Credit Question

i would suggest waiting until your credit card report this month, and then order. Also if you order from inventory you have to submit the credit app sooner because the pick up window is shorter than when you order from production.

I have already check there isn't one in inventory at my dealer so I would have to order it from Production.

when is the next statement date for your cards ?

Credit card debt is a killer - i would pay off and set budget before jumping on a new lease

They very from the 3rd to the 30th. The 2 with the Largest balance ($30K) are the 17th and 19th.

i would say just wait for those 17 and 19 to report and show on your credit and then order. i don’t think tesla will take the .99 offer down for now. march is the last month of quarter so if anything, tesla would want to keep incentives on to push sales

OK. That is what I am worried about. Thank you!

You are the typical example of someone who shouldn’t be in the market to buy any car. How about you pay off your debt and then think about large purchases.

Why? It may be a better idea to get your finances in order first? That's a LOT of credit card debt.

You have no idea about my situation. I just paid off $60k of credit cards. Trust me I am not broke. I am doing just fine.

I just paid off $60k of my credit card debit. My finances are just fine.

You still owe 25k of credit card debt.  CREDIT CARD debt. This isn't even debt that makes money, like a mortgage ect... It's just haphazard spending. Also your credit score is poor due to that debt. Set a budget, pay off your spending habits, plan for car.  But if you're so set on just moving forward, you should wait to see if your score rises. It's very low right now and you would get a horrible interest rate, since I assume your not buying it cash or putting a large down payment on it...

You’ll be okay. Wait for the new statements and credit score bump. Tesla always pushes out incentives toward the end of each quarter.

Thank you.

Paying interest on a credit card says something different. Having a low credit score says something different. Maybe take some advice.

Bruh. You still have $25,000 in credit card debt which is **INSANE.**

$75k of credit card debt is insane for anyone no matter what their financial situation is. And that’s on top of a $60k purchase of the vehicle.

You need to grab a copy of your credit report and see the date each account was last reported then they’ll be reported about the same date this month and your score will jump on each of those dates. Just did the same with a few hundred k of credit card debt that was killing my score. Waiting for scores to update while Trying to decide on .99% financed new model y or pay cash for used 24/25 one for 10k cheaper.

Thanks. I have a copy of my report. I just didn't want the .99% to go away while I wait for my score to go up.

Yeah me too , checking every few days , I’ve gone from 630 to 680, looks like 720+ might get it done.

And finally someone that understand that Credit card debit isn't always bad. I have made a lot more money using my credit cards than I have paid in credit card interest, but my score sometimes suffers as a result. LOL

>I am expecting a pretty big bump in my score. Hope that's the case for you. It's not uncommon to see balance chasing in situations like this.

Came down to 25k cc debt from 85k and thinks he’s fine, and is going to go back into the pit buying a car he can’t afford 🤣🤣🤣 insane, you would think the first thing you do is get to 0, and then SAVE something so -85k debt never ever ever happens again. But nope let’s go busto buying a Tesla 🤣🤣🤣

Hey! I'm gonna send you a DM as to how Tesla incentives work especially for the .99%, I'm a tesla advisor at my local store and we get questions like this all the time, I'll shoot you a DM

Credit is not always that simple. When you pay off large chunks of existing credit, you run the risk of balance chasing and unchanged/higher levels of reported credit utilization as a result. This may result in your credit staying the same, or even getting worse. Ask me how I know. You need to let the dust settle and see what **actually** happens to your score before making any decisions. This is something that you should have done several months ago if you are planning to purchase soon. If I were you, I would lock something in now and have it ran again if: (1) you do not already qualify for 0.99%; and (2) your score does actually increase.

Some people just have to learn the hard way (I was one of those once).

It is one thing to spend $85k on a credit card that you pay in full every month. It is another thing entirely to carry $85k in credit card debt. Doing that is batshit insane . . . has to be something like $2k per month in interest charges alone.

I would love to see how you came to that conclusion, because carrying $85k in credit card debt probably runs close to $2k per month in interest charges alone. Credit cards are not inherently bad. Carrying credit card debt is always a losing proposition. It is one thing to spend $85k per month on a card that you pay in full every month—you absolutely can "make" money that way. It is another thing entirely to rack up $85k in credit card debt and carry it from month to month.

That's what I'm saying. OPs credit may not change at all, and may even go down as a result. They really need to wait for the dust to settle before they make any large credit based purchase, because it may backfire on them. This is something they should have done several months ago if they are planning to purchase soon.