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How do I get my deposit back from Tesla?

I'm thinking about buying a Tesla, but I've heard bad things about their deposit refund policy, and I'm worried that I won't be able to do anything about it if I change my mind. Is it possible to get my deposit back from Tesla once I've paid it?

Liz Jenson · Updated on Nov 17, 2021

Reviewed by Shannon Martin, Licensed Insurance Agent.

I’m happy to say that Tesla has recently done away with their deposit requirements! While

used to require a $1,000 deposit for their cars, they have replaced that requirement with a non-refundable $100 order fee.

Unfortunately, this fee is as it says: non-refundable. If you want to try to get a refund anyway, you’ll need to contact Tesla directly to discuss your specific case. If you haven’t actually ordered your car yet (and you’ve just made a reservation), you can cancel your request on the Tesla website by logging in and clicking Manage.

When you buy an expensive car like a Tesla, you want good insurance, too. If you want to get a wide range of quotes easily, the

app can help. We’ll get you customized quotes from top insurers in seconds, so that all you have to do is pick the plan that works best for you. And once you pick one, we’ll even help you switch!

Happy shopping, and enjoy your new ride!

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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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