Reservation fee credit to final price of car

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Dwayne1959

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#1
Is it just me? Does it look like the $1000.00 reservation fee and the $2500 order fee, are administrative fees and does not credit towards the car?
 

ng0

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#3
Is it just me? Does it look like the $1000.00 reservation fee and the $2500 order fee, are administrative fees and does not credit towards the car?
yea, it definitely goes to the cost of the car. I think of the reservation fee as a wash because they charge $1000 for the destination fee.
 

LUXMAN

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#4
Is it just me? Does it look like the $1000.00 reservation fee and the $2500 order fee, are administrative fees and does not credit towards the car?
I can tell you for sure they are credited toward your final cost.
The sales contract says that they are non refundable once you configure due to the work involved with getting your car but it is credited to the cost.
 

SoFlaModel3

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#5
Is it just me? Does it look like the $1000.00 reservation fee and the $2500 order fee, are administrative fees and does not credit towards the car?
I shared my final numbers somewhere in this thread but good luck finding it with pages and pages and pages of posts. Both count toward your down payment.
 

smak

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#6
I shared my final numbers somewhere in this thread but good luck finding it with pages and pages and pages of posts. Both count toward your down payment.
You're paying tax on the full amount, but your final payment/loan is less the deposits.

It makes it a bit tricky to fill out a finance calculator, you have to stick that -$3500 somewhere untaxed, so your total financing is right.
 
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SoFlaModel3

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You're paying tax on the full amount, but your final payment/loan is less the deposits.

It makes it a bit tricky to fill out a finance calculator, you have to stick that -$3500 somewhere untaxed, so your total financing is right.
Yeah — just simplest seeing it as part of the down payment because that’s ultimately exactly what it is (assuming you’re financing).

Here is the snippet again and $3,500 is in 4.A. “Order Payment”.

7f4ceec7-1563-4b35-b662-8b90942895fe-jpeg.6128
 

smak

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#10
Yeah — just simplest seeing it as part of the down payment because that’s ultimately exactly what it is (assuming you’re financing).

Here is the snippet again and $3,500 is in 4.A. “Order Payment”.

View attachment 6128
Man, that sales tax savings on your trade-in is nice. My current car is worth exactly that, but nada.
 

Simon Says

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#12
yea, it definitely goes to the cost of the car. I think of the reservation fee as a wash because they charge $1000 for the destination fee.
Is it just me or a destination fee is really bull especially if you take delivery two miles away from the factory? Never liked all these extra fees but it seems worst in this case given the distance.
 

ng0

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#13
Is it just me or a destination fee is really bull especially if you take delivery two miles away from the factory? Never liked all these extra fees but it seems worst in this case given the distance.
yea, I don't like that the destination/doc fee is still the same even if you go pick up from the factory, but I guess a portion of it is the doc fees. Would be nice if they gave you like 500 bucks off it if you were willing to drive to the factory. I know I definitely would be willing to.
 

Prodigal Son

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#14
yea, I don't like that the destination/doc fee is still the same even if you go pick up from the factory, but I guess a portion of it is the doc fees. Would be nice if they gave you like 500 bucks off it if you were willing to drive to the factory. I know I definitely would be willing to.
They are prohibited from doing that, by law.
 

SoFlaModel3

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#15
Man, that sales tax savings on your trade-in is nice. My current car is worth exactly that, but nada.
I agree and it’s better than I thought actually! I was under the impression that the tax savings on a trade in was the net value after payoff so this was a pleasant surprise of about another $600!

Is it just me or a destination fee is really bull especially if you take delivery two miles away from the factory? Never liked all these extra fees but it seems worst in this case given the distance.
I remember reading somewhere that the amount must be the same and can’t be changed. Not sure why but I assume it’s to protect consumers.

EDIT: this link describes it a bit: https://www.autotrader.com/car-tips/new-car-delivery-or-destination-charges-explained-213280
 

smak

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#16
Is it just me or a destination fee is really bull especially if you take delivery two miles away from the factory? Never liked all these extra fees but it seems worst in this case given the distance.
Well, Tesla is really the only company that this happens with, and you know nobody is going to make a special addition to the rules just for Tesla.
 

Simon Says

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#17
I
Well, Tesla is really the only company that this happens with, and you know nobody is going to make a special addition to the rules just for Tesla.
I just wished they would have just gone away with tack-on fees. Sell the base price at 36K if you need that 1K in doc/destination fees. I just hate the whole thing about fees. Tesla is different in its marketing approach I wish they would do the same with the fees. And in their case the whole destination fees for the tens of thousands who will pick it up in Fremont is absurd.
 

ng0

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#19
I

I just wished they would have just gone away with tack-on fees. Sell the base price at 36K if you need that 1K in doc/destination fees. I just hate the whole thing about fees. Tesla is different in its marketing approach I wish they would do the same with the fees. And in their case the whole destination fees for the tens of thousands who will pick it up in Fremont is absurd.
Really I wish Tesla would've just said, "hey, we're gonna sell at $50K car and sometime in the distance future we'll strip it down and sell it as a $36K car." That would've been the best, most honest solution.
 

SoFlaModel3

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#20
I

I just wished they would have just gone away with tack-on fees. Sell the base price at 36K if you need that 1K in doc/destination fees. I just hate the whole thing about fees. Tesla is different in its marketing approach I wish they would do the same with the fees. And in their case the whole destination fees for the tens of thousands who will pick it up in Fremont is absurd.
Problem is some people like to see all line items and some people want to see a single price. I mean ultimately as long as nothing is hidden I don’t see a big deal. I’m in the camp where I actually like to see everything.

Really I wish Tesla would've just said, "hey, we're gonna sell at $50K car and sometime in the distance future we'll strip it down and sell it as a $36K car." That would've been the best, most honest solution.
I agree though thankfully at least they didn’t show it as a $27,500 car with incentives baked in already (like S/X). That would have been a disaster.