The maximum amount Tenet can finance for Purchase Loans:
The maximum amount you can finance with Tenet is dependent on a range of criteria, including but not limited to your state of residence, credit profile, your loan structure, the vehicle you are purchasing, your verified income, and whether you are Deferring. The following information serves as a guideline for the maximum amounts that Tenet can finance:
Personal Purchase Loans
Maximum loan amount of $95,000.
Maximum Loan to Vehicle Value (LTV) ratio of 110%. Tenet receives the value of the vehicle from our partner BlackBook, at the time of your application.
Vehicle Sharing & Business Vehicle Sharing Purchase Loans
Maximum loan amount of $95,000.
Maximum Loan to Vehicle Value (LTV) ratio of 100%. Tenet receives the value of the vehicle from our partner BlackBook, at the time of your application.
Personal Refinance Loans
Maximum loan amount of $150,000.
Maximum Loan to Vehicle Value (LTV) ratio of 130%. Tenet receives the value of the vehicle from our partner BlackBook, at the time of your application.
Vehicle Sharing & Business Vehicle Sharing Refinance Loans
Maximum loan amount of $150,000.
Maximum Loan to Vehicle Value (LTV) ratio of 120%. Tenet receives the value of the vehicle from our partner BlackBook, at the time of your application.
The minimum amount Tenet can finance for any loan:
$15,000.
Washington, D.C. (District of Columbia) - $25,000.
Can I finance the negative equity of my current loan?
Yes, as long as the dealership can include in the amount financed section of your Purchase Agreement, and the total loan amount with negative equity is within your max finance amount with Tenet.
Call or text our main line 877-378-3638 to speak with one of our specialists or email us at support@tenet.com.