LexVan

I'm just having fun with you, ISPYA. My old eyes made your first post hard to read. I'm here for you, buddy. Stay healthy.

hf1

OP, if your contract is binding and if the dealer keeps your deposit if you walk away, then your only room for negotiation is the dealer’s estimate of how much he could sell your car for to someone else + your deposit. If your offer (to buy the car at a certain discount) is higher than this amount, then he is likely to do the deal. If not, then he won’t. No harm in giving him the free option to decide for himself.

Getting out of a contract is neither immoral nor illegal, it’s a part of the contract with corresponding stipulations in it stating each side’s obligations if it occurs.

All markets reprice all the time.

joejenie

In most states, it's illegal for the dealer to keep your deposit. No such thing as non-refundable deposit.

LexVan

The OP is in Canada. Different consumer laws up there. FYI.

Westcoast

For me... I don't want to renegotiate, I don't want my deposit back, I just want my car!

LexVan

Spoken like a true baller.

schweez

I have a deposit in for a GT4 in Florida. At this point I plan on keeping the car. However, with the current state of the world, I'd like to know my options as far as the deposit. Anyone know if Florida deposits are refundable? My car is V200 status. It was supposed to go into build last week but obviously delayed. I googled the question but didn't find a clear answer. Thank you.

TahouHots

likewise wouldn’t it be true then that customers are not responsible for protecting Porsche from the market either? The market was never a one way street. It’s always a two way street. They don’t have to sell. We don’t have to buy. Somewhere in the middle of that is the handshake. Sometimes they have “hand”. Sometimes we do.

AlexCeres

I certainly agree with that, but find the sense of entitlement and relish at reciprocating some of the worst dealer behaviors to be weird and distasteful.

“I found a better deal somewhere else. Do you want to match?” is a normal conversation any time. There are a lot of ways to approach this without being a total dick. I’m just amazed at the number of people who are excited about tens of thousands of people dying so they can shave a couple bucks off a car.

and if you have a dealer you like, you might want them to stay in business instead of getting bought out or closing shop. Not every deal is a transaction.

TahouHots

Agree totally on your first sentence. But truly no one here seems to be excited about anyone dying, or losing jobs. That's a bit over the top. We're talking about car prices for people who love these cars specifically. Wanting to get a deal does not translate to anyone being ok with a single person dying because of Coronavirus. Agree there are dealers good and bad. I'm working with one out of state on what I hope becomes a final purchase when we get out of this lockdown. He is selling me, but he is being respectful and helpful. I believe the car is competitively priced -- and I also believe there is more room to go down a bit. But he's a good guy doing a good job and has offered some goodness to me in the current situation -- which is great. He is the best I have worked with and even though it's out of state, I hope he and that dealer stay afloat for exactly the reasons you say. There are others I have dealt with who are very clearly looking for me to commit to a purchase asap. That's kinda rude actually. You want to marry me, you gotta butter me up a bit and show me a good time.

hf1

People seem to love drama, stories, feelings, and virtue signalling ("good/bad dealer", "good/bad customer", returning favors, exacting revenge, etc.). If you scratch below the surface there's a reality which is easily explained by: (1) people are self-interested, and (2) prices adjust to supply and demand (as they should), and there's absolutely nothing wrong with both. EVERY voluntary exchange benefits BOTH parties regardless of circumstances and past prices. Panta rei.

groundhog

In major contracts both war and pandemic can trigger force majeure. They are considered a 25 year event. Likewise with corporate risk registers both pandemics and wars are covered - the latter is why most competent companies outperformed various governments and the WHO - they did this because it was clear a pandemic was in play and thus enabled policies restricting travel, work from home, physical distancing right down to ensuring staff were given the quadraflu jab. SOP.

Maverick787

The economy is forecasted to hit -25 GDP, and fire sales in cars, homes, vacation homes will be easily had. I wouldn’t touch a new toy in 2020 unless it was a steal. Remember 2008 was the birth of Porsche VIP’s with the 918’s not moving. Dealers will be stuck with all the pre-ordered inventory, and carry cost sucks but true. This will be the reverse of ADM’s, and my grandfather wold say “it’s no fun when the rabbit has for gun”.

High end buyers are all taking a bath in the market, and I will just wait it out .........sure not paying retail for anything cash is king. May pick up a house watching a few sit hell with cars for now. But watching a PTS Speedster that’s been sitting for awhile. Make smart choices and good luck in this mess.

LexVan

I don't think so. That wasn't until about 2014.

Westcoast

Agreed, 918's are 2015 models...