For new Purchase Loans, OEM's like Tesla, Rivian, Lucid, etc, or Franchise Dealer's (Polestar, Chevrolet, Ford, Hyundai, etc.), Online Dealers (CarMax, Carvana, AutoNation), and Rental Companies selling their used Fleet Vehicles (hertz, enterprise, AVIS), may ask for proof of funds before they release the vehicle.

Once you have selected a pre-approved offer, passed all of our verifications, and signed your loan agreement via DocuSign, Tenet will schedule a wire transfer to the OEM / Dealer. It can take our team up to 1 business day to schedule the loan for funding and send you confirmation.

Note: Tenet will provide you with a signed copy of your loan agreement, purchase confirmation, as well as a wire confirmation showing that the funds have been wired and are scheduled to clear on the day before your vehicle delivery date (Unless on a Weekend or Holiday). This satisfies the OEM / Dealers proof of funds requirement. Please keep us up to date on your delivery date, either by contacting Tenet Support or by editing it on your Tenet Dashboard, to ensure a smooth funding process.