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VIN Number: an important item to have, but how to get it?

VIN Number: an important item to have, but how to get it?

Hello -

My experience so far with the "Your paperwork is ready" stage of pre-ownership boils down to one thing - I need to know the VIN number of my vehicle in order to finalize financing at my credit union and get a firm quote on my insurance.

One problem: the purchasing agreement does not state the VIN number (probably because it does not exist yet).

So here I am, #2641 Performance, ready to seal the deal, but since my delivery date is more than 90 days away (December or January), I cannot secure my loan yet. I also cannot apply for an initial loan, which I will re-apply for when the delivery date is in sight, due to lack of a VIN. And while my insurance company can give me a generic quote for the car, they cannot give me a firm quote without the VIN.

For us, loan approval is not a problem, nor is insurability. But without the ability to lock down both loan and insurance, I feel I am put at some level of risk.

I would like to know if any of you out there have experienced this quandary, and how you handled this awkward situation. . Forgive me if there are already posts on the subject - if so, please point me to them.

Cheers,
Steve

Brian H | August 18, 2012

TM is selling the commitment to produce a car to spec. It is not selling an existing car. Maybe TM has arrangements with its "preferred" financers (BoA and Wells?) that bypass this.

jerry3 | August 18, 2012

As I understand it, you pay for the car on deliver (other than the reservation and the additional deposit required). Once the car is built, but not yet delivered, you'll have the VIN number.

jerry3 | August 18, 2012

on delivery

jbunn | August 18, 2012

I am skeptical. Many buyers get preauthorized before even finding a car. And your insurance agent cant quote by the book, because no book exists, and wont for several years until they have data. You loan is based on your credit score, terms, and loan to value. You insurance agent can quote you based on the price and options. Vin is not required until you take posession. Breathe...

Ron5 | August 19, 2012

The real reason *I* want the VIN number is to get my personalized plate before someone steals it.

Michael23 | August 19, 2012

You can order plates ahead of time and picK them up later I think when you have a vin

Sudre_ | August 19, 2012

Probably should have got the Sig then :-) and reserved much earlier.

art | August 19, 2012

By the way my license plate in Chicago will be
SANS GAS!!! Cute isn't it!!

Mel. | August 19, 2012

Art, I have SANS GAZ in florida

Cindy.holland | August 19, 2012

Ron5, can't you order the plate you want and put it on your current car then transfer the tags to the new car? That is what I am doing in Maryland.

jbunn | August 19, 2012

My wife said she saw my desired plate on a roadster around town recently. When I checked again online, i found it had indeed been taken. Curse you Racer X!

Brian H | August 19, 2012

Mel;
Why not "SANZ GAZ"??
<;)

Mel. | August 19, 2012

Brian H, my limited french for "without gas". Is sans gaz..

Brian H | August 19, 2012

Mel;
Yez, but it soundz zippier with lotz of z's! Z?

Brian H | August 19, 2012

English offers similar options:
Gasless
or
Gazlezz.

;)

Brian H | August 19, 2012

Oops. Caps only!

GASLESS
or
GAZLEZZ.

Bilingual:
GAZLESS

:D

bsimoes | August 19, 2012

Brian H--are you suggesting someone spell something incorrectly???!

Mel. | August 19, 2012

I must have gone with the bilingual? I am glad you like it

Butch | August 19, 2012

FYI, I asked for and was given my VIN about two weeks before my scheduled delivery in Colorado.

Robert22 | August 19, 2012

Things get a little more challenging in MA where vanity plates cannot exceed 6 characters, and the first two are required to be letters. ZOINKS

Ron5 | August 19, 2012

Cindy (& Michael23),

I can't order the plate without the VIN, and in Florida if I put them on another car I can't remove them from that car unless I sell it (or trade it in). I will not be doing either when I get the Model S.

Brian H | August 19, 2012

Mel;
Nope. Yours is unilingual francophone. "Laine pûr"

Mel. | August 20, 2012

Brian, you have gone to Quebecoise, no

Brian H | August 20, 2012

True. But 'sans gaz' is pure French, Parisian style, too.

nav66 | August 20, 2012

Forgive me, but none of you answered my request ("I would like to know if any of you out there have experienced this quandary, and how you handled this awkward situation."), which tells me that most, if not all, of you are not actually getting ready to purchase a vehicle from Tesla.

Go to sleep. Have fun with your fan blog.

BYT | August 20, 2012

@Steve, not everyone here is buying a Model S, true, but most of us are. The Navy Federal Credit Union send me a blank check with blank spaces for the VIN# and the amount (with pre-approval up to $60k). My Insurance company has already quoted me on the Model S, full coverage, light mileage per year but that was based on the Model S standard, I am buying a Signature. I don't see it going much higher, but I was quoted ~$650 every 6 months.

To answer the question specifically for me? Nope, no problem at all with that aforementioned quandary.

BYT | August 20, 2012

I guess if there is anything to worry about is the 3 month expiration date which is mid-October for me. Hoping they ask me to pay my balance by then or else I have some 'splaining to do!

Brian H | August 20, 2012

nav;
Read them again. Some had no such request from their institutions. Others got pre-authorized loans based on other assets.

Don't let the door ...

brianman | August 20, 2012

@nav66
"Go to sleep. Have fun with your fan blog."
Your attitude is unjustified and unfounded.

As are your conclusions...
"which tells me that most, if not all, of you are not actually getting ready to purchase a vehicle from Tesla."

ggr | August 20, 2012

I'm picking up in a week. But I didn't need finance. So, sorry, can't help. Definitely a fanboy.

jbunn | August 20, 2012

Nav66. I answered your question in the 4th response in this thread. You don't need a VIN number at this point. How do I know? Way back, I used to sell new cars for Lincoln Mercury, and used cars for Toyota. After taking up programming, I wrote an inventory, Finance and Insurance, and Maintenance tracking application for a Mazda franchise.

You don't need the VIN more than 90 days out. Most people don't have one at this point, so the bank is used to it. And there are no lookup books for your insurance agent because the car is too new. Both the bank and your agent need the sale price.

There is a difference between not getting an answer, and not getting the one you want. Your VIN hasn't been assigned yet.

Good Night!

digitaltim | August 28, 2012

My banks preauthorize and lock in rates for a period of time before I have even selected a make/model - find a bank that will do that so you can remove any anxiety re: your payment.

As for insurance, State Farm automatically covers your new car (assuming you have an existing auto policy with them) - you have 30 days to call them after receiving it to give them the VIN and confirm rate/coverage. I believe any credible insurer should be able to give you a reasonably accurate estimate.