PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
What credit score do you usually need to finance a Tesla?
What credit score do you need to finance a Tesla? I've had my eye on a Tesla for years now and am almost ready to take out a loan.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Tesla Financing has no minimum credit score requirement, but borrowers with a score of at least 720 tend to qualify for the best rates. In general, anything over 660 is considered an acceptable credit score for a
car loan
.
If your credit score is below 660, you may still qualify for a loan through Tesla Financing, but you’ll likely be required to provide additional information, such as proof of income.
If you’re unable to qualify on your own for a Tesla car loan
, another option may be to consider adding a co-signer
to your loan. This allows Tesla, or another lender, to use the co-signer’s good credit to help you qualify for your loan.
No matter what your credit score, it’s always a good idea to shop around before settling on a lender for your vehicle financing. Borrowers are often able to find more competitive rates when looking at bank loans and credit union loans
as opposed to car dealerships.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies