Page 1 of 2 12 LastLast
Results 1 to 10 of 20

Thread: Model S - Financing & Fees

  1. #1
    Roadster 537, Sig P85 ggr's Avatar
    Join Date
    Mar 2011
    Location
    San Diego CA
    Posts
    1,039
    Blog Entries
    3

    Model S - Financing & Fees

    Quote Originally Posted by ElSupreme View Post
    I wonder if that means I will have to front another $5,000 when I want to order my Model S? I wasn't planning on doing that.
    From the contract: "No Cancellation. Once you execute this Agreement, the deposit in item 4.E above (if any) becomes nonrefundable (not to exceed $10,000), and this Agreement is binding and you may not cancel [...]. If you fail or refuse to accept delivery of the Vehicle, we may retain as liquidated damages any cash downpayment or deposit made by you, to the extend not prohibited by law. We may reimburse ourselves for any expenses and losses we incur or suffer as a result of your failure or refusal. Such expenses may include our reasonable attorneys' fees, reasonable collections fees, and court costs."

    My (IANAL) reading of this is that if all you gave them as a deposit was $5k, that's pretty much all you can lose. I don't think they necessarily would ask for more.

  2. #2
    Roadster 537, Sig P85 ggr's Avatar
    Join Date
    Mar 2011
    Location
    San Diego CA
    Posts
    1,039
    Blog Entries
    3
    Quote Originally Posted by Larry Chanin View Post
    Did Tesla give you any indication whether these fees would change for factory or store pick-up?
    Fees are the same either way.

  3. #3
    Roadster 537, Sig P85 ggr's Avatar
    Join Date
    Mar 2011
    Location
    San Diego CA
    Posts
    1,039
    Blog Entries
    3
    Quote Originally Posted by gg_wants_a_tesla View Post
    Not sure if this came up or if it's a factor for you, but, did Tesla bring up Financing at all during this exchange? i.e. did they say they could offer financing at such and such terms if you needed it?

    Should in theory be no different from any other car, I suppose, come delivery time but, just wondering... (I know Tesla works with Bank of America in general)...
    I didn't ask. But part of what I quoted above, where I had put the [...], was "We do not offer installment financing. This agreement is not conditioned on you obtaining financing from other sources."

  4. #4
    Model S: VIN P 3552 gg_got_a_tesla's Avatar
    Join Date
    Jan 2010
    Location
    Redwood Shores, CA
    Posts
    5,013
    Quote Originally Posted by ggr View Post
    I didn't ask. But part of what I quoted above, where I had put the [...], was "We do not offer installment financing. This agreement is not conditioned on you obtaining financing from other sources."
    Thanks! Now, to start getting cozy with my credit union officer once again...

  5. #5
    Model S 03182 ElSupreme's Avatar
    Join Date
    Jan 2012
    Location
    Atlanta, GA
    Posts
    3,951
    Quote Originally Posted by gg_wants_a_tesla View Post
    Thanks! Now, to start getting cozy with my credit union officer once again...
    Yeah I should probably talk to USAA about getting pre-qualified before my pow-wow with Tesla.

    Think with dispassion; Speak with equanimity; Act in calm.
    Moderator - Southeast, Future Cars, TMC Connect
    Do not use this material outside of Tesla Motors Club without attribution and permission.

  6. #6
    mod squad bonnie's Avatar
    Join Date
    Feb 2011
    Location
    California
    Posts
    8,431
    Blog Entries
    4
    PLEASE NOTE: Posts are the copyrighted intellectual property of the author, and are intended as part of a conversation within this forum. My words may NOT be quoted outside this forum, without my expressed consent.
    __________________
    Moderator: Model S, Model X, EVents, California, Pacific/Northwest, and Media -- Follow me on twitter and and follow TMC, too!

  7. #7
    Model S 2017 KBF's Avatar
    Join Date
    Jun 2009
    Location
    Steinbach, MB, Canada
    Posts
    551
    Bonnie, you're the most helpful mod I've ever come across on any forum!


  8. #8
    mod squad NigelM's Avatar
    Join Date
    Apr 2011
    Location
    Sarasota, FL
    Posts
    10,197
    Blog Entries
    2
    Quote Originally Posted by KBF View Post
    Bonnie, you're the most helpful mod I've ever come across on any forum!
    Ummmm, Doug can still hear (uh, read) you......

  9. #9
    Head Moderator / Administrator doug's Avatar
    Join Date
    Nov 2006
    Location
    Stanford, California
    Posts
    11,905
    Blog Entries
    10
    Quote Originally Posted by NigelM View Post
    Ummmm, Doug can still hear (uh, read) you......
    Doug is happy have helpful help.

  10. #10
    mod squad bonnie's Avatar
    Join Date
    Feb 2011
    Location
    California
    Posts
    8,431
    Blog Entries
    4
    Might be a good time to ask for a raise!
    PLEASE NOTE: Posts are the copyrighted intellectual property of the author, and are intended as part of a conversation within this forum. My words may NOT be quoted outside this forum, without my expressed consent.
    __________________
    Moderator: Model S, Model X, EVents, California, Pacific/Northwest, and Media -- Follow me on twitter and and follow TMC, too!

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Financing options
    By chmod a+wrx in forum Model S: Ordering, Production, Delivery
    Replies: 485
    Last Post: 2014-03-04, 10:17 AM
  2. Are you financing to get the Model S?
    By Bardlebee in forum Model S
    Replies: 104
    Last Post: 2012-11-30, 09:23 PM
  3. Ranger Fees
    By dhrivnak in forum Roadster
    Replies: 14
    Last Post: 2012-07-17, 06:33 PM
  4. Taxes & Fees
    By drbradfo in forum Model S
    Replies: 18
    Last Post: 2012-04-29, 07:17 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •