"TikTok user @1xchan_ posted a video explaining that she had been driving her new Tesla for nearly a month when the dealership informed her that the bank hadn't actually approved her loan. The video has amassed more than 77,700 views. I FEEL SCAMMED! she shared in the caption. I really can not believe this is happening!! Why Was She Able To Take The Car? She asks how she was able to drive the car off the lot if her loan hadn't yet been approved."
"The scenario she describes is likely what is referred to as spot delivery, which is when dealerships let customers drive away with a car before financing is fully approved. This tactic is often employed by dealerships to lock in a customer's sale before their financing can be approved, preventing the customer from changing their mind. Generally, spot deliveries are considered legal."
A Knoxville buyer drove a newly purchased Tesla for nearly a month before the dealership notified her that the bank had not approved her loan and required return of the vehicle. The buyer received a full refund without issue. The situation matches a known practice called spot delivery, where customers take possession before financing is finalized. Spot deliveries are generally legal but can become problematic if dealerships use them to pressure customers into additional agreements. After the return, the buyer learned from a salesman that the Tesla had been wrecked and that those problems had not been disclosed.
Read at insideevs.com
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