Can you get a car loan for a Tesla Model S through any lender or only with Tesla?
Do I have to finance through Tesla or can I choose my lender? I want to get a brand new Tesla Model S, but I'll need to finance a portion of the sale price.
Answer provided by
Answered on Jul 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“You’re always free to choose your lender!
If Tesla is telling you that you must finance through them, it’s simply not true.
Shopping around is always a good idea when you’re financing a new car so you can get the best rate possible.
It just might be that Tesla has the best rates right now, but that’s not always the case.
Take a look at local banks and credit unions for the best rates, or you can search for financing promotions that lenders sometimes run.
While you’re shopping for financing, make sure you use Jerry to get the best car insurance rates for your new ride.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Do you have to make a certain down payment to finance a Porsche?
Does Porsche (or other lenders) require a certain down payment to finance the vehicle? I want to buy a Porsche, but I also want the lowest monthly payments possible.
Jul 13, 2021
What's the better financial move: leasing or financing a Tesla?
Which is the better option: leasing or financing? I want to buy/finance a new Tesla, but I'm also thinking about leasing one. Any advice?
Jul 13, 2021