CPO $2500 Does not go towards Purchase?

[MD500_Pilot]

So I have a friend very interested in getting a CPO Model S. He found one that he liked, was going to put the $2,500 down on the car but then read it was non-refundable. He wanted to verify what the car had installed.

Anyway he called and they told him that the $2500 was a processing fee and NOT a deposit on the car and did not come off the cost of the car.

Anyone here buy a CPO and run into the same issue? Did your $2500 go towards the vehicle?

Thanks

 

[MC408]

That information is incorrect.

The $2500 is applied to the price of the car.

It is also refundable if you push on them and are not satisfied with the vehicle. Or you can transfer to another vehicle.

I can confirm first hand as I recently went through the process.

 

[JPUConn]

So I have a friend very interested in getting a CPO Model S. He found one that he liked, was going to put the $2,500 down on the car but then read it was non-refundable. He wanted to verify what the car had installed.

Anyway he called and they told him that the $2500 was a processing fee and NOT a deposit on the car and did not come off the cost of the car.

Anyone here buy a CPO and run into the same issue? Did your $2500 go towards the vehicle?

Thanks

When I bought my CPO the $2,500 was not refundable but could be transferred to another vehicle within a short period of time after placing the order.

The $2,500 absolutely went towards the vehicle purchase price.

 

[MD500_Pilot]

@JPUConn - Thank You, The lady at Tesla was adamant that it did not, but I suspected otherwise.

 

[whitex]

@JPUConn - Thank You, The lady at Tesla was adamant that it did not, but I suspected otherwise.

A good sign you should find someone else to help you with the purchase and avoid that "lady at Tesla". If she doesn't know that, you'll likely be in a world of frustration and confusion if she helps you with the purchase.

 

[RAW84]

I find the idea of a $2500 "processing fee" absolutely hilarious.

But this is a great introduction to the world of Tesla, where information can vary widely depending on who you're talking to. TMC forums are a great resource for owners and potential owners. I'd encourage your friend to join or at least lurk lol

 

[L-P-G]

The lady that gave you that information is 100% incorrect. I picked up my CPO P90DL 3 days ago (11/29/2018) from SF (driving it back to FL, passing TX as I type) and the paperwork on my lap clearly shows the $2500 going towards the price of the car.

This was the same case on my first S which I leased, they also applied the down towards the vehicle.

 

[Super_Popular]

Call SamanthaJoy at the Bellevue WA strore, she handles west coast CPO's.

 

[Eevee]

The deposit is applied towards the purchase of the car. At least that was my experience.

The taxes and title fees may exceed the $2500 deposit, however, so when all is said and done you probably still have to fork over a total amount that is at least as much as the listed sales price.

For instance:

Total Vehicle Price $ 50,800.00
Sales Tax $ 3,683.00
Plus Title Fee $ 29.25
---
Subtotal (2 plus 3) $ 54,512.25

Minus Deposit $ 2,500.00
---
Total Due $ 52,012.25

 

[MD500_Pilot]

Thanks, Everyone, I assumed that was the case and that she was just wrong. I appreciate the feedback! @Plan B I gave my friend the information about SamanthaJoy, hopefully, she can help get things figured out.

 

[BulldogsRus]

@JPUConn - Thank You, The lady at Tesla was adamant that it did not, but I suspected otherwise.

Wait a minute...are you saying someone that worked at Tesla was misinformed about their own product?

 

[MD500_Pilot]

Wait a minute...are you saying someone that worked at Tesla was misinformed about their own product?

Well, there is a first time for everything....

 

[MD500_Pilot]

@Plan B

We cannot find the contact info for SamanthaJoy, would you happen to have it?

 

[Rockster]

Yes, OP, calling Tesla is often like calling the IRS: the same question can result in different answers, depending upon who you talk to.

 

[JoeMartin]

Can confirm that $2500 deposit went toward purchase price of car. I'll be picking mine up tomorrow and got my finalized MVPA today that shows it going toward the final price.

 

[JoeMartin]

Yes, OP, calling Tesla is often like calling the IRS: the same question can result in different answers, depending upon who you talk to.

The only difference is that the IRS actually eventually answers...

 

[MC408]

Can confirm that $2500 deposit went toward purchase price of car. I'll be picking mine up tomorrow and got my finalized MVPA today that shows it going toward the final price.

Congrats! Enjoy the new car!

 

[drummerboy7816]

Anyone know if you cancel the order on a used/CPO, how long can you "hold" that deposit for to then apply to another CPO car? I'm wanting to cancel my current order (supposed to deliver tomorrow or next day) because there is another used one that popped up that fits my need much better. The Sales rep and is not responding to my text/VM/emails..

 

[Silence88]

Anyone know if you cancel the order on a used/CPO, how long can you "hold" that deposit for to then apply to another CPO car? I'm wanting to cancel my current order (supposed to deliver tomorrow or next day) because there is another used one that popped up that fits my need much better. The Sales rep and is not responding to my text/VM/emails..

By the terms of the contract they are not required to return your deposit or roll it over to another vehicle. In practice, it seems to vary from transaction to transaction depending on the sales rep.

 

[random155]

Picked my car up on Friday, and the 2500 deposit went towards the price of the car.