Loan offer expirations and vin numbers

[Tanky]

It was my assumption that they wouldn’t attach a vin number to my account unless I had an active loan approval. Well I had a loan offer expire already and I started asking questions to my account support specialist and Tesla finance and apparently we should be waiting to apply for the loan until there’s a vin attached to the account.

I feel like the app is misleading because it states “finish tasks to avoid delays”. A part of me does not believe that a vin would populate without an accepted loan offer.

This is my first Tesla so I have zero experience with this.

Would love to hear other people experience with this

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[Makeodds101]

It was my assumption that they wouldn’t attach a vin number to my account unless I had an active loan approval. Well I had a loan offer expire already and I started asking questions to my account support specialist and Tesla finance and apparently we should be waiting to apply for the loan until there’s a vin attached to the account.

I feel like the app is misleading because it states “finish tasks to avoid delays”. A part of me does not believe that a vin would populate without an accepted loan offer.

This is my first Tesla so I have zero experience with this.

Would love to hear other people experience with this

I made the same mistake, my loan is a 90 day loan so hopefully it doesn’t expire. Also my first Tesla as well.

 

[Cybertruck2024]

Tesla told me not to apply until they said the VIN was ready. If you're an AWD order, I imagine there's a good chance the approval will hold until delivery. If you're a Beast, it will expire well before the delivery.

 

[mark555055c]

Yeah. seasoned Tesla buyers will know to not start the financing process or to insure a vehicle until a delivery date is set. Typically, vehicles are delivered within 60 days, so the app order flow steps are designed for that, so this is usually not a problem to complete the financing step early.

This is a bit of a special case with the CT. Tesla could and probably should tailor the app steps for orders of vehicles that are in initial production or have long order to delivery times.

 

[HelfFL]

I made the mistake and my loan approval expired 2 days before delivery. I had to re-apply, but thankfully, I got slightly better terms than the original approval.

 

[dandor]

I made the mistake and my loan approval expired 2 days before delivery. I had to re-apply, but thankfully, I got slightly better terms than the original approval.

Mine as well and it was almost 1% lower. The credit hit was very minor running two hard credit checks. A few points for me.

 

[T-1000]

Mine expired at 60 days about a a week and a half ago. Didn’t reapply until today, when I got my VIN.

 

[Rook-E]

My offer expired last week, I had planned on waiting until VIN assignment to re-apply.
While waiting, I decided to change my trade-in status to yes. I have a 2019 Chevy Colorado ZR2 but was planning to sell privately because Tesla lowballs offers. However, I wanted a baseline cost since I get a sales tax reduction on trade in.
Anyway while filling out the trade in information, I get a text saying my financing is approved?? Super weird because I never hit the resubmit button.

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