![]() If asked, submit a picture of the front of the check along with the tracking number in your Tesla Account.ĭelivery cannot take place until we receive the funding in full. If you are mailing your payment, you may be asked to provide proof of payment. You are responsible for securing and submitting the amount financed and any balance due prior to delivery. We will provide a signed Motor Vehicle Purchase Agreement (MVPA) to you closer to your delivery appointment. Your financial institution will provide a lienholder address this is not necessarily your local branch address. ![]() Once you have credit approval, we will ask you to confirm your lienholder information and financed amount. Approvals are typically valid for 30-60 days depending on your lienholder’s policy. As your delivery date approaches, we will prompt you to apply for financing. If you do, you’ll need to follow these steps: You can choose to secure financing for your vehicle outside of Tesla. Loan amount: This is the amount you expect to borrow. You will be notified of the credit decision within the ‘Payment Method’ section of your Tesla Account. You can adjust the loan amount, term or rate to see different results in the calculator.If your information changes or your credit approval expires, you can resubmit your credit application by following the same steps above. In the fourth quarter of 2022, the overall average auto loan interest rate was 6.07 for new cars and 10.26 for used cars. We will review your credit application upon submission.Learn more about financing with a third-party lender. 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. Review the amount due and provide your lender’s information and the amount you’d like to finance. Complete your application by submitting your social security number, phone number and residence and employment information. Review the price details to continue your application. Select ‘Tesla’ as your financier and confirm the amount to finance and your preferred monthly payment and loan term. In the ‘Payment Method’ section of your Tesla Account, view the financing options available to you by selecting ‘Finance.’.
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