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Can you get a car loan for a Tesla Model S through any lender or only with Tesla?
Do I have to finance through Tesla or can I choose my lender? I want to get a brand new Tesla Model S, but I'll need to finance a portion of the sale price.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You’re always free to choose your lender!
If Tesla is telling you that you must finance through them, it’s simply not true.
Shopping around is always a good idea when you’re financing a
new car
so you can get the best rate possible. It just might be that Tesla has the best rates right now, but that’s not always the case.
Take a look at local banks and credit unions for the best rates, or you can search for financing promotions that lenders sometimes run.
While you’re shopping for financing, make sure you use
Jerry
to get the best car insurance rates for your new ride.” View full answer
- Gregory R.
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