How to buy a Tesla in 4 steps |
Charging a tesla

Tesla buying guide

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How to buy a Tesla in 4 steps and what you should know before

Teslas are exciting cars and some of the highest performing electric vehicles to ever hit the roads. The biggest advantage is that you don’t need gas and can wake up to a fully charged tank every day. They’re also packed with advanced features and the latest driver assistance technology.

buying a tesla car

Step 1: Choose your Tesla model

When you buy a new Tesla you can customize it to near-perfection with extras. All of them come with the Tesla Autopilot system that can steer within a lane, change lanes automatically with just a tap of the turn signal, self-manage speed with adaptive cruise control, scan for free spots and parallel park on demand. Meanwhile, front and side collision avoidance systems and digital control of the brakes, motor and steering help keep you safe and prevent the car from wandering across lanes.

Autopilot updates are being made constantly and are progressively enabled with software updates sent directly to your car. Although all Tesla vehicles have the autopilot hardware, it may have different functions and features depending on your model.

Model S Sedan

First introduced in 2012, the sedan offers many of Tesla’s innovative features without compromising speed. Automatic features of the Model S Sedan include auto steering, lane changing and auto park. Sleek design coupled with safety makes for an impressive vehicle.

Model X SUV

The Tesla Model X is one of the safest, fastest and capable SUVs ever made. It’s able to seat up to seven people with enough room left over for all their gear, all while delivering an uncompromising blend of safety, utility and performance. With the addition of Tesla’s cutting-edge autopilot features and the benefits of driving a powerful electric vehicle, it leaves other SUV drivers envious.

Model 3

The Tesla Model 3 is a premium sedan for real world driving, blending performance, safety and spaciousness with affordability. In fact, it’s the most affordable Tesla ever made, with a rough starting price of $49,000.

Step 2: Customize your new Tesla

You have a lot of choice, and can tailor everything from the battery to bonus features — which adjusts your cost.

Engine power:
Battery type Model S Model X
60 kWh Model S 60 engine, up to 253 miles range 60D engine, up to 208 miles range
75 kWh Model S 75 engine, up to 304 miles range 75D engine, up to 259 miles range
90 kWh 90D engine, up to 346 miles range 90D engine, up to 303 miles range
100 kWh P100D engine, up to 380 miles range P100D engine, up to 336 miles range
Advanced features:
Feature What does it do? Available with Model S? Available with Model X? Recommended?
Autopilot Convenience Features Enables advanced autopilot features like adaptive cruise control, on-demand parking and steering around curves Yes Yes Highly recommended. These unique features are not only very useful, but are some of the things that make Tesla unique
Smart Air Suspension Adjustable suspension for better handling, efficiency and comfort. Raise or lower the car as needed Yes Yes Recommended if you often drive on snow, rough terrain or steep inclines
Subzero weather package Cold weather system with heated seats and steering wheel, wiper blade defrosters and washer nozzle heaters Yes Yes Recommended for subzero weather
Premium upgrades Options for HEPA air filtration system, ventilated seats, LED fog lights and turning lights, leather finishes, accents, interior lighting and a quick-connection phone dock Yes, but available options vary Yes, but available options vary Less essential, more luxury upgrades.
Recommend to choose only the select features that you want
Ultra-High Fidelity Sound More speakers, larger amplifier and subwoofer, specialized sound system. As a 12-speaker system As a 17-speaker system Recommended if you want a uniquely high-quality audio experience while driving, or spend a lot of time on the road listening to music
Charger upgrades Improves your vehicle’s charging speed and driving range per time spent charging High-power charger upgrade. Improves range from 33mph of charge to 50mph of charge High-amperage charger upgrade. Improves range from 29mph of charge to 44mph of charge Recommended for driving longer distances, or if standard charge speeds are not enough for your needs
Towing package Steel tow bar, removable hitch and software monitoring of trailer sway, with 13-pin trailer electronics harness No Yes Recommended if frequently using a trailer with your Model X

Step 3: Find financing

Lenders and car loan providers recognize the swiftly growing popularity of these unique vehicles and may be more likely to approve Tesla loans than less-practical but similarly priced cars.

Luxury car loans are designed for cars like Teslas. You’re paying for safety, convenience, environmental friendliness and versatility, not just speed and power. Compare your finance options to see if any are suitable for you.

Compare car loans

Updated April 26th, 2019
Name Product Filter Values Minimum Credit Score Loan Term Requirements
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
Varies by lender
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Fair or better credit
From 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
Lower your monthly car payments and save on interest through a fast and easy online application process.
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
Connect with a network of over 150 lenders to refinance your car loan.
Good to excellent credit
Varies by lender
Must be a US citizen and 18+ years old. Must have good to excellent credit.
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

Compare up to 4 providers

How much do the Model S, Model X and Model 3 cost?

While Teslas are expensive, high-end vehicles, they can help you cut costs as you drive. Not paying for gas and the potential government rebates for these eco-friendly cars are only two ways a Tesla can save you money.

The cost of a Tesla depends largely on the engine power and the extra features you choose. Here’s about how much you should expect to pay for the Model S and Model X brand new without extra features.

Tesla Model S
Tesla Model S 60 $68,000
Tesla Model S 75 $69,500
Tesla Model S 90D $87,500
Tesla Model S P100D $135,000
  • Prices for the 60 and 75 are for rear-wheel-drive only, while 90D and P100D are for all-wheel dual motor drive.
Tesla Model X
Tesla Model X 75D $79,500
Tesla Model X 90D $93,500
Tesla Model X 100D $96,000
Tesla Model X P100D $140,000
Tesla Model 3
Long range rear-wheel drive $49,000
Long range dual motor all-wheel drive $54,000
Performance dual motor all-wheel drive $64,000

All prices do not include taxes, vehicle registration costs, insurance or any other fees.

Step 4: Order you Tesla online

Unlike other cars, Tesla doesn’t work with dealerships. Instead, you have to place your order online. Here’s how:

  1. Go to the Tesla website and click Order Now.
  2. Select your vehicle and select whether you want to pay with a loan lease or cash, then hit Next. Select Loan if you want to use Tesla’s financing or Cash if you want to use another lender or pay in cash.
  3. Fill out the required fields with your personal information and select your delivery preference.
  4. Select the method you’d like to use to cover the $2,500 order payment and enter your payment information. Then hit Place Order.

What Tesla drivers wish they knew before buying

Teslas are different. A lot of drivers report that it takes a bit of time to adapt to the features, but once you do it’s easy and intuitive, and it’s hard to go back.

Here’s what Tesla drivers say they wish they knew before buying:

  • Have a qualified electrician install upgraded power points in your garage before you get the car. Typical wall outlets can charge the car, but may be frustratingly slow.
  • The supercharger routing algorithms that Tesla vehicles navigate between supercharger stations, are geared to be conservative so you don’t find yourself stranded. Once you get a good sense of the car’s actual battery life you can rely less on the computer and more on your own intuition.
  • The charge indicator on a Tesla is considerably more accurate than a fuel gauge.
  • The Tesla Model S is a low, sporty and aerodynamic car. If you’re a big or tall person, have a bad back or aren’t sure you’re able to keep squeezing into a low car, it may be worth getting the Smart Air Suspension system. Raising the car can make it a lot easier to get in and out.
  • It’s worth getting used to using your smartphone to control car features from a distance, like precooling or heating.
  • Car insurance costs for a Tesla vary depending on its performance options. Selecting the most powerful pushes your vehicle a lot closer to high-powered car, driving up insurance premiums.
  • Remember to charge your car overnight so you can wake up every morning with a fully-charged tank.
  • Both the Model S and Model X are truly outstanding vehicles, but they don’t come cheap. The unique benefits of Teslas can make it easier to find financing options, but remember to keep a cool head.
  • Expect to spend more on tires than with other cars. The rapid acceleration found in the Model S and Model X wear down tires quickly, especially if you choose the larger 21” option.

Remember that these are just suggestions from Tesla drivers around the world and that your own experience may vary.

How to charge your Tesla

tesla charging stationTesla cars use an onboard charger to convert alternating current from wall outlets into direct current in the car battery. The emptier the battery, the faster it charges. When it gets close to being full, the car computer will taper off the current to gradually top it up without overflowing.

You can charge your car from wall outlets, as well as from Tesla supercharger stations located around the country. These are special banks of multiple chargers working in parallel to rapidly recharge your vehicle. Simply pull up, plug in and charge it up.

  • Half an hour of charge from a standard outlet will get you about 10 miles. Charge overnight to fill up your car at home.
  • Half an hour of charging at a Tesla supercharger station will get you about 167 miles. This is generally more than enough to get you to the next supercharger or your destination.

Supercharger information is also linked to your car’s computer and you can easily find your nearest supercharger with your car’s inbuilt touch screen display.

Frequently asked questions

Image source: Shutterstock

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