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financing if refusing delivery?

Discussion in 'Model S: Ordering, Production, Delivery' started by DSBS4, Aug 21, 2016.

  1. DSBS4

    DSBS4 Member

    Joined:
    Jun 27, 2016
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    Location:
    San Jose
    I've never financed a car before so I apologize if this is a dumb question.

    i'm currently financing a new S via Alliant and have been approved. If I were to refuse delivery at the delivery center and forego my $2500 deposit what happens to the check from Alliant. That will probably have been already delivered to Tesla right?

    Any suggestions on how to ease the cancellation if it's done the day of delivery?
     
  2. JonW

    JonW Member

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    Jun 2, 2016
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    Location:
    Lafayette, IN USA
    Not a dumb question at all. If you've never financed a vehicle, how would you not have questions.

    Part of the delivery of the car is signing the Alliant loan documents. Tesla gets no check from Alliant until you sign the contract agreeing to pay Alliant back on the terms they offered you. Yes, you'd lose the $2,500, but you wouldn't start getting a bill for loan payments from Alliant. If you don't want the car, just call your Delivery Specialist and tell them. I'm sure they'll tell you what you need to do to properly cancel your order.
     
  3. dehydratedH2O

    dehydratedH2O Member

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    Silicon Valley
    That's actually done pre-delivery in my case. I signed my documents online the day I made my delivery appointment. I'm not sure if you can arrange to have them signed in person at delivery since there is no Alliant rep present.
     
  4. JonW

    JonW Member

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    Then, I'd contact the Alliant loan rep you worked with and ask them.
     
  5. Tribaltech

    Tribaltech Member

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    Nov 14, 2016
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    Location:
    Michigan
    Just curious why did you decide to forego your delivery and the amount paid? I'm in similar shoes.
     
  6. grayguy

    grayguy Member

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    Nov 8, 2016
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    Location:
    Orange County, CA
    This happens at the Tesla factory as well. I took delivery there last week. The entire process if you take the tour as well, is about 2 hours. In my case, you arrive at 11am to sign all documents and provide payment (loan docs + down payment, or entire payment, depending on your circumstances). At 11:30am is a group tour that lasts 30 minutes, followed by a group video presentation to introduce you to your car, and only then do you first see your vehicle. You've already paid for it and had the DMV paperwork completed before you ever see the vehicle.

    That might not be a big deal to some people, but in my case that meant having to deal with a poorly built car after owning it, rather than refusing to take delivery and having Tesla fix the problem or build you a new car.
     

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