Tesla Financing: The Minimum Credit Score You Need To Get APPROVED

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  • เผยแพร่เมื่อ 4 พ.ค. 2023
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ความคิดเห็น • 60

  • @Creelyblades
    @Creelyblades 9 หลายเดือนก่อน +8

    Getting approved is one thing, getting the top-tier rate is another. My credit union starts top tier at 780, for Tesla it seems like it is 720+ for the top rate.

  • @jayceasar5549
    @jayceasar5549 ปีที่แล้ว +6

    Dennis, love the content and trying to get a Tesla soon. One thing to note for your viewers when it comes to TENET as I was exited to get qualified through them and proceed with finance is… they will not approve ACTIVE DUTY MILITARY MEMBERS…😢. Good credit and income but because I’m currently serving my country I will not be considered for a loan…

    • @AwesomeBlackDude
      @AwesomeBlackDude 5 หลายเดือนก่อน

      Man that suck maybe go a suitable salvage vehicle?

  • @johntaylor1463
    @johntaylor1463 10 หลายเดือนก่อน +6

    I was denied for Tesla lease on model 3 . Should I resubmit and apply for the loan , or will it not make a difference? Thanks.

    • @janell9487
      @janell9487 5 หลายเดือนก่อน

      What did you end up doing

    • @skillzartz8823
      @skillzartz8823 4 หลายเดือนก่อน +2

      what was your credit score

    • @yumyumArx
      @yumyumArx หลายเดือนก่อน +2

      Did you pay 250?

  • @isaacyoung1868
    @isaacyoung1868 7 หลายเดือนก่อน +6

    my experian says trans union, equifax, and experian are all at credit scores of 720+.. but the capital one credit wise is lower at 620.. idk who's correct..... very frustrating idk who to trust.

    • @mannysilvestre6214
      @mannysilvestre6214 5 หลายเดือนก่อน +1

      When you applied did they use your Experian or creditwise?

    • @isaacyoung1868
      @isaacyoung1868 5 หลายเดือนก่อน

      @@mannysilvestre6214 i don't know.. I think ?maybe? they used "FICO" whatever that means

    • @racerxion88
      @racerxion88 หลายเดือนก่อน +1

      So, credit wise is a vantage score ( this is not used typically) the experian is using fico which is what is used by almost all lenders traditionally. So go off your experian and other scores you saw not your credit wise.

  • @joshx413
    @joshx413 2 หลายเดือนก่อน +1

    700-799 is way to broad of a range to get an understanding of approval odds. Even a 750 can be drastically different in the rates you get from a 700

  • @sevenm5536
    @sevenm5536 ปีที่แล้ว +26

    Bro, you need to do a sound check before you post...these past videos you had have very low volume compare to the ones before...

    • @DennisCW
      @DennisCW  ปีที่แล้ว +2

      thanks haha - this is my travel setup - will be streaming from home today

    • @rickv5004
      @rickv5004 ปีที่แล้ว

      @@DennisCW where did you travel to, and what do you do for a living?

    • @veelack
      @veelack ปีที่แล้ว +4

      I can hear fine….

    • @alexmayer8943
      @alexmayer8943 11 หลายเดือนก่อน

      @@rickv5004 I traveld to Mars and i'm stuck but happy to be here.

    • @internetballet
      @internetballet 8 หลายเดือนก่อน

      It’s a truck to get you to pay attention

  • @chrisjacko1319
    @chrisjacko1319 11 หลายเดือนก่อน +6

    I’m asking because this is my first car purchase and I want a Tesla I have a 700 credit score but don’t wanna put 10%+ down

    • @EoKLabs
      @EoKLabs 9 หลายเดือนก่อน

      Then put 0% down

    • @0alexander062
      @0alexander062 7 หลายเดือนก่อน

      Can you give me tips if you ended up doing it

    • @0alexander062
      @0alexander062 7 หลายเดือนก่อน

      @@EoKLabscan you put 0 down?

    • @calebrogers317
      @calebrogers317 3 หลายเดือนก่อน

      If you are a first time buyer with no other history you will need to put more then20% down

  • @myinhairitance7741
    @myinhairitance7741 11 หลายเดือนก่อน +8

    I wanted to do an application to see if i could get approved for a lease or loan. Does anyone know if the non refundable fee has to be paid before I can simply apply to confirm approval first? I dont want to waste money, $250 if I dont get approved!

    • @allthingshaze4626
      @allthingshaze4626 11 หลายเดือนก่อน

      $250 is refundable

    • @Nyxphie
      @Nyxphie 10 หลายเดือนก่อน

      250 is refundable if you get approved. Now all because you get approved it doesn’t mean it’s going to be viable for you. If you do get approved but the terms are too much for you, you wouldn’t be eligible for a refund.

  • @TopVillain
    @TopVillain 4 หลายเดือนก่อน +4

    If you bought a Tesla 8 months ago you got ripped off 😂 they’re way cheaper now ! 47k for a model 3 is insane I would never

    • @BayareaXotics
      @BayareaXotics 2 หลายเดือนก่อน

      Fr it’s 39k now but some inventory models are as low as 37k

  • @WayneHunt2
    @WayneHunt2 ปีที่แล้ว +2

    I must’ve missed it, but did you ever do your model X reveal?

    • @DennisCW
      @DennisCW  ปีที่แล้ว

      working on a thumbnail

  • @chrisjacko1319
    @chrisjacko1319 11 หลายเดือนก่อน +2

    So first time car buyers should go
    Through Tesla financing ???

    • @chrisjacko1319
      @chrisjacko1319 11 หลายเดือนก่อน

      I’m asking because this is my first car purchase and I want a Tesla I have a 700 credit score but don’t wanna put 10%+ down

    • @0alexander062
      @0alexander062 7 หลายเดือนก่อน

      @@chrisjacko1319what did you figure out?

    • @jameshamrick8565
      @jameshamrick8565 6 หลายเดือนก่อน

      When i applied thru the tesla website they ran thru lenders then gave me the best one

  • @tiko5750
    @tiko5750 8 หลายเดือนก่อน +62

    I got approved with a 540 credit score 1k down for the model 3

    • @jasonyurrrr9994
      @jasonyurrrr9994 8 หลายเดือนก่อน +7

      Hey tiko, are you being serious ? What apr rates did you get, I wanna get a Tesla but today I was reluctant to put the deposit because I wasn’t sure if I’d get denied so would you be willing to share your experience and what your numbers looked like ?

    • @jasonyurrrr9994
      @jasonyurrrr9994 8 หลายเดือนก่อน +3

      I have a 675-655

    • @tiko5750
      @tiko5750 8 หลายเดือนก่อน +1

      @@jasonyurrrr9994 my bad im not sure it a stupid joke

    • @itsprincejay9810
      @itsprincejay9810 5 หลายเดือนก่อน +4

      I bet that interest rate was as high as your credit score 😭💀

    • @dustinmeier9753
      @dustinmeier9753 5 หลายเดือนก่อน

      @@jasonyurrrr9994my credit score was 660 when I got financed for my Model 3 in December 2022. All Tesla financing required $4,500 down. You should be good with anything over 650 if your net annual income is at least equal to the purchase price of the car.

  • @JayBaby-dc3sh
    @JayBaby-dc3sh 9 หลายเดือนก่อน +3

    That pink mic is not cutting it. 😂 stole it from his daughter 😅 room

  • @praws5173
    @praws5173 11 หลายเดือนก่อน +6

    I’m serious and not trying to be mean you need to slow down a little bit when you talk or enunciate more clearly

    • @CM-yy3sd
      @CM-yy3sd 7 หลายเดือนก่อน +2

      I can understand him just fine. Listen a little faster

  • @elicash315
    @elicash315 9 หลายเดือนก่อน +5

    I have an 822 and didn’t have an issue 😂🤣😂

    • @battery_wattage
      @battery_wattage 9 หลายเดือนก่อน

      @@yrcklss24822 on ANY score is exceptional to any bank.

    • @ezingles698
      @ezingles698 7 หลายเดือนก่อน +1

      If you got an issue I have a tissue!

    • @0alexander062
      @0alexander062 7 หลายเดือนก่อน

      Tips to get a higher score?

    • @battery_wattage
      @battery_wattage 7 หลายเดือนก่อน

      @@0alexander062 binge watch multiple videos on how to build credit. They generally say the same thing.

  • @jorgethecoach
    @jorgethecoach ปีที่แล้ว

    Essentia is the worst! Is that the only water you’re drinking?

  • @TheMysticalSpartan.
    @TheMysticalSpartan. 5 หลายเดือนก่อน +1

    Tenet sucks