View Poll Results: Is your deposit refundable or non-refundable?
Refundable
26
78.79%
Non-refundable
7
21.21%
Voters: 33. You may not vote on this poll
Refundable or Non-Refundable Deposits?
#1
Drifting
Thread Starter
5K non-refundable for me. My dealer has allocation of 3 if that makes a difference here. frankly I don't care if it's non-refundable or not...... unless I die between now and delivery I will take the care no doubt!
#3
Refundable or Non-Refundable Deposits?
Which are you being quoted?
A dealership is insisting $5k non-refundable deposit. If that's the industry standard then I'm okay with it, but if the majority out there are allowing a refundable deposit I'd like to know, thanks.
A dealership is insisting $5k non-refundable deposit. If that's the industry standard then I'm okay with it, but if the majority out there are allowing a refundable deposit I'd like to know, thanks.
#5
Le Mans Master
All deposits should be refundable. Period. Its not like they're not gonna sell the car after they get it.
#7
Melting Slicks
:Your poll does not include no deposit or other therefore not a valid poll.
I can not reply to the poll because I had to leave no deposit with my dealer and my order is at 3000, some local dealers who know customers do not play that game. Only when a allocation was assigned to my order did I need to come up with any form of deposit. And at that point the order is going forward to the factory.
I can not reply to the poll because I had to leave no deposit with my dealer and my order is at 3000, some local dealers who know customers do not play that game. Only when a allocation was assigned to my order did I need to come up with any form of deposit. And at that point the order is going forward to the factory.
#8
:Your poll does not include no deposit or other therefore not a valid poll.
I can not reply to the poll because I had to leave no deposit with my dealer and my order is at 3000, some local dealers who know customers do not play that game. Only when a allocation was assigned to my order did I need to come up with any form of deposit. And at that point the order is going forward to the factory.
I can not reply to the poll because I had to leave no deposit with my dealer and my order is at 3000, some local dealers who know customers do not play that game. Only when a allocation was assigned to my order did I need to come up with any form of deposit. And at that point the order is going forward to the factory.
#9
Drifting
I put a deposit down at a local Harley Davidson dealer, refundable, and they sold the motorcycle to someone else. If I wouldn't have wrote "100% refundable" on the cheque, I would have never got my money back. It was a night mare.
#10
For non-refundable deposits where the vehicle is being financed, do they do the credit application and approve financing at the time you make the deposit? Or is that part done when the car arrives? If its the latter, what happens to your deposit if hypothetically they don't approve financing?
#11
Moderator
Refundable $1000 for me. Using a forum dealer for first time.
#12
Moderator
For non-refundable deposits where the vehicle is being financed, do they do the credit application and approve financing at the time you make the deposit? Or is that part done when the car arrives? If its the latter, what happens to your deposit if hypothetically they don't approve financing?
#14
Le Mans Master
Member Since: Apr 2013
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2020 C8 of the Year Finalist - Unmodified
I put $1000 100% refundable until I place the order for the car.
This car isn't even in production yet. For a dealer to ask for an non-refundable deposit is close to stealing.
I also bet you if you pushed him, he'd give the money back. Certainly he could resell the car unless it was in some crazy color combo.
#15
Its very unlikely that the hypothetical would happen with me but I still like to cover all "what ifs". I'll ask the dealer when I'm making the deposit.