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I agree. He said he paid both with cashiers check and credit card and so my assumption is that a bank temporarily holds ownership (and financial liability) whil
by 93po 3y ago
I agree. He said he paid both with cashiers check and credit card and so my assumption is that a bank temporarily holds ownership (and financial liability) while the credit card charge becomes fully settled. I assume there was some issue with the settlement of the credit card payment (likely not the posters fault) and so there appeared to be an owed balance.
My guess is the OP did not in fact fully legally own the car at the time of towing. Which is further supported by him not having the title and financing having to change the name on the pending title
This looks more like a bank’s fault than Tesla’s fault though of course Tesla has a responsibility for the banks it chooses to affiliate with
- lapcat 3y agoThis is incorrect. "Credit cards are only accepted for the initial order fee." The order fee is $250. https://www.tesla.com/support/ordering#payment https://www.tesla.com/support/ordering#payment Also, as the Reddit post says, "Cashiers check means the amount of money is withdrawn from the bank when it’s ISSUED not cashed." Thus, nothing remained to be settled. Everything was fully paid by the time the vehicle was delivered.
- 93po 3y agoWhy would he even mention paying with card if it was only $250?
- lapcat 3y agoI don't know. It does seem a bit irrelevant, but in any case credit card charges are settled very quickly, at most a few days. The order fee (which is nonrefundable) is paid of course at the time of order, so it would definitely have been settled by the time the vehicle was delivered.
- pseg134 3y agoSo his name would have been on the title. If you buy a car but your name isn’t on the title you didn’t actually buy the car, whom ever is on the title did.
- lapcat 3y ago> So his name would have been on the title. If you buy a car but your name isn’t on the title you didn’t actually buy the car, whom ever is on the title did. Are you claiming that mistakes are never made? Clearly a mistake was made in this case. From the Tesla representative: "I am having the team fully post the funds of the cashier's check. I am redrafting the documents and title/lien to your name instead of [BANK]." Of course, "fully post the funds" is a meaningless load of garbage. (What would it even mean to "partially post" the funds from a cashier's check?) Tesla is admitting that they had the cashier's check the whole time, and cashier's checks don't bounce, which is the whole point of a cashier's check from a bank.