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 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, sign in to your Tesla Account 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, MA, MD, MI, MN, MO, MS, NV, NJ, NM, NY, NC, OH, OR, PA, RI, TN, TX, UT, VA, WA.

Submit a Credit Application

  1. In the ‘Payment Method’ section of your Tesla Account, view the financing options available to you by selecting ‘Finance.’
  2. To finance with Tesla:

    Select ‘Tesla’ as your financier and confirm the amount to finance and your preferred monthly payment and financing 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.

    To finance with a third-party financier:

    Review the amount due and provide your financier’s information and the amount you’d like to finance. As your delivery date approaches, we will prompt you to confirm your lienholder’s information and provide payment or proof of payment for the amount due. Learn more about financing with a third-party financier.

  3. 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.
  4. You will be notified of the credit decision within the ‘Payment Method’ section of your Tesla Account.

If you are approved, you can accept the financing offer in your Tesla Account and a Tesla Advisor will reach out to you with next steps to take delivery of your Tesla vehicle. In the event that your credit application is denied, we will contact you within one business day of the decision 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.

Taking Delivery

Your Retail Installment Contract will be available for signature in the ‘Payment Method’ section of your Tesla Account at least 24 hours prior to your delivery appointment. If you are financing with Tesla, you must e-sign any required documents in your Tesla Account. All credit applicants must be present and proof of insurance must be provided when you take delivery.

Note: Texas and Michigan customers are required to submit final payment prior to scheduling their delivery appointment due to state restrictions.

Making Payments

The amount and due date of your payments is outlined in your Retail Installment Contract. You can find a copy of your Retail Installment Contract in the ‘Glovebox’ section of your Tesla Account along with other documents.

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 directly from the Tesla app or your Tesla Account. 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.

Hardship, Delinquency and Additional Support

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 ‘Glovebox’ section of your Tesla Account along with other documents.

Frequently Asked Questions
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