Deposit Amount?
Thread Starter
Intermediate
Joined: Jan 2013
Posts: 41
Likes: 28
From: Las Vegas
Deposit Amount?
Sorry if this has been covered already. My dealer wants a $20k deposit to order my C7. This seems reasonable but I just wanted to check with the board to make sure this is par for the course.
Thanks!
Thanks!
Race Director
Joined: Feb 2012
Posts: 10,776
Likes: 11
Melting Slicks
Joined: Mar 2005
Posts: 2,338
Likes: 2
From: Snohomish WA
if not, I suggest you walk...no run...away from that dealer. 
I've heard experienced everything from $1,000 when GM accepts the order to $2500 now to get in cue.....but $20K?! It's your money....but you did ask 
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
Team Owner
Joined: Sep 1999
Posts: 41,732
Likes: 1,718
From: Springfield MO
Sounds as if the dealer has few allocations and is trying to lock you in, so your don't go to another dealer when you discover that other dealers are getting C7's and this dealer isn't.
Nothing like driving by another Chevrolet dealer, that has allocations, and seeing a new C7 sitting on his showroom floor, unsold, when you are waiting for your dealer to get your C7.
Nothing like driving by another Chevrolet dealer, that has allocations, and seeing a new C7 sitting on his showroom floor, unsold, when you are waiting for your dealer to get your C7.
Burning Brakes
Joined: Aug 2004
Posts: 820
Likes: 5
From: Iowa
Anyone who deals with dealers who want UNREFUNDABLE deposits needs their head examined. There are many reputable dealers who will stand by their product and give you refundables. What incentive does the dealer have to do a good job or get you your car on time? This should be a red herring and tell you to beware of doing business with them, especially AFTER you have the car. Not worth your time
Race Director
Joined: Nov 2003
Posts: 16,066
Likes: 4,148
From: Bergen county NJ
Word of warning... A local dealer closed after taking a 30 grand cash deposit and the buyer was screwed out of his money.
The dealership owner embezzled millions and got caught and killed himself as well.
Long time dealership..
Moral of the story....don't give anyone a 20 grand deposit
Use one of the forum vendors. They are honest reputable and offer excellent purchasing experience. Msrp is the order of the day for a c7
The dealership owner embezzled millions and got caught and killed himself as well.
Long time dealership..
Moral of the story....don't give anyone a 20 grand deposit
Use one of the forum vendors. They are honest reputable and offer excellent purchasing experience. Msrp is the order of the day for a c7
Team Owner
Joined: Sep 1999
Posts: 41,732
Likes: 1,718
From: Springfield MO
Word of warning... A local dealer closed after taking a 30 grand cash deposit and the buyer was screwed out of his money.
The dealership owner embezzled millions and got caught and killed himself as well.
Long time dealership..
Moral of the story....don't give anyone a 20 grand deposit
Use one of the forum vendors. They are honest reputable and offer excellent purchasing experience. Msrp is the order of the day for a c7
The dealership owner embezzled millions and got caught and killed himself as well.
Long time dealership..
Moral of the story....don't give anyone a 20 grand deposit
Use one of the forum vendors. They are honest reputable and offer excellent purchasing experience. Msrp is the order of the day for a c7
Of course, the cost to go get a car 1500 miles away just to save $500 or a $1000 off MSRP has to be factored in. But, you might only have to go 150 miles away, or 25 miles away to get that better deal.
AIR FORCE VETERAN
Joined: Nov 2009
Posts: 6,223
Likes: 441
From: Pennsylvania
I do not want to buy a C7 from a dealer who would sell below MSRP. I wouldn't think he was to bright, giving money away that is not necessary. It would be just like "you" ( whoever that is) selling your car for less then it is worth. Ask yourself if you would sell your car for less then it is worth? ???????
Race Director
Joined: Aug 2004
Posts: 15,300
Likes: 2,262
From: NorCal
I do not want to buy a C7 from a dealer who would sell below MSRP. I wouldn't think he was to bright, giving money away that is not necessary. It would be just like "you" ( whoever that is) selling your car for less then it is worth. Ask yourself if you would sell your car for less then it is worth? ???????
Racer
Joined: Dec 2003
Posts: 265
Likes: 9
From: Gilbert Arizona
My dealer wanted just $100, but I've been buying Corvettes, Suburbans and other cars from him since 1984. The only reason he wanted any money at all was to establish the DATE of the order. When the C6 was introduced, there was a lot of grousing among the sales staff and customers about the "List". This solves the problem.