We allow Individual Applicants to finance a fleet of up to 6 Electric Vehicle Open Loans with Tenet, as long as they stay below $300,000 in total loan balance, and within our Debt to Income Ratio threshold of 60%, and combined Payment to Income Ratio threshold of loans with Tenet under 30%.
For new Purchase Individual, Individual Vehicle Sharing & Business Vehicle Sharing Loans, we require 30 days between and one payment made for consecutive new purchase loan applications.
For Refinance Individual, Individual Vehicle Sharing & Business Vehicle Sharing Loans, you can do multiple applications simultaneously.
For new Individual & Business Vehicle Sharing Loans, If you already have 10+ vehicles hosted, you might qualify for our established host financing program, which lets you finance up to 10! more vehicles per month with Tenet as long as they stay below $500,000 in total funding for the month. For your second Tenet-financed vehicle and beyond, you must show (via screenshots from the Turo and/or Getaround platform) that your existing Tenet-financed vehicles are earning at least $1,200/month in revenue. In addition to your full business income from Turo or Getaround as part of your income verification.