When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
So, technically he will get his deposit back which I’m assuming is 10% of the total price and a $10k bonus from the new buyer? Am I reading that right?
So, technically he will get his deposit back which I’m assuming is 10% of the total price and a $10k bonus from the new buyer? Am I reading that right?
Under California Code, Vehicle Code - VEH 11736
It is unlawful for any dealer licensed under this article to do any of the following when brokering a retail sale:
(c) Fail to refund any purchase money, including purchase deposits, upon demand by a consumer at any time prior to the consumer's signing of a vehicle purchase agreement with a selling dealer and taking delivery of the vehicle described in the brokering agreement.
Depends on your relationship and intention with the dealership and management team. In this case, OP is looking to pocket the ADM. if anything, dealer is making the ADM, not the guy who ordered the car and backs out. I see nothing else wrong about what I said, let alone the deposit.
You're just talking in circles. You should reread the ad.
This is precisely what is wrong with the Porsche "market" as it applies to life long enthusiasts of the brand. I've been waiting for my deposit to turn into an allocation for 16 months now. And there's people taking allocations and speccing cars knowing full well they won't be taking the car. To me, it's souring things significantly.
Do you not let people do terrible, high dollar specs, unless you know they are truly good for it?
I don't let people who turn in bad specs get allocations, as a general rule. I did threaten a sales manager that he would have to buy the Lava Orange Cayenne Coupe with truffle/cohiba interior and orange wheels if the client backed out.