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Tesla Lease

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Tesla Lease

What score does Tesla look for when leasing? And what do they pull?

 

Utilization: 30%ish and going down

DTI: 20%ish 

Score: High 6s

 

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Regular Contributor

Re: Tesla Lease

I 'believe' Tesla prioritizes US Bank for their leases.
In that event more than likely TU FICO 8.
Starting Score: (5/01/2017) -- EXP: 495; TU: 445; EQ: 460
Current Score (011/01/2019): EXP: 692; TU: 704; EQ: 674

Target Red - $800
Discover It Cash Back - $2000
Discover It Cash Back - $4000
Capital One Quicksilver - $700
US Bank Cash+ Visa Signature - $2000
Nordstrom Credit Card - $2500


Available Credit: $12,000
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Member

Re: Tesla Lease

What scores do they look for?

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Frequent Contributor

Re: Tesla Lease


@austinnieko wrote:

What score does Tesla look for when leasing? And what do they pull?

 

Utilization: 30%ish and going down

DTI: 20%ish 

Score: High 6s

 

In April 2019 in California, they said minimum 650. Keep in mind, FICO score is not the end all, it's a starting data point. Alliant FCU has a Tesla financing specific option as well. At the minimum, I would shop both (same day).

 

https://www.alliantcreditunion.com/Applications/LOS/TeslaHome

 


 

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