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Tesla owners have the highest credit scores

 
Old 05-02-19, 07:00 PM
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LexsCTJill
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Default Tesla owners have the highest credit scores

Tesla owners have the highest credit scores


https://ca.finance.yahoo.com/news/te...161815773.html


Porsche and Lexus owners followed closely with buyers boasting a credit score of 727 and 699, respectively.

The correlation between credit scores and cost is obvious: luxury cars are expensive, hence the auto loan taken out requires a higher credit score.

But whatís not obvious is the fact that Tesla cars were the costliest among all luxury vehicles.

One clue: According to a separate study, used Teslas were found to be more expensive than Porsches, with buyers spending an average of $54,234 on the electric vehicle versus $42,173 on the German car.

That means those Tesla owners would need to make monthly payments at $818, while Porsche owners only pay $635.

Additionally, Teslas also demand high monthly premiums, which also drive up the overall cost of owning the car.

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Old 05-02-19, 07:33 PM
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Not really surprising that a concentration of higher scores would be found amongst Tesla owners.

Why? Because Tesla is still a relatively niche brand in my view. It’s not a “mass produced” brand which means the financial profiles of it’s buyers will more likely than not have some synchrony.
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Old 05-02-19, 07:56 PM
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Originally Posted by Propulsion View Post
Not really surprising that a concentration of higher scores would be found amongst Tesla owners.

Why? Because Tesla is still a relatively niche brand in my view. Itís not a ďmass producedĒ brand which means the financial profiles of itís buyers will more likely than not have some synchrony.
Yes makes sense.
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Old 05-03-19, 06:08 AM
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Are those scores high?
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Old 05-03-19, 06:31 AM
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Just another virtue signaling article designed to bring social comparison and clicks...
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Old 05-03-19, 06:37 AM
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Well you have to be pretty well off to risk buying a car from a company that could be out of business in a few years leaving you high and dry with a car that no one can repair or that is extremely expensive to repair.
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Old 05-03-19, 08:21 AM
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Originally Posted by bitkahuna View Post
Just another virtue signaling article designed to bring social comparison and clicks...



exactly
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Old 05-03-19, 09:48 AM
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I'm surprised with how low these numbers are for the most part, I'm sure people wonder why they get a junk interest rate half the time.
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Old 05-03-19, 09:56 AM
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lol makes sense. tesla financial services needs to ensure you have have $$ and a high credit score to ensure you dont default on their car loan so they can pay towards they huge cash burn they accrue every minute
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Old 05-03-19, 12:28 PM
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Originally Posted by jadu View Post
lol makes sense. tesla financial services needs to ensure you have have $$ and a high credit score to ensure you dont default on their car loan so they can pay towards they huge cash burn they accrue every minute
Originally Posted by Zmon View Post
I'm surprised with how low these numbers are for the most part, I'm sure people wonder why they get a junk interest rate half the time.
Does anyone know what the interest rates are on a Tesla?
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Old 05-04-19, 05:57 PM
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Originally Posted by Johnhav430 View Post
Are those scores high?
I was thinking the same thing. If they're above 750, I would say so -- I guess 740 is close.

To be fair, I supposed it's the "highest"
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Old 05-05-19, 08:15 AM
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Originally Posted by Zmon View Post
I'm surprised with how low these numbers are for the most part, I'm sure people wonder why they get a junk interest rate half the time.
They're "average" numbers, which doesn't really tell you how many people have higher scores or lower scores.

These are also AUTO ENHANCED scores, which are different from regular FICO scores. My Auto Enhanced scores are always lower than my regular FICO scores (not sure why)
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Old 05-05-19, 09:38 AM
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I suppose that Rolls Royce, Bugatti and Bentley Mulsanne owners would have even higher scores!

A more fascinating statistic would be why Porsche owners have less sexual frequency than Mustang, INFINITI Q50 and Pontiac Solstice owners! Anyone wanna take a guess?
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Old 05-07-19, 12:34 PM
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Originally Posted by ShrinkDoc View Post
I suppose that Rolls Royce, Bugatti and Bentley Mulsanne owners would have even higher scores!

A more fascinating statistic would be why Porsche owners have less sexual frequency than Mustang, INFINITI Q50 and Pontiac Solstice owners! Anyone wanna take a guess?
Hmmm. We have a Q50. This is a great stat to know. ;-).
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Old 05-07-19, 12:38 PM
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Originally Posted by Sinecure View Post
Hmmm. We have a Q50. This is a great stat to know. ;-).
You have a Q50 in addition to your QX50?
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