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Reservation Fee?

Reservation Fee?

I've been searching for awhile for the answer to a question I'm sure has been asked a hundred time: what happens to the reservation fee? Is it deducted from the price of the car? The down payment? Go toward the delivery fee? Is it gone? Something else?

TeslaLandShark | August 30, 2013

Back in March when I got my car they were deducting it from the final price of the car.

Brian H | August 30, 2013

It's part of your payment.

bueller | September 5, 2013

Both of those answers sound conflicting to me, I don't understand. One sounds like the car price gets reduced by 2.5k (and thus taxes are a little lower) and the other makes it sound like you just owe 2.5k less at delivery without a price change to the car.

I'm gathering on a 70k car, you'll only owe Tesla 67.5k and you'll pay tax on the 70k price.

Would be nice if they lowered the price by 2.5k and you saved yourself that $225 in taxes and about $17 in title fees (if in CA).

danej | September 5, 2013

It's a down payment toward the purchase price of the car. As required by law, you pay sales tax on the total purchase price.