Re:Reserving your Model 3
by pkaye on Monday March 21, 2016 @11:32AM
(#11328770)
It is like a car rental reservation.
[ Parent
| on HN ]
No rental car reservations (in the US)(that I know of) require a deposit...
I think they do. They place a hold in your credit card.
Years ago I got rejected at Hertz because the total amount + hold was greater my credit limit
It's called an "authorization hold" https://en.wikipedia.org/wiki/Authorization_hold
Right, that's once you have the car.... but not when you're making the reservation.
Most rental car companies (Budget, Enterprise, Thrifty, etc) require a deposit which is held against your credit/debit card. It's typically >=$200, but they usually require a larger deposit if you use a debit card. I've been required to put down $400 in the past. They often don't make this deposit obvious, but you will definitely see it reflected in your card's account activity.
Would genuinely love to hear about companies that don't require this deposit.
Re:Reserving your Model 3
by asavadatti on Monday March 21, 2016 @06:49PM
(#11332829)
What you said is true after you rent the car.
No rental car reservations in the US require a deposit while reserving a car.