How do I finance my Cybertruck? Will Tesla want more money at the time of config tool release?

[rudedawg78]

Hi there,

To all the current Tesla owners, I was hoping you could shed some light of the purchasing/financing options process.

So, I paid my $100 to hold my spot in line (2 days after Cybertruck announcement), and now assuming the next step (after official Cybertruck production occurs), is to await the link to configure my Cybertruck? At that point, I assume I select my options, and possibly send more deposit money to secure my place in line? Or does financing for the full purchase price of the vehicle occur at that point? At what point does Tesla want their $$$$?

I have a lot of money to put down on my Cybertruck and plan to finance the rest. I am just unsure how all this works since I have never purchased a Tesla, nor any vehicle online.

Any insight to this process would be appreciated.

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[CyberGus]

AFAIK, the vehicle must be paid in full before delivery, but there are no "earnest money" intermediate payments.

Some people being a bank check (!!?!) but Tesla prefers electronic payments. They will provide instructions as your delivery date approaches, when you are assigned a Sales Advisor.

 

[rudedawg78]

AFAIK, the vehicle must be paid in full before delivery, but there are no "earnest money" intermediate payments.

Some people being a bank check (!!?!) but Tesla prefers electronic payments. They will provide instructions as your delivery date approaches, when you are assigned a Sales Advisor.

Thanks for some insight. Do you know if further "deposit" money will be required once we configure our Cybertruck?

 

[CyberGus]

https://www.tesla.com/en_MO/support/ordering#accepted-payment

• What are the accepted methods of payment?

Final payment can be remitted via wire transfer or personal check around 1-2 weeks before your scheduled pick-up date. If you have specific questions about your final payment, please contact the Delivery Team.​

• How much do I owe before I take delivery of my vehicle?

Before driving off into the sunset with your new Tesla, we require that the balance be paid in full, either personally or through the financing institution that is providing you financing for your vehicle. To help you take delivery as quickly as possible, we provide an itemized breakdown of the final payment on the Motor Vehicle Order Agreement (MVOA) per your car's configuration, including any applicable taxes and fees, as well as a Final Price Sheet and Invoice.​

• How do I pay via wire for my final payment?

You can contact the Delivery Team for more information regarding the final amount due and our bank account information.​

 

[JCERRN]

The sale process is actually really easy, i have no reason to believe it will be different than other Teslas.
1. Your configuration email
2. You select your options, it will tell you the total cost
3. It asks about payment options (finance through a lender tesla selects, and make a down payment through the tesla website bring your own financing, cash or lease of an option) it gives you a vehicle cost and estimated monthly payment
4. Trade in option
5. Tax, title, registration fees, final payment.
6. Order agreement signed, payment made (either from bank with financing or cash- deposit, downpayment, and trade in value).
7. VIN assigned
8. Delivery

correct me if im wrong please!

 

[uscbucsfan]

The sale process is actually really easy, i have no reason to believe it will be different than other Teslas.
1. Your configuration email
2. You select your options, it will tell you the total cost
3. It asks about payment options (finance through a lender tesla selects, and make a down payment through the tesla website bring your own financing, cash or lease of an option) it gives you a vehicle cost and estimated monthly payment
4. Trade in option
5. Tax, title, registration fees, final payment.
6. Order agreement signed, payment made (either from bank with financing or cash- deposit, downpayment, and trade in value).
7. VIN assigned
8. Delivery

correct me if im wrong please!

I believe varies state to state, but in North Carolina you do not have to pay prior to your delivery appointment.

With the 3 Teslas I've purchased, I showed up with the check from my bank, inspected the car, and then gave them the check before hitting "accept delivery" in the app.

 

[Deleted member 3316]

The sale process is actually really easy, i have no reason to believe it will be different than other Teslas.
1. Your configuration email
2. You select your options, it will tell you the total cost
3. It asks about payment options (finance through a lender tesla selects, and make a down payment through the tesla website bring your own financing, cash or lease of an option) it gives you a vehicle cost and estimated monthly payment
4. Trade in option
5. Tax, title, registration fees, final payment.
6. Order agreement signed, payment made (either from bank with financing or cash- deposit, downpayment, and trade in value).
7. VIN assigned
8. Delivery

correct me if im wrong please!

Pretty sure the VIN is assigned before payment is made but that doesn’t really make much of a difference.

 

[cvalue13]

Don’t give a penny, until you check for and scratches in the paint

 

[S.H.Peterson]

Don’t give a penny, until you check for and scratches in the paint

YEs, and I will tell youthat when I get mine, I am going to spend about an hour or better going over everything with a highly magnified and suspicious eye. Only when I am satisfied will I hand over my money.

 

[Kahpernicus]

Don't forget the fowl to make sure the size of the CT is correct.

 

[rudedawg78]

Don't forget the fowl to make sure the size of the CT is correct.

The fowl?

 

[Gurule92]

Look for loan providers that do better rates for EVs. I got tesla to rate match my loan from DCU at 72 months 1.24% for my model Y in 2022 (before rates took a fat dump).

Idk if they still rate match but if they do, try it. Final loan provided through tesla was through usbank

 

[Kahpernicus]

The fowl?

It's the official cybertruck measurement system.

 

[Ogre]

It's the official cybertruck measurement system.

I‘ll have to keep Comet on a regimented diet now. If she puts on weight or loses weight it bight throw off the metrics.

 

[jerhenderson]

The fowl?

specify Asian or European chicken.

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