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Nonrefundable deposit?

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Old Oct 14, 2005 | 08:18 PM
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Default Nonrefundable deposit?

Has your dealer asked for a deposit and if so was it refundable?

If he says it's nonrefundable should I run?
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Old Oct 14, 2005 | 08:23 PM
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Originally Posted by 66dreams
Has your dealer asked for a deposit and if so was it refundable?

If he says it's nonrefundable should I run?
Uh..............YES

Cajun
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Old Oct 14, 2005 | 08:27 PM
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my guess your a kinda young guy, Yes confirm it is refundable and if he indicates no tell him politely that is a nonstarter. if he still balks walk away. Despite what the dealers would lead you to believe there are plenty of cars around( just not a lot of Z 51's)
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Old Oct 14, 2005 | 08:28 PM
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I do beleive they are required by law to have it refundable (at least in CA).

However, they usually don't tell you the are obligated to make it refundable. Instead they say 'don't worry we will refund it because we can sell the car anyway".

Bottom line - run run run
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Old Oct 14, 2005 | 08:32 PM
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Thanks!

I thought that was rather odd. I definately balked at the idea.
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Old Oct 14, 2005 | 08:33 PM
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put it on your American Express card.
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Old Oct 14, 2005 | 08:34 PM
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Yes, yes, and yes.
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Old Oct 14, 2005 | 08:43 PM
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When shopping remotely with Maxie Price Chevy, I have put a deposit down before I drove out and picked it up. I asked them about it, and they said that if I didn't like the vette, my deposit could go towards any other vehicle they have or could order. Both times I've visited Maxie Price, I've driven away in a new vette, and they've been near perfect. I didn't ask them or press them if the deposit could be refunded.
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Old Oct 14, 2005 | 08:47 PM
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Originally Posted by ljtC6
put it on your American Express card.
No, I figured I would just give him a wad of cash. I can trust him.
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Old Oct 14, 2005 | 09:03 PM
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Originally Posted by GTC
When shopping remotely with Maxie Price Chevy, I have put a deposit down before I drove out and picked it up. I asked them about it, and they said that if I didn't like the vette, my deposit could go towards any other vehicle they have or could order. Both times I've visited Maxie Price, I've driven away in a new vette, and they've been near perfect. I didn't ask them or press them if the deposit could be refunded.
That's interesting. It sounds like the Maxie Price deposit is in fact nonrefundable. I don't think I could go that route but thanks for the info.
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Old Oct 14, 2005 | 09:03 PM
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Originally Posted by 66dreams
No, I figured I would just give him a wad of cash. I can trust him.
Yep thats correct.

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Old Oct 14, 2005 | 09:12 PM
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Originally Posted by 66dreams
No, I figured I would just give him a wad of cash. I can trust him.

Well then what's the problem smart guy?! If the dealership tells you they won't refund your deposit you'll call AmEx and it will be off the next day. End of story. End of post. Good night. Non-issue.
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Old Oct 14, 2005 | 09:49 PM
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Originally Posted by ljtC6
Well then what's the problem smart guy?! If the dealership tells you they won't refund your deposit you'll call AmEx and it will be off the next day. End of story. End of post. Good night. Non-issue.
Hey don't take offense. I was kidding.
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Old Oct 14, 2005 | 10:04 PM
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I put my $1000 deposit on my GM Mastercard. With 5% earnings that was an easy $50 earned towards my new C6!
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Old Oct 14, 2005 | 10:40 PM
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When I got jacked around by my original dealer re: order status, I discovered the forum, placed an order with Rick Daniel at Les Stanford, then went back to the salesman at the original dealer and asked for my money back. I stressed to him what a nasty thing GM does by not supplying the salesmen who are trying to sell these expensive Chevys and the unfairness of the allocation process... He gave me the deposit back, no problem.
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Old Oct 15, 2005 | 11:01 AM
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When ordering or taking delivery, the purchase order is a form of contract that would be binding in court if the dealer wanted to pursue. Until you sign the paperwork, and take (PHYSICAL DELIVERY). That would be you, driving the car off the lot, even a short distance, deposits are refundable without the words nonrefundable printed on it in most states.
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Old Oct 15, 2005 | 11:19 AM
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Originally Posted by 66dreams
Has your dealer asked for a deposit and if so was it refundable?

If he says it's nonrefundable should I run?
Run away fast, and if he chases you, you
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Old Oct 15, 2005 | 11:24 AM
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He should refund the deposit if you don't take the car. If not, ask him why he won't. Tell him that most dealers do and that you will just go somewhere else and he will lose the sale. There are many dealers will want your business and will be straight with you.
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