Tesla credit decision pending reddit

Tesla credit decision pending reddit. This was about 10 PM EST yesterday. ) I ordered on 5/20 and still no vin and my credit decision is still pending. I already filled up everything insurance related, and when I click on View, I can read "if your vin or delivery date changes, call blabla to update your policy". 0 does not have any games or streaming services. Submitted them in a few minutes. 12%. Joepen1. 166. Send a credit application to the potential transferee from your Tesla Account or the Tesla app. At this point, I will just get it delivered and get the incentives next year and forget about constantly checking with Tesla associates regarding POS incentives. Ally Customer Service: (888) 925-2559. 0 can be upgraded to FSD, though there are slight differences in camera quality vs 2. But I have no clue how teslas financing works either. Unfortunately for me, I was applying for the membership on 5/9 and have not started the loan application yet : (. Their mission is to accelerate the world's transition to sustainable energy. " This has the new battery requirements that some Tesla models will probably (or potentially, depending on who you talk to) not meet and that's why the full $7,500 credit might not be available for 2024 deliveries. What do you recommend? Is there a way to once you preorder, process payment through a credit union? Or what do you recommend? Thanks. Tesla. I submitted Tesla financing days ago and seem to still have my application stuck in pending on my profile. Bank of Montreal: (844) 837-9228. This is correct. SkavM3. I spoke to the showroom rep and she said that as long as we've placed in the order and put in the credit request before the 31st, we should be good for the promotion rate. 4s and 5s are currently impossible. Hello, I hope you're well. Ordered May 28th. So far, Tesla is $20,000 - $30,000 less expensive than similar system quotes I've received in Minnesota. May 3, 2019 · Tesla Auto Loan. When can I expect that approval? There should be no issues with financing as I’m putting $45,000 down and my credit is very good. SolarPanels. 49% (6 year) and USSFCU is 4. You might have better luck if you can increase your down payment. 4. First got message "Your model Y financing is approved", but when switched to Financing tab see message "Credit decision pending". ’ COLORADO BUYERS GUIDE - I PURCHASED MODEL Y 7 SEATER FOR $25,990. If you are under income limits, the credit is literally transferred to Tesla and uses their tax liability, which I’m sure is enough. But I wanted to check the cost breakdown, so I clicked change and just proceeded with financing options, but didn't make any change. Request a transfer date. Rates are crap Expand user menu Open settings menu. I financed 60% of the total amount and 40% was supposed to be down payment. Probably about 18-20 days from applying to receiving the card. I reached out to guy at Tesla and he said let’s just wait a little bit for now and I’ll have answer by early next week. It looks like we will not have clear answer about 2-3 weeks from now. Has anyone else got this? This was on Friday afternoon and I still haven’t heard anything. Open menu Open navigation Go to Reddit Home. A few weeks ago, I placed an order for a Tesla Model 3 Long Range. 1/ If the person does not pay taxes (meaning their earnings were below federal poverty line - which I think is currently around $24,000 per year. still waiting for IRS notice to know the reason… this is insane…i sent email to Tesla 3 days ago to ask if they report Oct 12, 2023 · October 12, 2023. So this would mean that in two situations, a person would not be getting the $7500 tax payments reduction. bilalsattar24. I got Wells Fargo, my wife got Chase. Nov 8, 2023. They produce vertically integrated Hi everyone! My application to Stetson changed to pending decision today after being under review. Or just go to your own bank of choice. For people interested in Tesla electric vehicles, there has been a lot of confusion and uncertainty around whether they will qualify for the full $7,500 tax credit from the Inflation Reduction Act (IRA). I applied yesterday with 760 credit score, and I got the message saying that they were going to review my application. Started my financing yesterday at 1:00 pm. If you have too many hard inquiries on your report, some lenders may refuse to approve you for a loan or credit card. Tesla delivered vehicle to me without full payment. With all that being said, it’s probably time to check with your local credit unions, they may be slightly more lenient on loan approval. Once you get the financing set up and autopay enabled, it's not like you really have to deal with them anyway. S. Altruistic-File9004. Please wait you will hear back soon. Your finance contract outlines the name of your financier. Placed my order last night, $20k down, 700+ credit score and “credit decision is pending” I thought this decision would be instant. Not normal, auto credit approval is typically same day. FI connect stated approved when I called them but pending Tesla to update. 0 for $2500. You will be transferred to the correct department Welp, it is now day 3. Get all the way to the amount they can offer, and boom, the last one today said that they denied me based off of credit history. Though filled with anticipation, the “Tesla credit decision pending” stage is integral. The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. I have someone else with 720 that could do the loan as well, but they have a bankruptcy within the last few years so they wouldn't be great either. I left message in "Messages", but no response yet. 720-750 would be tier 1 credit at most legacy captive finance arms. 9k and Deserve 2. Aug 10, 2019 · 15. I contacted Tesla and asked them when I’ll know if my credit application has been accepted, to which they said: (in their exact words) “Closer to your delivery date as of right now everything will be on standby. 99 or even 2. If your credit score is below that, you may face a higher risk of rejection or a higher interest rate. Will I get approved by my Wednesday delivery? comments sorted by Best Top New Controversial Q&A Add a Comment Purchase in UK, I got approved for pcp by my provider. In my account, it still says “Credit Decision Pending” but I have a listed estimated delivery date of October 14–23. That rises 10% every year until it hits 80% after 2026. Pending credit status. #2. I’m Canadian, if Just don't do any large purchases on a credit card before then. Tower Federal Credit Union. If I remember correctly Tesla is able to honor your approved application for 8 weeks. Let’s just say it was underwhelming…. I thought this process takes about 5 minutes? Credit Decision Pending. Supposedly tickets have been placed to expedite it but that hasn’t done anything. When does the Insurance task show as complete? I already completed all tasks except Accept Delivery, but I can see the Tesla Insurance not in complete state. If you do manage to get approved for a loan, the interest might be high. Mar 12, 2020 · 250. trixxyhobbitses. For cheap loans you might find 5. I hope nothing changes cus I’d be really annoyed. A pending decision is better then being on a waitlist and way better then being rejected so keep your fingers crossed. This is getting old real quick. All paid off, no balances at time of Tesla credit application. Ordered MYLR yesterday. Y’all are owners, y’all have gone through the process. Their mission is to accelerate the world's transition to sustainable anyone else have their mcgill application status as decision pending? is it like a wait list? and does anyone know my chances of getting in? Pending Decision Approval. In app itself I cannot complete my V5C since credit decision is still pending. Royal Bank of Canada: (800) 769-2511. Because of a new announcement from the US Treasury that was released on 12/19/2022, the Tesla Model 3 RWD (title erroneously says LR), Model Y Long Range, and Model General. But the stories I'm reading on Reddit have me wondering if all the savings is worth the potential frustration and issues that seem to be plaguing those who have recently installed POS update from one of the Tesla Associate. 49 will save thousands. And you may have to provide a significant down payment before getting your vehicle. I called them today and bingo! Status changed today to "Pending Decision Approval" : r/VeteransBenefits. You can find a copy of your contract in the ‘Documents’ section of your Tesla Account along with other documents. My credit is 730-737 approx Has anyone else applied for financing via the website and it said this? Thanks in Skip to main content. Zero late payments 1% utilization Credit limit total: 11. Went home and filled out the lease application. It really all depends I feel. That is what is weird because I am seeing the submit credit app which seems like they didn’t get the app I submitted which is not the case. 99 as the cheapest offer on a 5 year. Stop buying shit until you improve your score. But the way Tesla is doing it is very different and so the only real way to find out is to pay the $250 order fee and give it a go. Yes, you can have a co-signee like any loan. Going on 10 days. Sorry to say, your options may be limited. I was approved two weeks ago for 2. Their mission is to accelerate the world's transition A week for membership to process. Also, at least 50% of the value of Say you take out a 55k loan for 72 months at 2. 5k) Income: ~180k No card applied for in last 24 months Hardship, Delinquency and Additional Support. r/TeslaModelY A chip A close button A chip A close button Yes, it matters, but we’ve seen several 720-750 people get offers of 8% or higher. Stay informed, be patient, and maintain open communication with Tesla. Tesla motors club has a updating spreadsheet for current rates from different credit unions which people are getting. Good to see leasers can get the full $7,500 tax credit. Jun 4, 2020. Difference is less than $10 per month for me. Note that for subsection (b), make sure to scroll down and read the new version under "Amendment of Section. Their mission is to accelerate the world's transition to sustainable WF Propel Pending Application. I see 3 inquiries on my report. #1. 5. ADMIN MOD. BillyCessna • 9 mo. This is a terrible process, but so is a lot of Tesla these days. Two days later my Tesla account showed credit The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. AP2. BMO Customer Service: (888) 340-2265. We still haven't gotten anything for our Y yet, but I haven't filled out the credit approval yet, don't want to take a hit and then another if its delayed. Is my application for financing rejected? Hi so I have a similar question I’m waiting for my credit to get checked but I already got a vin number and estimated pick up day so does Hey, I’m going through the same situation now. My status checker for Kentucky says “decision pending” as of 1/20. Checked the VA tracker extensions on Google Chrome and I finally hit Pending Decision Approval. #575. MCU 1. I applied about a week ago. I went ahead and filled out the application because this might be my only chance. Dec 14, 2019. Even if you don’t qualify for the tax credit, a 2024 Model Y Long Range is $44000 from inventory. Here is my story in case it is helpful: Started the process to make my account on 1/26/23. Everything you need to know about the IRS's new EV tax credit guidance | Electrek. If you don’t hear from them within a few days of the application, talk to them and see if they need additional information. is an energy + technology company originally from California and currently headquartered in Austin, Texas. . I went with the local just for the better deal, plus if I do ever need to go talk to someone for any reason, I can. Tap ‘Financing. I wonder if selecting "cash" makes a difference. got denied by 3 different credit unions. Applied for auto loan on 1/29/23. ago. I have a 820 score and haven’t opened a credit in I applied for financing and the app was showing decision pending. Tuesday I went into my local Tesla store, and got them to assign me one of theModel Y test drive models. It pays to shop around. 99% through a local credit union. I applied this morning and the app asked for proof of residence. Credit decision was still pending until afternoon of today 5/31 when delivery date is tomorrow 6/1. • 5 yr. Chase won’t let you apply for a tesla loan online but you should be able to in branch. The check from my lender was processed by Tesla one day before delivery. Congrats!!!!! 🍾🎉🎊 And I have to say your lucky! I was denied by Tesla and I have a credit score of 720 I was then approved by a credit union cause they gave me the lowest interest rate of 3. Tesla will give you a credit decision within a few minutes or two days. ’ Tap ‘Lease Details. They produce vertically integrated r/TeslaModelY. 8 business days later, their loan processor still hasn’t gotten around to cutting the check. 2/ If the person earned income > $300,000 dollars. It seems like a lot of people on here have said it takes a few minutes but it’s been probably 12+ hours and I haven’t heard anything. If your information has changed or your credit approval has expired, you may resubmit your credit application. My delivery took longer than the "2 weeks estimate" I was provided when I ordered at the end of Sept. My credit decision has been pending since may 20th. MembersOnline. So I’ll start by saying my credit isn’t the best (664) and this is the first “big” car loan I have applied for (29 year old female). I was told they are so swamped that the applications are processed based on priority/delivery date. SoCal. Your dream of owning a Tesla is within reach, and knowledge is your key to success. 99% few minutes ago. ” Credit Decision Pending Your credit application has been received. Eventhough 40% payment was pending, somehow Tesla app showed amount as fully paid . Sometimes Tesla does a rate match and will send you a check if you find a lower rate your approved for. 161K subscribers in the TeslaModel3 community. Well 24 hours…. My wife did hers today. I’m still waiting on approval and I’m wondering if this is normal. My delivery date is Wednesday afternoon ( 3 days ) and now my payment went to “ credit decision pending “. She was nice and said they had been slammed. Call the status line tomorrow and see if there’s any updates. I applied online for the card and I got a response that they “needed to verify a few pieces of information before we can give you a credit decision “. Hey! Maybe this will offer some comfort. Is there EST customer support number I call about this? All other numbers I've tried seem to be on East Oct 15, 2023 · Understanding the credit decision process is paramount in the pursuit of owning a Tesla. This year's application cycle is obviously very slow so do not panic at all. Expect 4 hard hits on your credit when the several banks run your info. While not exactly what I wanted, there was no way to let them know this was how I wanted to do the financing. 99% financing from Tower Federal Credit Union. Yeah you’ll definitely get approved. Yesterday, Thursday, I scheduled pick up for this coming Wednesday, June 9th. 8 from some credit unions, but we have stellar credit (820+), no debt other than a mortgage that is very cheap for our income, have actual income in the low-mid 6 figures and still only got 5. In my case I subtracted 2k in tax credit from Teslas value to arrive at what they offered for my MRLR. It’s vital to know that there isn’t any pre-approval process for Tesla financing. Tesla has sounded the alarm bells once again regarding the potential reduction in the federal tax credit. I ordered a model 3 Monday this week and was approved for financing the same day but didn't accept because I was unsure of how much I would be putting down and if I was trading in my model S (tesla only ended up offering $15k for it so that was a no). Ordered an inventory MYLR last night because of the financing promotion but still haven’t gotten a decision on my loan. ) I have an over 800 credit score as well. I ordered the vehicle 8 days ago. I made a post here regarding me applying for the propel card a couple hours ago. Still shows pending. Day 3 and I still have my lease application saying “Credit Decision Pending”. Got out in August 2023. Then when the trade was approved, they deducted that from the down payment. 650 is bad. Robux credit pending Account Help I’ve received a message from Roblox saying I have Robux credit pending as something I bought has been removed, when I go to accept the agreement I press agree and then the agreement doesn’t disappear just asks me to agree again, I’ve done this many times and it hasn’t worked. Available credit: $7K (b/t two credit cards, Apple Card and PayPal). Anyone know when I could expect to hear that decision? Thanks! I got my decision like a day after my status changed to pending decision. Credit Decision Pending? Placed an order around 3 PM today PST. Final rules are: This year, at least 40% of the value of battery minerals must be mined, processed or recycled in the U. Log In / Sign Up Pending Decision Approval! Edit: *** after a few more clicks, I have learned they have finally added on an increase for something they missed the first time. I got 5. Every 30 days, that cloud full of all the referral codes from the prior 30 days is uploaded into the Tesla network and then applied appropriately to each account. I think you should be safe. Sep 14, 2022 · 426. I’m 800+ so I thought it would be a no brainer. Now the app / website doesn't show the pending application, but is showing start financing option only. I'm looking into adding solar panels to my roof. To initiate the lease transfer process from the Tesla app, follow these steps: Open the Tesla app. Next day from applying for credit approval. Called (on hold for 40 minutes) and spoke to Jackie on 1/30/23. I applied online and got a message that’ll I’ll receive a decision via mail in a certain timeframe (5-7 or 7-10 days I don’t remember now). Credit History: 3 years total for all accounts Student Loan: $45K, only two years of payments so far. As for resubmitting, the Tesla sales rep I talked to said it should be about 2 points off your credit if you start again (I was gonna change my order). I sent a message via the Tesla app and also haven’t gotten a Yeah, everything is check marked across the board. Today I decided to contact chase by Twitter and they gave me this number to call : 1-888-609-7805. Might have been longer actually. Share your Tesla story! Tesla is finally passing down the $7,500 EV credit to lease deals. Delivery has been rescheduled 2 times now. See r/TeslaLounge for relaxed posting, and user experiences! Tesla Inc. VA Disability Claims. There is no Tesla financing. Tesla's Model 3 is expected to lose half of its tax incentive. I have completed literally all tasks and am just waiting for the credit application. She isn’t answering her phone extension or returning voicemails. Give it 30 days from purchase at the absolute worst/longest possible waiting time. By Kevin Armstrong. 0. Your income is another key factor that influences your Tesla financing approval. 0 with FSD, and have the upgrade completed by Tesla, it is considered AP3. I had to give them no down payment nothing like you I just had to pay taxes and stuff. Exactly as title says, It's delivery time soon, applied to credit unions after paying off all credit cards, 710,708,713. I already got a hard pull on my credit. I don't have the best credit (751) and my trade in is $20,700. You can verify that in the payment section of your Tesla account. Credit/loan decision. r/teslamotors. Tesla just sends your App to several banks and then bring you the results to choose from. 1. Scotiabank: (844) 320-6431. You could talk to them sooner if you don’t want to wait. Good luck! When did you apply? New comments cannot be posted and votes cannot be cast. So, they combine the trade value and add the sales credit to give you a trade credit price. And my parents always want me to make sure that I'm getting a good deal on something. So Tesla is looking out for you. 99% (6 year). Hi, i had an accountant filed mine February…Generated my form 15400 2/13/24… got delivery of my tesla on Jan 18,2023… got my refund this week but IRS adjusted my original refund amount removing the EV credit $7500…. I feel like I’m being impatient, why won’t it update so I can see the approval in the finance tab. 3. I did 0 down, 0. Few minutes later text from Tesla that licence plate had been assigned, with a request to complete remaining tasks. 227. I recently applied for Tesla financing with my oldest credit line being 3 years, 705 fico score, 100k income after tax, and 4. As the year-end approaches, potential buyers may want to make a decision and possibly save some money, as there may be a significant This was the same last year, you could have used 2022’s AGI. The 30 day response is pretty common. The transfer date cannot be less than seven days from the current date. Capital One Customer Service: (800) 946-0332. I charged my Tesla PV+Battery system for $35K to get the $700 cash back with the full intention of paying off the card when the bill came and it caused my 840 score to drop by 85 points due to increased credit utilization which is a major component of credit scores! Yikes!! Login back to tesla account and you should see it. I first submitted my claimed April and it got approved end of July and my estimated approval time was pretty accurate it actually got approved about a week before it’s estimated approval date and same for a friend of mine. Good luck everyone!! Rates have gone up recently. Contact your financier directly if you’re having trouble making payments. Getting 1. (I previously emailed them about it, and then I spoke to VERA about it a few weeks later. (Or any other date that the law changes the requirements. I donated to TowerCares and opened savings account. Is that normal or bug in the app? Tesla financing usually looks for a good to excellent credit score, which is normally above 700. It's a pretty idiotic system, but that's what we have. Tower Credit Union - financing stories. Your income is low. I have seen it take 24 hours to almost 3-4 days. Reply. I was a little hesitant about it because the price has been increasing, there's competition in the market from the BMW i4 and Polestar 2, and Tesla no longer qualifies for an EV credit. Has this happened to anyone. 24% through Tesla, 2. So I have been I. Application went into decision pending state right after it and received approval for 0. Thats what I was thinking, even with my crappy credit. Chicago. 99%, that it still over $5000 in interest paid over the life of the loan. Credit Score: 736 maxed out at time of credit application. Credit Decision Pending so I called and they told me that I got approved for leasing and not for financing. Most people are having better luck than me though, I ordered the Y Long Range with AWD, 7 seats, white exterior, white interior so that might be why mines taking longer than most. •. If you buy a AP2. It took around 6-7 weeks total and they were able to use my original credit application. And Tesla terms your trade value as “trade credit”. 34% through Tesla financing (Wells Fargo. It did end up taking about a week for a decision and another 7 week to get the card. So most likely you’ll know the results like 24 hours before hand. So, long story short, I applied with Alliant in December to finance my Model Y and was approved for 80% financing. It’s been 24 hours, I called Tesla and they said I…. • 10 min. 24. 0 has many documented problems but can be upgraded to MCU 2. Credit Application Pending. We will contact you with the credit decision and terms. frankvb said: If the tax credit changes, it won't be for model year 2024 MYs (though Tesla doesn't really use model years as other car manufacturers), but for a sale happening after January 1, 2024. Just got in touch of one of the Tesla associates. This is my first claim. A forum for discussion of the Tesla Model 3 Electric Vehicle. Current Tesla rate is 5. or countries with which it has trade deals. Jun 9, 2020 · Michelle_eriw said: I think that with that large a downpayment, you have a very good chance of getting approved. Sort by: Add a Comment. r/VeteransBenefits. My delivery date is the 30th so maybe that’s why it isn’t processed yet. 5k down payment. Anyways when I submitted everything I was greeted with a message saying “we need to verify a few pieces of information before we can give you a credit Relaxed area for all-around discussion on Tesla. 4k (Discover 8. 200 upvotes · 136 comments. Credit History: ~ 3 years Cards: Discover IT, Deserve Edu ( both are atleast 2 years old) Credit Score: 780 according to Credit Karma and Discover FICO is 793. New Jersey. This is the official Lounge for r/TeslaMotors. On the app it stills says pending so… Oct 10, 2023 · Step 4. When a situation happens when you want to change the terms of the loan after approval, call up Tesla and ask. Hey guys, I’ve been searching info everywhere about to make the best financial decision when acquiring a Model 3. 99% at 700+ credit score so there should be no reason for you getting declined. Feb 8, 2016 · These hard inquiries stay on your credit report for 2 years and will at first reduce your credit score. When I talked to VERA, I said I would rather them make a decision on the other things and defer Getting the car Monday morning. Okay, that’s fine since I had the cash to put a 20% down payment and really wanted the car. Tesla is definitely getting slammed right now. I’ve signed the documents needed. I was wondering how long it took to hear back once you get that update? Hopefully soon so I can stop checking my status & LSD every 10 minutes 🤞🏼🤞🏼. Then call if it's still not there. SA says they Currently for the loan is says “Credit Decision Pending” how long does this process take. Tesla just needs to allow lease buy outs now and they will be all set. The only thing that isn’t is the credit. I'm debating if I should continue with USSFCU considering their slowness Wells Fargo Autograph Card - Pending Decision. bi qb zw vd ie mb jo be dc mh