Opting to pay for m3 with cash same as check from bank?

[nicenoise]

I switched my financing preference to cash, but realized I'll probably still be financing through my bank. My question is, isn't a check a check even if it comes from a bank? or will Tesla frown on financing through a personal bank.. Only reason I ask is my financing option doesn't seem to be editable anymore

 

[RayK]

"Cash" implies a check (cashiers or personal) or a wire transfer for the full amount owed. It also means that you legally own the car. "Financing" implies a loan taken out for the full amount owed and the bank essentially owns the car until you pay off the loan.

Somewhat different from a legal point of view (I'm not a lawyer).

 

[lairdb]

I switched my financing preference to cash, but realized I'll probably still be financing through my bank. My question is, isn't a check a check even if it comes from a bank? or will Tesla frown on financing through a personal bank.. Only reason I ask is my financing option doesn't seem to be editable anymore

Tesla will be (most states, AFAIK) performing the registration on your behalf, so they need to know if they should include a lienholder.

 

[thebigbobowski]

I accidentally hit "cash" when I configured as well and can't edit. I stopped by the store and spoke to a rep who said it's no big deal, I just have to tell them to switch it when they call to set up delivery.

 

[nicenoise]

I accidentally hit "cash" when I configured as well and can't edit. I stopped by the store and spoke to a rep who said it's no big deal, I just have to tell them to switch it when they call to set up delivery.

Glad to hear. THANK YOU

 

[insaneoctane]

My delivery specialist said that they were not accepting personal checks anymore. Rather than push it I just brought a cashier's check.

 

[Glamisduner]

Where is the Bitcoin option?

 

[eSpiritIV]

i always understood "cash" as cash or check from a bank, and anything else was a "lease" but apparently since there is not a lease options, they have a different term for it when you finance the cash loan and you have a lienholder