What does "take delivery" mean?

Ask the Hackrs
1

I want to lease a Chevy Bolt, the incentives end later today. I have to “take delivery” by the end ofthe day today. Does this mean i have to physically drive off the lot? Or have I taken delivery as soon as the contract is signed?

This is in California if that makes a difference.

2

Must take delivery = sign by and take ownership on that day in most states. Since you are in CA, you don’t technically own the car until it leaves the lot, and can technically back out of a sale until then, so you’d have to drive off the lot.

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