How Does Tesla Order Works Once You Paid The $400 Deposit?

Aerith-Waifu on 28/07/2024 - 06:20
Last edited 28/07/2024 - 12:16 by 1 other user

My dad's MG4 has been rear ended by someone talking on his phone while driving, some damages to the rear of the car and now deemed unrepairable write off. The person who hit my dad's car is a 22 year old P plater with no insurance. Insurance company has deemed my dad not at fault and no excess was charged. With settlement payment coming anytime now.

Now my dad is considering buying a Tesla 3

So the question are, for those who did the order with Tesla, once you paid the $400 deposit:

  1. Is the sale binding with no chance to back out if there are major delays or anything?

  2. What if 1 week before delivery the price of Tesla drops say $2000 on their website, does that mean my dad's order will also be $2000 cheaper? If not, how does the price drop works if the car has not been delivered?

  3. Finally, when does he makes full payment? Before the car been delivered or the payment are to be paid in stages like house building?

He is shaking but fine as its a low speed crash. Thank you for your input.

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Comments

  • dct on 28/07/2024 - 06:55
    +14

    1: Is the sale binding with no chance to back out if there are major delays or anything?

    Generally forfeit deposit. But if you need an immediate MG4 replacement, choose an in-stock model.

    2: What if 1 week before delivery the price of Tesla drops say $2000 on their website, does that mean my dad's order will also be $2000 cheaper? If not, how does the price drop works if the car has not been delivered?

    So far they've been good about honouring price reductions, though once the final payment is made I'm not sure what happens.

    3: Finally, when does he makes full payment? Before the car been delivered or the payment are to be paid in stages like house building?

    No, payment is just before picking up (after you receive confirmation of the delivery date)

    • Aerith-Waifu on 28/07/2024 - 15:35

      Ok thanks for the information.

  • Fredfloresjr on 28/07/2024 - 07:04
    +5

    I just did mine early this week, they will ask you to install their APP straightaway and from there, you will just have to action the step-by-step process. And yes, you have to pay 'FULL' before they deliver your car, you will also need to provide insurance during the process.

    Anyway, HAPPY DAYS this Thursday, can't wait for my Model Y LR, and will use my tax return to unlock the performance boost. YOLO

    • MS Paint on 28/07/2024 - 08:06
      +3

      you will also need to provide insurance during the process.

      How odd. Why would Tesla care about that? A finance company definitely would but not Tesla?

      • Fredfloresjr on 28/07/2024 - 13:02

        Yeah, part of the process. Actually, at least they are honest that they will get % if you chose their partner insurer.

      • dylanando on 28/07/2024 - 13:33
        +3

        I purchased one beginning of the year and was never asked about insurance, must be new process by tesla.

        • Fredfloresjr on 28/07/2024 - 15:42

          I think A took a screenshot on my work phone before, this is step before the final payment.

    • Aerith-Waifu on 28/07/2024 - 15:34

      Oh thats interesting to know. I might have to ask my dad to ask around from now

  • foxmulder on 28/07/2024 - 07:34
    -4

    I wonder what happen to the P platter? Insurance ask him to pay for the value of Tesla or they will absorb the cost? If the p platter pays, does he keep the damage Tesla?

    • brad1-8tsi on 28/07/2024 - 07:56
      +25

      I bet that p-platter is a real dish.

      The insurance company will pursue the P-Dish for the pay-out value of the MG.

      The value of the Tesla the OP's Dad is buying is immaterial to the insurance process.

    • JIMB0 on 28/07/2024 - 09:09
      +3

      They'll probably go easy on him as he seems like the sort of bright spark that would be paying child support to multiple women.

    • DashCam AKA Rolts on 28/07/2024 - 10:56
      +3

      Insurance ask him to pay for the value of Tesla or they will absorb the cost? If the p platter pays, does he keep the damage Tesla?

      Tell me you didn't read the post carefully without saying you didn't read the post carefully.
      Comprehension definitely in the Twilight Zone.

    • Aerith-Waifu on 28/07/2024 - 15:38

      No nothing to do with Tesla, they just agreed to pay out the insured value of MG4 and once the money is received my dad can buy whatever he wants. In this case its a Tesla Model 3

      I guess since the P plater has no insurance, the insurance company will chase after him? His car has some front damage also

      • based on 29/07/2024 - 12:58

        Is there no new for new on the insurance policy, or is taking the payout by preference?

      • derrida derider on 30/07/2024 - 18:15

        They'll put him on a payment plan. As a 22yo it is unlikely he'll ever pay it off - the insurance company will wear most of the loss. That's why car insurance premiums are so high.

  • unco on 28/07/2024 - 07:34
    +8

    1. You will lose the deposit.

    2. If you haven’t taken delivery yet, you will get the price updated to the lower figure. If you have already paid but not taken delivery then they will arrange a refund of the difference.

    If the price goes up, they have been good and you keep your original price you ordered at.

    1. They need full payment 2 business days prior. I made my payment but it didn’t clear until 1 day before my scheduled pickup (due to the maximum limit per day set by my bank) so Tesla called me and pushed back my pickup date by a day.

    Best tip I can give though is to do a test payment of $1 or something early on, check that it reflects on your remaining balance on your account, then when delivery is scheduled you can feel a bit better about sending the full payment to the same account.

    • Aerith-Waifu on 28/07/2024 - 15:35

      Thats a really good tip about the transfer thing. Thank you

    • Aerith-Waifu on 28/07/2024 - 15:42

      Also in regards to the price deductions, does that mean its automatically done? Or do you need to apply for the price reduction?

      • lazybones1987 on 29/07/2024 - 07:15
        +1

        It’s automatic. You don’t need to apply.

  • Wiadro on 28/07/2024 - 07:42
    -7

    Sounds like too much effort to buy a car

    • Murkymerv on 28/07/2024 - 08:04
      -6

      I couldn’t agree more

    • Ryk on 28/07/2024 - 08:52
      +19

      seems vastly superior and simpler than going to multiple dealers, over several hours and days, to "see what the finance manager has to say".

      • Brick Tamland on 28/07/2024 - 13:44

        Finance manager has no say in anything? or you talking about the wife/husband?

        • websterp on 28/07/2024 - 15:32

          LOL. Looks like you've never stepped into a dealership.

          • Brick Tamland on 28/07/2024 - 15:36
            +2

            @websterp: I bought a brand new subie about a year ago. Never met any finance manager.

          • Analytical Therapist on 28/07/2024 - 22:13

            @websterp: Really? When i bought my new ZS EV i walked into MG told them which model and trim i wanted, informed them that i would be paying cash on pickup and paid a deposit. I was in and out of the dealership in under an hour. On pickup day i gave them the bank cheque and was out of there with my new car within another hour.

            • Brick Tamland on 29/07/2024 - 15:37

              @Analytical Therapist: Same experience. No mucking around. The customer has the power in the relationship, don’t let them steal it with silly moves.

        • Ryk on 29/07/2024 - 13:13
          +3

          It's the delay tactic the salesmen use the make you sweat. Pretend to go away and discuss the best offer and seek "approval" from the Finance Manager".
          They dont seem to realise there is no scarcity, there are other dealers and other cars, even in the same product line, same model.

      • zanzir on 28/07/2024 - 16:35
        -1

        LMAOO

      • superuser on 28/07/2024 - 21:34
        +1

        I bought my car, took about 2 hours, driven away at a stealership.

    • Aerith-Waifu on 28/07/2024 - 23:13
      +3

      Way better than going through the BS dealers, if all cars are like this

    • johnno07 on 29/07/2024 - 23:40
      -1

      If you think this is too much effort to buy a car I'm suprised you've mustered up the energy to post a comment.

  • timthetoolman on 28/07/2024 - 07:55
    +19

    Hang on, your dad had a car crash and didn't post on Ozbargain to see what to do next? Wild scenes

    • elgrande on 28/07/2024 - 09:54
      +17

      It's the p platers obligation to make the post as they were the ones without insurance.

      • timthetoolman on 28/07/2024 - 10:24
        +1

        I swear the other half are 'in a not at fault accident, both comprehensive, what should I do?'

        • Daabido on 28/07/2024 - 11:54
          +13

          "I rolled gently into an MG4 while checking my crypto, which I bought with the savings from not needing comprehensive insurance, because my rego already comes with third party insurance. I was feeling pretty smug hiding my two pineapples from my three baby mommas. Always whinging to tap my golden arse.

          Anyways, I was expecting the bumper to bounce back, but it Pintoed itself into oblivion, crumpling like apple cores and old Chinese newspapers. Hey Deng Xiao Ping died.

          Now they say I owe this guy called Biff all this money, they're not going to give me the wreck, they're not going to give me the unexpired rego or even what's left in the fuel tank. Biff said that if I don't pay up, they're going to use my golden arse for another purpose. Is it too late to buy insurance?"

          • Brick Tamland on 28/07/2024 - 13:46
            -3

            @Daabido: Beautiful. The I drive an EV and I am superior to other lifeforms Ozbargain ode.

        • rumblytangara on 28/07/2024 - 14:56
          +3

          I swear the other half are 'in a not at fault accident, both comprehensive, what should I do?'

          Except for the the one genius in the other thread who will repeatedly insist that that comprehensive insurance doesn't cover OP's dad because the P-plater wasn't driving the MG4 at the time of the accident.

      • SuperLate on 28/07/2024 - 21:43
        +2

        P plater might be reading MS Paint for Dummies right now before posting.

    • Aerith-Waifu on 28/07/2024 - 15:36
      +1

      Well he is fully insured and not his fault. He even has footage of the guy using his phone on his rear cam, whats to post as insurance already said he is not at fault been rear ended

      • McFly on 28/07/2024 - 22:07
        +2

        Post it!

  • MS Paint on 28/07/2024 - 08:49
    +2

    What did your dad do in this situation?

    Were the Star Wars stickers a potential distraction to the at fault driver?

    • pegaxs on 28/07/2024 - 10:22
      +4

      I think the first comment there was "prophetic", to say the least…

      • MS Paint on 28/07/2024 - 10:34
        +1

        Lol. That is gold.

    • DashCam AKA Rolts on 28/07/2024 - 11:04
      +4

      Are the Star Wars stickers salvageable to put on the Tesla, or does the insurance company keep them?

      • Baysew on 28/07/2024 - 12:19
        +1

        They will return them on a platter.

    • Aerith-Waifu on 28/07/2024 - 15:39

      No he didnt end up doing the star wars thing at all due to the fact costs is over the roof. Would been cool if he did it though.

    • Nillionaire on 28/07/2024 - 09:56
      +7

      Yes? It's still the cheapest non-Chinese owned EV. No one else is even trying to compete so why would I consider anything else? Mercedes, BMW, Audi are pricing theirs way higher. Toyota made their bed betting on hydrogen over EV.

      • Daabido on 28/07/2024 - 11:56
        +4

        I think Toyota made their bed selling millions of hybrids at a profit, laughing all the way to their bed stuffed with yen. Yes, they dabbled with hydrogen, but it is just a fling.

      • dogboy on 29/07/2024 - 13:35
        -1

        Because of the owner and their value is in freefall while hybrids value holds very strong. So you are buying something that will be worth a lot less in a few months. Also lots of build quality issues and other software issues. Have you done any research?

        • Nillionaire on 30/07/2024 - 09:29
          +1

          Cool but I and many other people aren't interested in a hybrid but a full EV. I don't like the owner but that doesn't have any relevance to me, I don't know about the good or shitty things the owners of other companies. I'm mindful of build quality and software issues but as I said, there is no competition at its price range at the moment, and it's not like the more expensive European EVs are fault free or significantly more reliable. Anyway, I'm merely answering why many people still buy Teslas, regardless of your perceived lack of value and faults associated with it. And as for its value being in freefall, this is great. I love that EVs are becoming more affordable.

        • I like freestuff on 30/07/2024 - 19:32

          From reading threads on here and other forums it seems the ones made for Aus market don't have the build quality issues that USA ones do because they are made elsewhere. Of course you would be aware of that if …you had done some research….

    • changyang1230 on 28/07/2024 - 10:38
      +3

      Yes despite concerted efforts.

      I have both a Tesla and Kia, and as much as I dislike Musk as a person, I have to say that Tesla still has the edge for the polish of their features, overall driving experience, slickness of autopilot and charging experience etc.

      People like to conflate their hate for the boss and the brand itself, but Tesla in itself makes good cars.

  • Brick Tamland on 28/07/2024 - 09:48
    +2

    You can be bothered with that malarky.

    Lots of commenters saying to pay before you pick up the car. My advice is do not do that. Don't settle the car until you see it and are happy with the condition of it.

    Tesla are famous for being in unacceptable condition on pick up that there even is a tick off template available to help on pick up
    https://www.etsy.com/listing/1333863726/tesla-model-3-delive…

    • pegaxs on 28/07/2024 - 10:15
      +5

      lol @ paying for a "Tesla pre-delivery checklist". This is peak Tesla ownership.

    • Aerith-Waifu on 28/07/2024 - 15:39

      So Tesla allow you to view the car first, then pay up?

  • pegaxs on 28/07/2024 - 10:14
    +1

    The guy who rear ended your dad was talking on your dad's phone??

    1: Read the T&C's? It will be in there somewhere.
    2: At worst, you cancel the order, lose the $400 deposit and reorder at the new reduced price, still getting $1600 off.
    3: Before the car is handed over usually.

    • MITM on 28/07/2024 - 12:31
      +1

      No, talking TO his dad, saying he was coming up behind him.

    • UltimateAI on 28/07/2024 - 22:42

      To-date Tesla have always passed on any reduction in price without notice.
      Final invoice will reflect any reduction in price. They won't ofcourse charge for an increase.

  • altomic on 28/07/2024 - 10:46
    +1

    How did someone talk on your dads phone AND rear end his car?

    • AdosHouse on 28/07/2024 - 11:00
      +3

      Stole his phone, rammed him after doing so to assert dominance.

  • MITM on 28/07/2024 - 11:28
    -3

    You will get your deposit back, but you'll have to pay a cancellation fee equal to the cost of the car.

  • Mikefr on 28/07/2024 - 12:17
    -3

    Supply shouldn’t be an issue, as they’ve been in storage yards off the ships and sitting unsold. Battery degradation from the extended sitting may or may not be an issue.

    • Aerith-Waifu on 28/07/2024 - 15:40

      Current pricing is $61500 for a Hardware 4 in white. And no supply issue indeed.

  • MITM on 28/07/2024 - 12:35
    +1

    1: Is the sale binding with no chance to back out if there are major delays or anything?

    If your dad does back out, please check the rear vision mirror before doing so and avoid rush hour to avoid major delays.

  • FlyingMiffy on 28/07/2024 - 19:59

    If you are worried about Tesla adjusting price - dont get one for the next two or so quarters. Based on the results from this month, they will drop prices more. They've already taken about a 15% drop in margins per vehicle and will probably go further to meet sales expectations. The 85% increase in their share price since the start of this year had nothing to do with unit sales but because of it, they are likely to have made enough to be able to fund a sales campaign to meet targets before the calendar year ends.

    • greatlamp on 29/07/2024 - 06:10
      -1

      Cutting prices is a last resort for any company. Investors care about revenue and they care even more about net profit.

      Price cuts depend on their excess capacity and what the Chinese brands are doing. Elon has announced they are moving the plant out of CA for some made up reason. Jobs cuts will be incoming and the excess capacity will disappear. There's also signs the Chinese economy has bottomed out, so more cars will end up being sold domestically.

      This could mean the end of price cuts, but as you say, maybe one more

      • Chandler on 30/07/2024 - 11:54

        Investors care about revenue and they care even more about net profit

        Investors care about line charts heading in an upwards direction.

        Revenue, yes.
        Net profit, yes.
        # of sales: also yes.

        You can decrease sell price and still increase revenue.
        If Tesla do not decrease sell price, they could still increase revenue but could see a decline in # of sales, which would put the line going down. Down = bad. Even with every other line going up…

        Hell I'm sure you could show a chart of, oh I don't know, cost of sales, and because the line goes down some investors will think it's a bad thing…

        • greatlamp on 30/07/2024 - 12:49
          +1

          Investors are not that ignorant.

          The market moves based on the choices of those with significant capital, and they employ a standard set of tools such as a discounted cash flow model.

          Everyone else just follows along for the ride. The opinion of someone who doesn't know what cost of sales is doesn't matter to anyone.

          Of course you can decrease sell price and still increase revenue, by selling more units.

          If Tesla do not decrease sell price, they could still increase revenue but could see a decline in # of sales.

          They cannot increase revenue at the same time as decreasing sales. They can increase profit while decreasing sales, if they cut costs. Which is why they are moving production to Mexico, with a minimum amount of final assembly in Texas.

          Or if you believe Elon, production is moving out of California because it is 'woke'.

          • Chandler on 30/07/2024 - 13:38

            @greatlamp: I wasn't implying the market acts that way, but some individual investors do… have you seen some of the posts on here?

            It's sort of the opposite case of Tommy Lee Jones' quote from Men in Black - the market is smart, individuals are (can be) dumb.

            Although having said that, some of the knee-jerk reactions from the market are stupid. But that's what happens when you base decisions on algorithms.

            • greatlamp on 30/07/2024 - 14:17
              +1

              @Chandler: Like I said, the opinions of those individuals does not affect the market and does not affect the decisions of the board of public companies. The opinions of poor ignorant idiots doesn't matter to anyone that matters, so it shouldn't be given your consideration either.

    • shutuptakemymoney101 on 29/07/2024 - 19:56

      Maybe someone should have told Hertz and Sixt about the possibility of Tesla dropping prices. lol

      https://www.reuters.com/business/autos-transportation/hertz-…

      https://www.carexpert.com.au/car-news/why-sixt-is-dropping-t…

      • derrida derider on 30/07/2024 - 18:52

        Hertz in particular was famously stupid. Fancy buying a fleet of cars in 2019 AT FULL RETAIL PRICE (Musk the man-child actually boasted about that) - and from someone whose whole fortune depended on EV prices continually falling, to boot. Everyone laughed at that CEO trying to pretend it was all beyond his control and he wasn't really a sucker.

  • Daddy Chill on 28/07/2024 - 20:02
    +1

    Pee Platter should come here and pos his predicament

    • McFly on 28/07/2024 - 22:04

      Pee Platter
      pos

      🤔

  • Drpepper666 on 28/07/2024 - 21:25

    Elon said soon you can buy a Tesla and it will drive across the country to your door, no need to pick it up.

    • McFly on 28/07/2024 - 22:05

      Plus if you get it that way it comes with complimentary 'hood ornaments'!

  • UltimateAI on 28/07/2024 - 22:41

    Unlike other makes, to-date Tesla have always passed on discounts (price reductions) to those that have ordered but not yet taken delivery.
    They often don't even advise until you see the final invoice and see the reduction.
    But they won't\can't increase the price.

  • hopper on 29/07/2024 - 07:39
    +1

    Used tesla cars are more a bargain atm. You might want to consider

    • Aerith-Waifu on 30/07/2024 - 03:07

      Not a lot around, there is one guy selling the 2021 model for $37999 with 30k on the clock. But the ad has been there for weeks and he still has not sold it. Which leads to me there is more to the price if the price is this good……….who knows

  • hopper on 29/07/2024 - 07:41

    Imagine once mobile manufactures like samsung and oppo starts making cars. They will be cheap as chips

    • Fredfloresjr on 29/07/2024 - 09:39

      Oppo's first car model,

      Premium model that includes Antenna for better TV/Radio reception.

  • SupeNintendoChalmers on 29/07/2024 - 14:50

    OP, why not a BYD seal?

    • Has an actual speedo
    • Has a warmer interior to the 3
    • Doesn't look like a dropped pie
    • Ride is less harsh than the 3 (so I've heard)
    • ReaperX22 on 29/07/2024 - 15:31
      +1

      The new 3s ride has been substantially adjusted and interior noise reduction make it far more premium the the original model 3 version. (check carexperts review for example).

      I kinda like the new Telsa model 3 design. I cannot stand the removal of the stalks but otherwise it seems quite nice.

    • mboy on 29/07/2024 - 15:48
      +1

      Curious to hear others' thoughts, but as someone who test drove both the BYD Seal (Premium) and Tesla Model 3 (RWD) a month ago, this is the only point I can't agree with:

      Ride is less harsh than the 3 (so I've heard)

      The drive on the 3 was very smooth, steering felt sporty, snappy acceleration, brakes responsive but not grabby, cabin was very quiet - more isolated than I've ever experienced - kinda surreal.

      The drive on the Seal wasn't nearly as smooth (got a weird suspension swaying effect on one road), steering felt ok, less snappy acceleration, brakes way too oversensitive (even after setting braking mode to 'comfort'), cabin picked up a fair bit of road noise.

      Seriously, I'd be very surprised to hear someone say the Seal is a less harsh drive than the 3. Unless there was something wrong with the one I test drove.

    • MetaphorOZB on 29/07/2024 - 15:58
      +2

      My personal experience after driving both was that the Telsa excelled at everything compared to the BYD.

      • serpserpserp on 29/07/2024 - 21:10
        -3

        Strange. Most people find the Seal better

        • mboy on 29/07/2024 - 22:14
          +2

          People like to criticize Tesla for various other reasons. But I’m talking specifically about how each car feels to drive and putting aside other valid criticisms like the lack of gear stalks, heads up display, minimalist interior, etc.

          With all else equal, Tesla felt to me like the far superior drive. Mind you, I’ve never driven a Tesla prior to the Model 3 2024 model, so I can’t speak to the previous year’s models - just the latest.

    • Aerith-Waifu on 30/07/2024 - 03:05
      +1

      He did not like the Seal one bit, the driving is just not as refined and there are more cabin noise compared to the 3, also the updated 3 overall give him a far more refined feeling especially accelerating and turning. I personally have not driven both hence I cant really say which one is better

    • DingoBilly on 30/07/2024 - 12:35
      +2

      People buy into brands at end of day. It's easier to buy the car from the well known dude than the scary Chinese car.

      But agree with you, you'd be a fool to buy Tesla after the last 2 years of Tesla.

      • mboy on 30/07/2024 - 13:18

        you'd be a fool to buy Tesla after the last 2 years of Tesla

        I'm on the cusp of ordering a Model 3 myself, so I'm asking this legitimately, I'm not at all on the attack here: Can you explain what's happened in the last 2 years?

        If you're talking about depreciation, has that not happened because Tesla has lowered their margins to compete with the new Chinese players? And if that continues into the future, can you explain why that isn't also going to apply to the BYD given that the Seal and Model 3 pricing isn't far apart when comparing similar specs?

        For example, the Tesla Model 3 RWD (entry trim; 0-100 in 6.1s, 513km range) is $60,158 drive away. Meanwhile, the BYD Premium (mid trim; 0-100km in 5.9s, 570km range) is $58,798.

        • Caped Baldy on 30/07/2024 - 15:07

          For me, Elon is being a right-wing nutbag and erratic (10ish estranged kids, bought xitter, kissing Trump's ass).

          On the car side of things, Tesla have been cost cutting like no indicator stalks, no HUD, losing LiDAR, no gear selector (touch screen gear selector). Tesla should have focused on a smaller cheaper car and not the Cyber Truck which is really bad. Can't even take it into a car wash without activating a special carwash mode. There's 3 or 4 better and more conventional electric trucks.

          Realistically, the M3 will still be a very solid car and a good starter for people wanting something easy in the world of EVs. Their software is the best - road trip navigation includes Tesla charging points along the way. Other manufacturers are good at some stuff and bad at others. Storage in the Tesla's are top of the class as well.

    • UltimateAI on 30/07/2024 - 15:07
      +1

      I am considering a BYD as they are great, but frankly a Tesla they are not. Chalk and cheese really, Tesla M3 is better on all metrics.
      BYD driver assist is a massive negative.

  • Drakesy on 29/07/2024 - 16:14

    Buy a secondhand Tesla, brand new ones are depreciating like a rock.

    • shutuptakemymoney101 on 29/07/2024 - 20:11
      +1

      @Drakesy, Hertz/Sixt agree with you and are cutting their ties with Tesla.

    • serpserpserp on 29/07/2024 - 21:08
      +1

      Second hand ones aren't very cheap

    • Aerith-Waifu on 30/07/2024 - 03:03

      I had a look the ads and i can not find a good valued Y in WA.

      Please give me a link if you know any?

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