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How to Use Your EV Life Dasher Loan Approval

Peter Glenn avatar
Written by Peter Glenn
Updated this week

Congrats! 🎉 Once you’re approved for an EV Life Dasher Loan, you can shop for a qualifying vehicle and complete your purchase using our financing. Here’s how it works:

EV Life Loan Quick Start 🚗⚡️

  1. Shop for any EV, hybrid, or plug-in hybrid at any dealer.
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  2. Get a signed Dealer Purchase Agreement (or Bill of Sale) from your dealer.
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  3. Send it to EV Life → We’ll verify a few items, create your loan docs, you sign, and we wire funds (often same-day).
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✅ Bring your EV Life approval letter with you when shopping.

Questions? Call/text us at 217-987-9594 or email support@evlife.co

1. What kinds of vehicles can I buy?

You can use your EV Life loan to purchase any:

  • All-Electric Vehicles (EV)

  • Plug-in Hybrid Vehicles (PHEV)

  • Traditional Hybrids (non-plug)

👉 Gas-only vehicles are not eligible.

2. Where can I shop?

  • New cars:
    - You can use your approval at any traditional new car dealership.
    - For a new Tesla, visit Tesla.
    - For other new & used vehicles at traditional dealers, search TrueCar’s DoorDash Car Buying Program.
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  • Used cars: You can use your EV Life approval at any dealer that accepts outside financing. However, used car dealerships may push you toward their in-house financing.
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    For no-hassle buying & financing, CarMax or Carvana are most popular with EV Life customers.

3. How much am I approved for?

Your approval letter shows the maximum amount you’re approved for (e.g. up to $25,000).

  • If the vehicle price (after tax and fees) is higher than your approval amount, you’ll need to make a down payment to cover the difference.
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  • Example: A 2025 Toyota Corolla Hybrid LE may be slightly above $25,000 after tax, so a small down payment would be needed.
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4. What’s the process once I find a car?

  1. Get a signed purchase agreement or bill of sale from the dealership.
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  2. Send it to EV Life (text, email, or upload per your approval letter instructions).
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  3. EV Life prepares your loan documents based on the final price, down payment, and amount financed.
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  4. Once you sign the loan docs, EV Life wires funds directly to the dealer.
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    • ✅ Funds can be wired the same business day, so you don’t have to wait for a check.
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  5. The dealer confirms receipt of funds and releases the car to you.
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5. How do I contact EV Life during the process?

6. Helpful tip

If you’re comparing a few vehicles, you can send us the VIN and mileage (for used cars), and we’ll let you know how the loan terms would look for each option.

✅ Next step: Take your EV Life approval letter with you when shopping.
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Once you’ve chosen a car, share the signed purchase agreement with us and we’ll take it from there!

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