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Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car.
Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain the confidence to take control of their finances by providing clear, well-researched information that breaks down otherwise complex topics into manageable bites.
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.
Bankrate Score
Loan amount
$15,000-$95,000
Min. credit score
670 (purchase), 620 (refinance)
APR from
5.30%-9.50% (with autopay)
Funds available in
As soon as one day following approval
Before signing off on an EV auto loan with Tenet, consider both its perks and limitations.
Fully online experience
Loan preapproval
Tenet dashboard
Not available in all states
Vehicle restrictions
High minimum loan amount
Tenet outlines a few requirements when it comes to both the loan holder and the vehicle.
You must be:
Your vehicle must:
Tenet offers new and used purchase loans for EVs with highly competitive rates. The lender offers extended loan terms up to 84 months, which can lower your monthly payment but will mean paying more in interest over the loan term.
The lender offers extras such as gap insurance, an extended warranty or charger installation.
One perk is the ability to defer up to 25 percent of the principal loan balance and add it to the end of your repayment period, potentially reducing the monthly payment. Make sure to research EV tax credits to help lower your federal and state tax liability.
If you currently have an electric vehicle and seek more competitive loan terms, Tenet may be able to assist by refinancing your loan. Your savings will vary depending on your loan amount, the term you select and your credit rating and history. Make sure to compare auto loan refinance rates before committing.
The application process is straightforward and fully online. Start by applying for loan preapproval to view rates that are available to you based on your credit score. You will undergo a soft credit pull, which does not negatively affect your credit score.
If there’s a match, review the loan offers and select the option that best suits your needs. If you are refinancing you will also be able to compare your current loan with the new one and choose the top offer. Either way, moving forward with the loan application will result in a hard credit pull that can temporarily impact your credit score.
Next, uploading any financial documents the lender requests and filling out a few forms — all done online. If Tenet approves your loan, you’ll sign online too. The timeline for funding your vehicle depends on whether you buy from a dealer or directly from a manufacturer.
If you are refinancing your must share the following:
Bankrate considers 18 data points when selecting top auto loans. Acceptance criteria, whether rates and fees are available and APR range all influence lender scores. These scores are broken up into four categories.
Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car.
Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain the confidence to take control of their finances by providing clear, well-researched information that breaks down otherwise complex topics into manageable bites.
Bankrate.com is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products.
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Tenet: 2023 Auto Loan Review – Bankrate.com
