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Financing Your Vehicle After placing your vehicle order, Tesla offers the ability to purchase your vehicle by financing with a Tesla financier. article Ordering and Delivery Tesla Account Model S Model 3 Model X Model Y Vehicle 260565 https://digitalassets.tesla.com/tesla-contents/image/upload/f\_auto,q\_auto/tesla-logo-thumbnail.jpg Tesla logo in gray en For the best experience, we recommend upgrading or changing your web browser. [Learn More](https://www.tesla.com//support/browser-support) # Financing Your Vehicle Tesla offers the ability to purchase your vehicle by financing with a Tesla financier or customers can use a third-party financier. Getting Started [Start your order](https://www.tesla.com/) and design your Tesla vehicle. The Tesla financing calculator is available in the Design Studio to help you determine the right payment option. Tesla Financing is not available in all states and additional taxes and fees may apply. These estimated payments are not guaranteed and are subject to credit approval. [Back to Top](https://www.tesla.com/support/financing-your-vehicle#top) Financing Your Vehicle After placing an order, get started by [downloading the Tesla app](https://www.tesla.com/support/tesla-app). Use the Tesla app to review and confirm your delivery, registration and trade-in details. To qualify for Tesla Financing, you must take delivery in one of the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, MA, MD, MI, MN, MO, MS, NV, NH, NJ, NM, NY, NC, OH, OR, PA, RI, TN, TX, UT, VA, WA. ### Submit a Credit Application To submit a credit application, follow these steps: 1. Sign in to the Tesla app and complete the initial pre-delivery tasks. 2. In the ‘Financing’ section, select ‘Yes’ when asked whether you plan to lease or finance your vehicle. 3. Select ‘Tesla Loan’ as the financing type to start your application process. **Note:** If you are financing with a third-party financier, select ‘Self-Arranged Loan.’ Learn more about [financing your vehicle with a third party](https://www.tesla.com/support/financing-your-vehicle#third-party-financing). 4. Review and confirm additional information including your preferred down payment, monthly payment and monthly term. 5. We 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. 6. You can check the status of your application from the ‘Financing’ section in the Tesla app. If you’re approved, you can review and accept the offer from the Tesla app and a Tesla Advisor will reach out to you with next steps to take delivery of your vehicle. In the event that your lease application is denied, a member of the Tesla team will contact you to discuss next steps. **Note:** You must be over the age of 18 and have a Social Security number to submit a credit application. At this time, business-only, trust and commercial financing options are not available. [Back to Top](https://www.tesla.com/support/financing-your-vehicle#top) Making Payments The amount and due date of your payments is outlined in your [Retail Installment Contract](https://www.tesla.com/support/financing-your-vehicle#retail-installment-contract). You will receive a welcome packet and the first invoice from your financier in the mail with payment information around two to three weeks after taking delivery. The mailer may be undisclosed and may be easily mistaken as junk mail. Your first payment is due 30 or 45 days from the delivery date depending on your financier, and your monthly payment will be due on that same day each month going forward. If you are financing with Tesla Finance LLC, you can [make your monthly payment](https://www.tesla.com/support/lending/making-payments) directly from the Tesla app. If you are financing with one of Tesla’s indirect partners, the payment must be made to the financier from your Retail Installment Contract. [Back to Top](https://www.tesla.com/support/financing-your-vehicle#top) Finance Payoff There are no prepayment penalties associated with Tesla financing and our partners. Contact your financier directly for payoff details and instructions for remittance. [Back to Top](https://www.tesla.com/support/financing-your-vehicle#top) Customer Support, Payments and Delinquency Contact your financier directly if you’re having trouble making payments. Your finance contract outlines the name of your financier. You can find a copy of your contract in the ‘Documents’ section of your Tesla app along with other documents. - Ally Customer Service: [(888) 925-2559](tel:888-925-2559) - BMO Customer Service: [(888) 340-2265](tel:888-340-2265) - Capital One Customer Service: [(800) 946-0332](tel:800-946-0332) - Chase Customer Service: [(800) 336-6675](tel:800-336-6675) - FI Connect Customer Service: [(866) 918-2898](tel:866-918-2898) - PNC Bank Customer Service: [(800) 642-6323](tel:800-642-6323) - Santander Customer Service: [(888) 222-4227](tel:888-222-4227) - TD Bank Customer Service: [(800) 556-8172](tel:800-556-8172) - U.S. Bank Customer Service: [(800) 872-2657](tel:800-872-2657) - Wells Fargo Customer Service: [(800) 289-8004](tel:800-289-8004) - Tesla Finance Customer Service: [(844) 837-5285](tel:844-837-5285) (Option 1) [Back to Top](https://www.tesla.com/support/financing-your-vehicle#top) Frequently Asked Questions Credit Application [Show All](https://www.tesla.com/support/financing-your-vehicle) [Hide All](https://www.tesla.com/support/financing-your-vehicle) - When should I start the credit application? You can apply any time after you place your vehicle order. The credit approvals are valid for up to 60 days depending on the financier. If your delivery date falls after your credit application expires, you may need to start a new application. - Who can apply? Tesla Financing is available for applicants in the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, MA, MD, MI, MN, MO, MS, NV, NH, NJ, NM, NY, NC, OH, OR, PA, RI, TN, TX, UT, VA, WA. The names on the credit application must match the names of the vehicle registration and those listed must take delivery of the vehicle. For applications supported by a small business, the credit report of the individual applicant will be used to assess the application. Unfortunately, business-only, trust and commercial finance applications are not accepted at this time. - Are there fees for submitting a credit application? No. There are no application fees to apply for financing. - Will there be a hard pull of my credit? At least one hard pull of your credit report is required; however, for some applicants, additional inquiries may be needed as we work to find you the best credit offer possible. - Can I get pre-qualified for financing before I order a vehicle? Tesla offers pre-qualification for financing. Once you design a vehicle, you will be able to apply for a pre-qualification. Pre-qualification is optional and uses a soft inquiry on your personal credit report to assess your credit worthiness. Soft inquiries do not affect your credit score. The result is not an approval or denial of credit, nor a guarantee for financing. A credit application using a hard credit pull will still be required to finance your vehicle purchase through Tesla. - Can I finance my vehicle if I plan to use it as a rideshare or rental vehicle? Currently, our financing partners do not offer financing options for vehicles that will be used for ridesharing or rental purposes. We recommend checking with your local financial institution or third-party financier. - How do I finance my vehicle with a third party? You can choose to secure financing for your vehicle outside of Tesla. If you do, you’ll need to follow these steps: 1. **Obtain financing approval.** As your delivery date approaches, we will prompt you to apply for financing in the Tesla app. Select ‘Self Arranged Loan’ as the financing type and provide the necessary financing partner information. Approvals are typically valid for 30-60 days depending on your lienholder’s policy. 2. **Enter lienholder details.** Once you have credit approval, we will ask you to confirm your lienholder information and financed amount. Your financial institution will provide a lienholder address; this is not necessarily your local branch address. 3. **Coordinate final payment.** We will provide a signed Motor Vehicle Purchase Agreement (MVPA) to you closer to your delivery appointment. You are responsible for securing and submitting the amount financed and any balance due prior to delivery. If you are mailing your payment, you may be asked to provide proof of payment. If asked, submit a picture of the front of the check along with the tracking number in your Tesla app. Delivery cannot take place until we receive the funding in full. - Do I need to unfreeze or unlock my credit? We recommend you lift all credit freezes you currently have in place with all credit bureaus. It is best to unlock your credit file prior to submitting your credit application to avoid any delays. - How do I unfreeze my credit? You will need to contact each credit bureau directly. - [Transunion](https://www.transunion.com/credit-freeze): [888-909-8872](tel:888-909-8872) - [Experian](https://www.experian.com/freeze/center.html): [888-397-3742](tel:888-397-3742) - [Equifax](https://www.equifax.com/personal/credit-report-services/credit-freeze): [888-298-0045](tel:888-298-0045) We suggest lifting all credit freezes for at least seven days. However, if a credit approval expires prior to the vehicle delivery date, credit 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 unforeseen circumstances. You can check the status of your application in the ‘Financing’ section of the Tesla app. Once a credit decision has been made, you’ll be notified in the Tesla app. Credit approvals are valid for up to 60 days. Documentation [Show All](https://www.tesla.com/support/financing-your-vehicle) [Hide All](https://www.tesla.com/support/financing-your-vehicle) - Where can I find the documents available to me if I am financing my vehicle with a Tesla financier? The location of all documents related to financing your vehicle will vary depending on the type of document you are looking for. The following delivery-related documents can be accessed in the ‘Documents’ section of the Tesla app or your Tesla Account: - Purchase agreement - Lemon Law disclosure - E-signed consent from Tesla - Proof of insurance The following finance-related documents can be accessed only in the ‘Financing’ section of the Tesla app: - Monthly statements - Retail Installment Contract - Extensions, if applicable - Quotes for payoff or early lease termination, if applicable **Note:** Finance-related documents can only be accessed in the Tesla app if you are financing with a Tesla financier. If you are having trouble finding a specific document, contact your Tesla Advisor from the Tesla app. - Where can I find the documents available to me if I am financing my vehicle with a third-party financier? If you are financing your vehicle with a third party, you can access the following delivery-related documents from the ‘Documents’ section of the Tesla app or your Tesla Account: - Purchase agreement - Lemon Law disclosure - Tesla e-signed consent - Proof of insurance For all finance-related documents, including your Retail Installment Contract and monthly statements, contact your third-party financier. - Where can I find my Retail Installment Contract? If you are financing your vehicle with Tesla, you can find your Retail Installment Contract in the ‘Financing’ section of the Tesla app. If you are financing with a third party, contact them directly to get access to your Retail Installment Contract. - Why can’t I find my monthly statements in my Tesla Account if I am financing my vehicle with a third party? Tesla does not have access to payment history if you are financing with a third party. Monthly statements are provided directly by your third-party financier and cannot be found in the Tesla app. - Who should I contact if I can’t find any delivery-related documents? Contact your Tesla Advisor for delivery-related documents such as your purchase agreement, Lemon Law disclosure or proof of insurance. - Who should I contact if I can’t find any finance-related documents? If you are financing your vehicle with Tesla, contact your Tesla Advisor. If you are financing your vehicle with a third-party financier, contact them directly. [Back to Top](https://www.tesla.com/support/financing-your-vehicle#top) Article Menu In This Article

Tesla offers the ability to purchase your vehicle by financing with a Tesla financier or customers can use a third-party financier. Getting Started [Start your order](https://www.tesla.com/) and design your Tesla vehicle. The Tesla financing calculator is available in the Design Studio to help you determine the right payment option. Tesla Financing is not available in all states and additional taxes and fees may apply. These estimated payments are not guaranteed and are subject to credit approval. Financing Your Vehicle After placing an order, get started by [downloading the Tesla app](https://www.tesla.com/support/tesla-app). Use the Tesla app to review and confirm your delivery, registration and trade-in details. To qualify for Tesla Financing, you must take delivery in one of the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, MA, MD, MI, MN, MO, MS, NV, NH, NJ, NM, NY, NC, OH, OR, PA, RI, TN, TX, UT, VA, WA. ### Submit a Credit Application To submit a credit application, follow these steps: 1. Sign in to the Tesla app and complete the initial pre-delivery tasks. 2. In the ‘Financing’ section, select ‘Yes’ when asked whether you plan to lease or finance your vehicle. 3. Select ‘Tesla Loan’ as the financing type to start your application process. **Note:** If you are financing with a third-party financier, select ‘Self-Arranged Loan.’ Learn more about [financing your vehicle with a third party](https://www.tesla.com/support/financing-your-vehicle#third-party-financing). 4. Review and confirm additional information including your preferred down payment, monthly payment and monthly term. 5. We 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. 6. You can check the status of your application from the ‘Financing’ section in the Tesla app. If you’re approved, you can review and accept the offer from the Tesla app and a Tesla Advisor will reach out to you with next steps to take delivery of your vehicle. In the event that your lease application is denied, a member of the Tesla team will contact you to discuss next steps. **Note:** You must be over the age of 18 and have a Social Security number to submit a credit application. At this time, business-only, trust and commercial financing options are not available. Making Payments The amount and due date of your payments is outlined in your [Retail Installment Contract](https://www.tesla.com/support/financing-your-vehicle#retail-installment-contract). You will receive a welcome packet and the first invoice from your financier in the mail with payment information around two to three weeks after taking delivery. The mailer may be undisclosed and may be easily mistaken as junk mail. Your first payment is due 30 or 45 days from the delivery date depending on your financier, and your monthly payment will be due on that same day each month going forward. If you are financing with Tesla Finance LLC, you can [make your monthly payment](https://www.tesla.com/support/lending/making-payments) directly from the Tesla app. If you are financing with one of Tesla’s indirect partners, the payment must be made to the financier from your Retail Installment Contract. Finance Payoff There are no prepayment penalties associated with Tesla financing and our partners. Contact your financier directly for payoff details and instructions for remittance. Frequently Asked Questions