch date depending on your lender and your monthly payment will be due on that lapp date going forward each month. If your loan is financed with Tesla Finance LLC, you can make your monthly requital immediately from the Tesla app or your tesla Account. If your loan is financed with one of Tesla ’ s indirect partners, the payment must be made to the lender from your Loan Agreement .
Finance Payoff
There are no prepayment penalties associated with Tesla financing and our partners. Please contact your lender directly for return details and instructions for remittance .
Hardship, Delinquency and Additional Support
Please contact your lender directly if you ’ re having trouble making payments. Your finance condense outlines the name of your lender. You can find a replicate of your contract in the ‘ Glovebox ’ section of your Tesla Account along with other documents.
Frequently Asked Questions
When should I start the credit application?
You can apply any time after you place your fomite ordering. The credit approvals are valid to astir to 60 days depending on the lender. If your pitch date falls after your credit application expires, you may need to start a fresh application .
Who can apply?
Tesla lend is available for applicants in the follow states : AZ, CA, CO, FL, GA, HI, ID, IL, IN, MA, MD, MN, MO, NV, NJ, NY, NC, OH, OR, PA, RI, TN, TX, UT, VA, WA .
The name on the credit application must match the name of the vehicle adjustment and this person must take pitch of the vehicle. For applications supported by a small business, the accredit report of the individual applicant will be used to assess the application. unfortunately, business-only, confidence and commercial finance applications are not accepted at this time .
Are there fees to submitting a credit application?
No. There are no lender or application fees to apply for lend .
Will there be a hard pull of my credit?
At least one hard pull of your citation report card is required ; however, for some applicants, extra inquiries may be needed as Tesla works to find you the best credit offer potential .
Can I get pre-approved for financing before I configure and order a vehicle?
Tesla does not presently offer a credit pre-approval work. You may, however, seek pre-approval through your own bank. Otherwise, you ’ ll be able to submit a credit application in your Tesla Account once your vehicle order is placed .
Do I need to unfreeze or unlock my credit?
Tesla recommends you lift all credit freezes you presently have in place with all credit chest of drawers. It is best to unlock your citation file anterior to submitting your credit rating application to avoid any delays .
How do I unfreeze my credit?
You will need to contact each credit chest of drawers directly.
Tesla suggests lifting all credit freezes for at least seven days. Please keep in mind however that if a credit rating blessing expires anterior to the fomite delivery date, citation freezes may need to be lifted again if a new application is required .
How long do credit decisions take? How can I check the status of my application?
Many credit decisions are available within a few minutes, with most available within 48 hours. however, some may occasionally take longer due to unanticipated circumstances .
You can check the condition of your application in the ‘ Payment Method ’ section of your Tesla Account. once a credit decision has been made, you ’ ll be notified in your score. Leasing decisions are valid for 90 days .
