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Tesla Financing review

Last updated:  

You'll need to order your new or used Tesla before you can apply for financing.

  • Best for committed buyers ready to buy or lease a Tesla.
  • Pick something else if you aren't ready to order your car.


Product NameTesla Financing
Loan term3 to 6 years
Financing typesPurchase
Eligible car typesNew


  • Two calculators to estimate the cost of a lease versus a loan
  • Live chat assistance available


  • Have to order vehicle before you can apply for financing
  • No special discounts

Tesla Financing special discounts

  • Military: No
  • College grad: No
  • Repeat customers: No
  • First responders: No
  • Accessibility equipment: No

Tesla Financing customer reviews

BBB accredited No
BBB rating A+
BBB customer reviews 2 out of 5 stars, based on 97 customer reviews
Trustpilot Score 1.9 out of 5 stars, based on 192 customer reviews
Customer reviews verified as of 11 November 2019

How to apply

To complete an application through Tesla Financing, you need to first order the Tesla you wish to purchase or lease. Follow these steps to get started:

  1. View Tesla’s current inventory or build your own Tesla.
  2. Within one month of your delivery date, log into your account to complete a loan or lease application.

Tesla will contact you within two days to confirm your information. Alternately, you can contact a representative directly by emailing autofinance@tesla.com.

How do repayments work?

You can make repayments one of four ways:

  • Through Tesla’s online payment portal
  • By enrolling in monthly ACH payments
  • By mail
  • By phone

Compare more car loan options

Updated December 9th, 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
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
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.
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your 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.
Good to excellent credit
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

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