Uncle Paul
Well-Known Member
OP is just going through a normal evaluation we all do before "pulling the trigger"
Putting down a financial committment obligates both parties in such a contract. Buyer agrees to a certain price and that they will follow through and pay the balance on or before delivery. Company agrees to produce and deliver the car as specified for the agreed price.
If the company goes bankrupt prior to delivery, the court handling the bankruptcy will determine what, if anything happens to the earnest money deposit.
Many things may happen between placing the order and accepting delivery. The purpose of the deposit is to fix in time the details of the agreement so both parties know what their obligations are going forward.
Tesla has a fair system that seems to offer protections and obligations of both buyer and seller. Like most things in life, it is also a bit of a leap of faith.
Hundreds of thousands have gone before, and the system seems to be working pretty well.
Putting down a financial committment obligates both parties in such a contract. Buyer agrees to a certain price and that they will follow through and pay the balance on or before delivery. Company agrees to produce and deliver the car as specified for the agreed price.
If the company goes bankrupt prior to delivery, the court handling the bankruptcy will determine what, if anything happens to the earnest money deposit.
Many things may happen between placing the order and accepting delivery. The purpose of the deposit is to fix in time the details of the agreement so both parties know what their obligations are going forward.
Tesla has a fair system that seems to offer protections and obligations of both buyer and seller. Like most things in life, it is also a bit of a leap of faith.
Hundreds of thousands have gone before, and the system seems to be working pretty well.