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Did Porsche change the terms on these deposits? When they were announced, local magazines reported (correctly) that these "reservations" don't reserve anything,
by lazyjones 8y ago
Did Porsche change the terms on these deposits? When they were announced, local magazines reported (correctly) that these "reservations" don't reserve anything, all Porsche owes the payer is regular information about the vehicle. In particular, they don't affect the deliveries in any way.
They're basically refundable deposits with no obligations on either side, so 20.000 wealthy people either misunderstood the terms or paid to receive newsletters.
- BoorishBears 8y agoSounds exactly the first Model 3 reservations... sans securing the beta build of a car (which is a plus for some) Maybe they just really want the car and can afford a deposit.
- mikeash 8y agoSecuring a spot in line was the whole point of Model 3 deposits.
- amscanne 8y agoIIRC, the order of deliveries depended on state and the specific build and options. This was clear up front.
- braythwayt 8y agoPerhaps you are both correct, and the reservation secured your spot in line. Not a global line for all Model 3 sales, but a small line for your particular combination of build and options.
- mikeash 8y agoYes. Having a reservation let you order earlier. All else being equal, an earlier reservation let you order before a later one, but there were other factors as well. I saw both sides of this, placing a reservation and then ultimately waiting for a version that didn’t require one. I did get a chance to order before it opened up to the general public, but I didn’t take advantage.
- yumraj 8y agoYeah, but based on the announcement of $35K car which was not what was delivered for over a year, so the terms only applied to the customer not Tesla and the spot in line didn't matter much.
- braythwayt 8y agoOr they're a way to put dibs on a spot in line to decide whether to buy the car, and the size of the deposit exists only to ensure that people are minimally serious. In which case, there is some signal to be extracted from people's willingness to give Porche an interest-free loan on the deposit money.
- mrleiter 8y agoI wonder how they structured it legally. Does anyone have a contract, either in German or English? Can't seem to find it online.