Financing Your Vehicle

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.

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.

No. There are no application fees to apply for financing.

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.

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.

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.

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.

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.

You will need to contact each credit bureau directly.

• Transunion: 888-909-8872
• Experian: 888-397-3742
• Equifax: 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.

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.