Comment on People put down deposits for every electric truck in development, leaving dealers in the lurch when they eventually cancel all but one

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CoderKat@lemm.ee ⁨1⁩ ⁨year⁩ ago

They’re refundable if you actually buy it. It’s like a down payment. They only lose the money if they decide to cancel the order. That helps reduce the risk that the business will pay for an expensive car only to no longer have a buyer for it.

When these trucks are like $90k new, spending a few thousand to hedge your bets on which one will arrive is nothing. It’s like paying for faster delivery.

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