3 ms·

> No consequences You would need to do a lot of due diligence to make sure you really have no costs. Many car companies fully split their lending and you might

> No consequences You would need to do a lot of due diligence to make sure you really have no costs. Many car companies fully split their lending and you might end up with costs on not going through with lending even if you get your money back on the car.. Insurance companies, DMV registration taxes, etc, might try to hit you a little bit on rounding and can have some non-refundable charges but more significantly, will mess with you on paperwork which is all the hassle of work. I doubt many people went through with that, though I can imagine people who started on impulse created weird situations for their sales teams and weren't worth the hassle.

bartread 6y ago
A lot of these things aren't issues in the UK. You'd have to make sure you have insurance cover, and pay vehicle excise duty (low to non-existent on a Tesla because it's an electric vehicle), and that's it. All finance has a 14-day cooling off period so no worries there either. Still, it's not hassle free: you have to arrange insurance, then cancel it, register the vehicle, unregister it, pay the VED, cancel that. It's definitely a PITA.
- chrisseaton 6y ago
  Right - I can't believe people are doing this frivolously.