Average deposit
#1
Average deposit
Well since it will likely take a year to get any 992, I was wondering how much $ on average did you leave on deposit for your allocation. I would not want to leave a 5 or 10k deposit when that money cam be working for me instead.
thanks
thanks
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Vernin (07-12-2023)
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Just J (07-07-2023)
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robert310 (06-09-2022)
#6
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#8
I put no deposit down.
But if the dealer insists, then leave them with a CC, and fill out the form to run your CC but tell them not to run the card unless for some strange reason the deal falls through -- and even then the deposit is fully refundable.
Or, if they insist, ask them you'll charge them interest at LIBOR + 1%. Compounded daily.
But if the dealer insists, then leave them with a CC, and fill out the form to run your CC but tell them not to run the card unless for some strange reason the deal falls through -- and even then the deposit is fully refundable.
Or, if they insist, ask them you'll charge them interest at LIBOR + 1%. Compounded daily.
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Vernin (07-12-2023)
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Vernin (07-12-2023)
#15
It's always refundable and many states explicitly don't allow a non-refundable deposit for cars.
Unless you're ordering some freakshow spec (Ronald McDonald colors, etc), the deposit should be fairly modest -- around $2k is pretty typical. Once you're established as a customer that "goes all the way", ie completes a few transactions, they get even smaller and even a handshake may suffice.
Sometimes a dealer will ask for another deposit when lock time comes around. This is done primarily as a checkpoint to verify that the buyer is still serious. There's a long waiting list of people who would love a build that isn't locked yet. If you were to bail, even after the lock, the dealer could easily a 992 to someone else right now. In fact, the car would have another buyer before the transporter even got to the lot.
It should be noted, that regardless the size of the deposit, it's not YOUR car until the transaction is completed on delivery day. It may appear in TYD and it may be built to your spec, but "stuff" can happen. If a buyer doesn't take timely delivery or runs into financing/cash issues, demand is so high that cars have ended up in the hands of another buyer. You should have your house in order well in advance of delivery day.
Unless you're ordering some freakshow spec (Ronald McDonald colors, etc), the deposit should be fairly modest -- around $2k is pretty typical. Once you're established as a customer that "goes all the way", ie completes a few transactions, they get even smaller and even a handshake may suffice.
Sometimes a dealer will ask for another deposit when lock time comes around. This is done primarily as a checkpoint to verify that the buyer is still serious. There's a long waiting list of people who would love a build that isn't locked yet. If you were to bail, even after the lock, the dealer could easily a 992 to someone else right now. In fact, the car would have another buyer before the transporter even got to the lot.
It should be noted, that regardless the size of the deposit, it's not YOUR car until the transaction is completed on delivery day. It may appear in TYD and it may be built to your spec, but "stuff" can happen. If a buyer doesn't take timely delivery or runs into financing/cash issues, demand is so high that cars have ended up in the hands of another buyer. You should have your house in order well in advance of delivery day.