V.I.N. # Problems with bank financing

V.I.N. # Problems with bank financing

My bank FIFTH THIRD Bank in Florida approved my financing $50,000 2.78% but will not release any funds because they cannot find the V.I.N. # in any data base anywhere and they are saying if it is not published in on any site it does not exist , so I have to pay for the car with my own personal funds and when the V.I.N. Shows up on some mysterios site they will finance the car ???????

DTsea | October 31, 2012

Call the Tesla sales guys. I seem to recall they had some banks online, maybe?

Or you could just try another bank. Or better yet a credit union.

If you can just BUY the car, though, that is a better deal than borrowing, the way investment returns are these days...

BYT | October 31, 2012

If that happens to me, I'm in trouble because I don't have the cash laying around to cover the $50k that I would need to cover the balance on my Sig P85

ak-tually55 | November 1, 2012

No problem. I know that Alliant Credit Union finances Model S at 1.99% with great credit or at higher APR with lower credit. Anybody can join. I am sure there are others as well.

Captain_Zap | November 1, 2012


It depends. With an election year upon us, cash may be king again soon. So, I'm hanging on to it until I know whether we are staying the course or changing horses.

Who knows how people will respond if there is a change in course. I know that I will pull back significantly and watch for a while if there is a change.

disabledalarms | January 25, 2013

Has anyone been approved at Wells fargo for the Model S??

olanmills | January 25, 2013

Didn't cause a problem with my bank, but it did cause a minor problem with my insurance.

After buying the insurance online, I got both an email and letter telling me that the VIN number was invalid and that I should update it as soon as possible.

I verified that the VIN I entered matched the one physically on the car, and then I called up my insurance and told them that the VIN was definitely correct, and they simply removed the warning on their end.

olanmills | January 25, 2013

I meant to add:

These banks can be kind of irritating sometimes, especially if they have your name and address and stuff. What do they think you're trying to do? Start a crack house with a phantom car loan or something?

Brian H | January 25, 2013

No, but the MS makes a pretty good (and stealthy quiet and fast) dealer fancy show car, and it's got all those neat hidden compartments, in the nose cone and footwell and cargo compartment, and ....