AdelFi understands the needs of current and future Tesla owners.
Whether you’re purchasing a brand-new or used Tesla, thousands of Tesla owners have financed and refinanced with us. At AdelFi, we give you the tools to drive away in your next dream car or refinance one you already own. We’ll work with you to find and provide the loan with the right terms and rate to fit your lifestyle.
New Tesla Loan
Accelerate with terms up to 84 months✝
Used Tesla Loan
Grab the keys to a Used Tesla with terms of up to 84 months✝
Refinance Tesla Loan
Increase your savings by refinancing your Tesla loan
Tesla Auto Loan Rates
New Auto Loan Rates*
| Term | APR1 |
|---|---|
| 36-60 months | As low as 5.95% |
| 61-72 months | As low as 6.35% |
| 73-84 months | As low as 7.15% |
Used/Refinance Auto Loan Rates**
| Term | APR1 |
|---|---|
| 36-60 months | As low as 6.45% |
| 61-72 months | As low as 6.85% |
| 73-84 months | As low as 7.65% |
Working with AdelFi means you're working with a lender who understands your needs and the benefits of a timely decision.
- Low rates: Save on monthly payments by refinancing at a lower rate
- First payment within 90 days2: Don’t worry about a payment for a few months
- Apply in only 10 minutes: Easily apply and submit all required documents online
- Zero fees and no prepayment penalty: No need to worry about extra fees or submitting early payments
- Longer terms: Extend the length of your loan to lower your monthly payments
Already a member? Click here to apply.
Tesla Auto Loan FAQs
Is membership required?
Yes, membership is required. If you are not a current AdelFi member, please note that the membership application is included in the online loan application. You do not need to apply for membership separately from your loan application.
What proof of income forms are required?
Please submit your most recent paycheck stub along with your Last paystub reflecting YTD for 2023 or W2. If you are self-employed, we need the last two years of tax returns proving income.
How many days does it take to receive funds from the time I submit the application?
Allow five (5) business days from start to finish:
- Day 1 Initial Application Reviewed and Pre-approved
- Day 2 Loan App and Membership App Documents Requested
- Day 3 Documents Reviewed
- Day 4 Loan and Membership Approved. Loan Documents Signed
- Day 5 Funds Wired or Mailed
How do I check the status of my application?
Once you submit your application, you will receive your portal for communication with our team. To check the status of your application, click here. You will be required to provide your last name, the email address used on your application, and your Social Security Number or ITIN. You can view your loan status, message our team, and upload documents using this link. Using this link to respond to messages and provide requested documents is very important.
How do I begin the application process?
The online application is a single application for both membership and loan and should only take 10-15 minutes to complete. AdelFi will send an email confirming that we have received your membership and loan application. You do not need to apply for membership separately.
What can I expect when applying for a used or new vehicle?
- First, complete your loan/membership combination application online.
- Once completed, within two business days, you will receive a preliminary decision via email.
- If you are not a current AdelFi member, please note that the membership application is included in the online loan application. Once the application is submitted, you may be asked to provide further documentation for membership before funding can be completed.
-If you prefer to wait on membership, you can request (in the online application) that membership be contingent upon the approval of the loan. Once the loan is approved, the membership portion of the application will proceed to process, and you may be asked to provide further documentation before funding can be completed.
-Please note: You do NOT need to apply for membership separately from your loan application. - If the loan application is approved, you may be asked for further documentation, such as proof of income.
- Please see email notifications for requested documents. Click here to check your application status, upload documents, or message AdelFi.
- Your preapproval letter locks the approved rate for 30 days while you shop.
- After selecting your vehicle, you will need to provide AdelFi with a copy of your purchase order.
*Once all stipulations requested in the email have been provided, loan documents will be sent for your signature. - Lastly, you will sign your documents.
- A loan specialist will review your application and documents and contact you if anything else is needed before funding can be completed.
- Funding will be sent directly to the dealer via wire transfer or check as requested.
- Confirmation of wire transfers is sent to your email by 5 PM (PT) on the same day the funds are sent. Checks are sent via courier. Please let us know if you need an image of the check and tracking information.
What do I do if I need to provide additional documentation for my loan request?
To provide additional documentation, click here. You will be required to provide your last name, the email address used on your application, and your Social Security Number or ITIN. When logged in, select the arrow icon and follow the prompts to upload your documents to the respective loan or membership account application as requested.
Expedite your Tesla Loan Process:
- Drivers License: Standard requirement
- Proof of Insurance: New vehicle does not have to be on the policy yet
- Proof of Income: Most recent paystubs
- Motor Vehicle Purchase Agreement: Section 5D needs to be filled in with AdelFi Credit Union
Bank on a better future with AdelFi.
We are a financial institution composed of believers with a shared faith in supporting the spread of the Gospel. Membership means joining a community of 10,000+ other believers who’ve put their money where their heart is. Whether you’re starting a family, running a business, or serving a non-profit or ministry, AdelFi has products and services that align with both your financial goals and Christian values.
Savings
Competitive interest dividend rates that allow you to earn more while supporting Christian causes.
Lending
Loans that support your needs and help to spread the Gospel.
Giving
Supporting financial stewardship while giving back 10% to Christian-value-aligned organizations.
Auto Rates Effective: April 11, 2023
AdelFi finances loans nationwide, excluding Pennsylvania.
A $25,000 auto loan for 60 months with a 5.95% APR equates to an estimated monthly payment of $482.74. Actual payment will vary based on the total amount financed.
✝All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice and are based on your credit history and approved loan amount and term.
* A new auto is a vehicle whose model year is up to one year older than the current calendar year or newer.
**A used auto is a vehicle whose model year is more than one year older than the current calendar year and has had more than one owner.
1 Rates published are Annual Percentage Rates (APR). Rates start as low as the published rates. Your actual APR may differ based on your credit history, approved loan amount, and term. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. For current rates, call Member Services at 800.325.4652.
2Interest will continue to accrue from when the loan is funded until the first payment date. For example, if you choose to make your first payment 90 days after the loan is funded, the amount of interest that will be collected is from the loan funding date to the date the first payment is made.
