Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

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.

Details

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

Pros

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

Cons

  • 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

Data indicated here is updated regularly
Name Product Filter Values Minimum credit score APR Loan term Requirements
Carvana
No minimum credit score
3.9% - 27.9%
1 to 6 years
18+ years old, annual income of $4,000+, no active bankruptcies
car.Loan.com Car Loans
300
Varies by network lender
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.
SuperMoney Auto Purchase Loans Marketplace
600
Varies by lender
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.
CarsDirect auto loans
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
300
Varies
Varies
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.
loading

Compare up to 4 providers

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site