Tesla Financing

Great Rates for Financing Your Tesla

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Financing your Tesla

Buying a Telsa is unique from other vehicles, as is the financing process. To make the experience easy for our members, we have outlined the process below with a step-by-step guide to financing your Tesla.

Please note: This refers to vehicles purchased directly from Tesla / a Tesla dealership – if you are not purchasing directly from Tesla you can reference our electric vehicle loans.

Step 1: Shop for Your Vehicle

If your vehicle is in inventory:

Apply to get preapproved today

Your preapproved rate is valid for 45 days

If you’re waiting for delivery:

Apply for preapproval within 45 days of your delivery date

Step 2: Become a Member of Clean Energy Credit Union

Complete our membership application to become a member of our credit union. Please allow 2-3 business days for the membership process to be completed. Learn more about membership here.

Step 3: Review and Complete Your Loan Documents

Verify your personal information. Do not alter the check or the Closed-End Note, Security Agreement, and Disclosure document.
Sign your name where it is indicated at the bottom of the Closed-End Note, Security Agreement, and Disclosure document. If more than one name appears on the document, it must be signed by all parties named.
Retain one copy of the documents for your records.
E-Sign your document through DocuSign and it will immediately be sent back to Clean Energy Credit Union.

Step 4: Fund your Tesla

Funds for your Tesla will be sent via FedEx 2-day shipping

Funds are sent Monday – Friday only, so please plan ahead

FedEx overnight shipping available for an additional fee (dependent on location)

Are you a current member who has financed a Tesla with us in the past? Contact our team to learn how the process may have changed due to changes in Tesla’s buying process.

Today’s Rates

Electric Vehicle Loan Rates
Loan Type	Min/Max Loan Amount	Term	APR as low as
¹ Clean Energy Vehicles must be either all-electric or plug-in hybrid electric. ² Visit your state DMV website to view state-specific requirements and fees. If Clean Energy CU exercises its right to file for the lien- recorded title, you will be responsible for any filing fees. ³ Vehicles are considered to be used vehicle if they have 10,000 miles+ or are model year 2022 and older. Maximum age for a used vehicle is 8 years old. ⁴ Rates shown include a 2.00% discount for automatic loan payments. ⁵ Add 1.00% to rates shown for electric motorcycles, and add 0.50% for loans that exceed 100% loan-to-value. ⁶ Rates shown are lowest possible rates for qualified buyers. Rates may change dependent on credit qualifications, underwriting factors, and loan characteristics. ⁷ Residences in certain counties and states may be eligible for a 0.50% rate discount, learn more.
Loan Type New or Refinanced Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $125,000 up to 110% Loan-to-Value	Term 4 years	APR as low as 5.74%^{3 4 5 6}
Loan Type New or Refinanced Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $125,000 up to 110% Loan-to-Value	Term 5 years	APR as low as 6.24%^{3 4 5 6}
Loan Type New or Refinanced Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $125,000 up to 110% Loan-to-Value	Term 6 years	APR as low as 6.64%^{3 4 5 6}
Loan Type Used Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $125,000 up to 110% Loan-to-Value	Term 4 years	APR as low as 6.24%^{4 5 6}
Loan Type Used Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $125,000 up to 110% Loan-to-Value	Term 5 years	APR as low as 6.74%^{4 5 6}
Loan Type Used Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $125,000 up to 110% Loan-to-Value	Term 6 years	APR as low as 7.89%^{4 5 6}

Got Questions? We’ve Got Answers.

First, see if you’re already eligible to join Clean Energy Credit Union by being a part of our “field of membership,” which currently includes:

A member of one of the following organizations:
An employee or volunteer of one of the following organizations:
1. Clean Energy Credit Union
2. Our Climate
3. 350 Colorado
A member of the immediate family or household of someone who is eligible via one of the above options or of someone who is already a member of Clean Energy Credit Union

If you’re not already eligible to join Clean Energy Credit Union, you can consider joining one of the above organizations. On your membership application, you can request that Clean Energy Credit Union sign you up for a membership with the Solar United Neighbors free of charge or request that Clean Energy Credit Union sign you up for a one-year membership with the- American Solar Energy Society and deduct the associated $10 membership fee from your opening account balance. Click here to learn more about the field of membership partner organizations listed above.

After confirming your eligibility, you would then open a “share account” (i.e. savings account) with a $5 minimum deposit which would serve as your ownership share in Clean Energy Credit Union. Once someone becomes a member of the Credit Union, they are a member for life. Click here to join Clean Energy Credit Union.

In case it helps, here’s some background on what a credit union “field of membership” is: although credit unions provide similar services as banks, they are different from banks in many ways. For example, a credit union is a not-for-profit, financial services cooperative that exists solely to serve its members and to fulfill its mission, whereas a bank exists to maximize financial returns for its stockholders. Another difference is that a bank can serve the general public whereas a credit union can only serve its “field of membership,” which is defined by regulators as the people and entities that are legally eligible to join the credit union. Ultimately, a credit union’s field of membership is comprised of one or more groups of people and entities that all have something in common that binds them together in some way. Many credit unions have a field of membership that includes people who work for a certain employer, or who live in a certain geographic area, or who are members of the same professional association or religious organization.

No, our auto loan rates are the same for Teslas as they are for other EVs.

When financing a tesla through Clean Energy Credit Union you are still receiving an EV loan just as you would with any other EV and your rate is the same as other EVs. The differences lay in the way we process the documents and fund the loan.

For security purposes, we require that funds are mailed for Tesla purchases.

You can apply for loan preapproval at any time, but keep in mind that your preapproval expires after 45 days. For some ev purchases that may be an adequate amount of time while other manufacturers can have longer waitlists. We suggest you do your research prior to applying to ensure you have an idea of the timeline you’re on.

Yes, a $60 fee applies for sending your check via 2-day FedEx shipping to Tesla. If you choose to have your check sent via overnight delivery additional fees may apply depending on location.

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Considering another type of Electric Vehicle?

Clean Energy Credit Union finances new and used all electric and hybrid plug in vehicles from most manufacturers.

Learn more about our EV Financing Options

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