Financing my CT

[mcgalloway]

Due to a delivery issue with my PAWD CT, I had to reorder a new vehicle. When my original order was placed, I received a VIN within 10 business days then applied for financing (lease). My application was submitted and approved by Tesla Leasing within 48 hours. Unfortunately when my CT arrived at the SC for delivery, it was placed on Containment hold due to a battery issue (referenced in other forum threads). Rather than wait for the new battery pack (unknown timeline) I ultimately ended up placing an order for a new VIN (encouraged by my delivery manager). This whole experience starting with my original order took place over approximately 8 weeks. Due to the delivery issue, my financing approval expired and I had to resubmit under a new VIN. This time, instead of Tesla Leasing, it was submitted to JP Morgan Chase. I guess Tesla has a number of financing partners that maybe go through a "round robin" approach? Regardless, JP Morgan Chase has been sitting on my application for almost 7 business days now. No movement. Maybe I was spoiled by the quick turnaround from Tesla Leasing. I am curious what others have experienced with the credit approval window. 3 days, 7 days, more? I'm anxious because my CT is scheduled to arrive at the SC next week.

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[devdrone6]

I have financed through Chase, took a few hours - you need to get a hold of someone.

 

[mcgalloway]

Right. I already initiated an expedite request with Tesla’s finance team.

 

[comet2]

I agree, Get hold of someone. Also, does that count as two hard inquires on your credit report? Of the 3 vehicles I got from tesla, all financed through Tesla, the first 2 were US Bank and the 3rd one was TD Financials.

 

[UberNoob]

Mine went the Wells Fargo, meh awe well. You can wait to finance it till delivery / when it’s been scheduled, so you don’t get excessive hard inquiries hits to your credit.

 

[mcgalloway]

Squeaky wheel……. The Tesla finance team took over. I am back with Tesla Leasing and all set now. One thing I have learned through this experience is to proactively advocate for myself. Don’t fall into the machine and aimlessly wait for them.

 

[MCraft99]

Check your credit reports yourself. Mine used Experian and tried WellsF but couldn't verify my identify so moved on to PNC Bank. It all happened within 24 hours. Depending on which of the three bureaus they used, there will likely be multiple soft inquiries with Wells Fargo, PNC Bank, Chase and whoever backs Tesla Financing. There was only one hard inquiry though.

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