I may have missed it in all the notes, but did he ever sign a contract? My dealer has always ordered for me without asking me to actually sign anything.

 

Even with verbal contracts and stringent state laws (Michigan where I live has binding verbal contracts), it's hard for them to force you to buy the car in any state unless you've signed a purchase agreement (which states you will buy the car) or paid a non-refundable deposit (which can be viewed as a verbal contract to buy the car).

By legal nature, if you haven't signed anything and have only paid a refundable deposit (which by it's nature is non-binding) you are not in a binding contract to purchase the car, verbally or otherwise.

You can consult a lawyer and read your state laws to be sure, but anyone who tries to tell you (without specific example) that this isn't the case is trying to scare you.

Of course the prudent thing to do regardless is to contact the dealer and explain that you'd no longer want the car and would like your deposit back. The longer you wait, the more likely it could be argued that you intended malice on the dealer, which even if the contract is non-binding could result in a lawsuit due to "irreparable harm" or something similar.

 

Well you sure have a chit ton of answers, one straight from a dealer (albeit a saint like dealer who probably gives used vettes to poor teens)

Now, what's up with the cold feet? To be blunt, the only acceptable answer, IMO, would be the cost. Your a struggling teacher who simply can't swing the payment? You gave it all away to starving Africans? You lost your mind on drugs and hookers? Make it a good story, there hasn't been any good threads for a few weeks.

But oh man, if you say your scared of overheating, orange peel, bad shifting, chitty cup holders, man, that would be some exciting stuff!

 

And that is why I, and many others, bought a Corvette from Mike. Mature and sensible attitude with all his customers

Mark

 

No matter the reasons, I strongly encourage you to immediately approach your dealer and deal with him honestly. Don't make up excuses that aren't real - be honest with him. Most good people will bend over backwards to be fair with someone who is honest with them (some won't, but a good dealer will most likely follow Mike C's response). None of us are worth crap without our integrity. Best of luck in deciding whether or not to take it.

 

Do this ASAP if you are set on not wanting the car.

 

As someone who has bought 438 (maybe 439 after today) in the last 28 years I will tell you this, first in PA (where I live) you have 72 hours to cancel a contract, which means you can bring the car back and hand them the keys. I have done that once (2004 Porsche Cayenne Turbo), a brand new car than looked like someone washed it with steel wool. I bought another one at another dealer the same day. I do not know what rules apply in other states, but my guess is that the dealer will not want the hassle of going after someone to force them to buy the car they ordered. After all they would have to actually have the car and legal actions take time and they would have to keep that car in their stock until it was settled, and they could loose. Just call them and say I changed my mind. The worst thing will probably be they will never order another car for you.

 

Wait, you have bought 438 "cars"???

 

Yes, in the last 28 years, I keep quite a few at a time, after today it will likely be 3 just this year.

 

If the dealer's order has not been filled by GM yet, they have essentially done nothing but hold your money while waiting for an allocation. In this scenario it has cost the dealer nothing and you should get your money back.

 

Reminds me of my 1st Vette, a 1988. I had picked exactly the options I wanted, didn't expect anyone at the dealer to know as much about the Vette than my research! I was right.
Went to the sales manager at the local dealer with a MSRP and Dealer Cost sheet (knowing there was more profit than shown.) Quickly reached an agreement on price and he placed the order.
However he said it was a standard shift and it would not be easy for him to sell if I backed out and wanted $2000 assurance money. No problem for me, it was a week before the market crash and I had just sold some stock to buy it! Also can't blame the dealer.
Funny when I got the car one of my younger product managers, who had a Vette, said, "What's the matter too cheap to buy an automatic!" I just smiled. That Doug Nash two speed electrically engaged planetary overdrive behind a 4 speed cost the same as an automatic!
He would just not understand I have never owned a DD that was not a standard shift!
Of interest that was my 2nd 7 speed (the Doug Nash overdrive was only usable in 2nd, 3rd and 4th.) My first 7 speed I sold when I got the Vette. Actually it was an 8 speed Dodge Colt Turbo that I put on large diameter wider wheels, Pirelli P7's, exhaust system etc! It was actually only a 7 speed since two of the gear ratios were identical. That overdrive operated with 2 levers like an 18 wheeler! Lots of fun using the emergency brake to make turns (with the button pushed in!)

 

Though we're all still waiting with bated breath for him to elaborate on the "*" where he indicated he refunded people without hesitation (implying there was more to be said or an exception).

 

The * was for the final sentence in reference to being honest sooner then later. I have always refunded the deposit as it is a 100% refundable deposit. I write that on the receipt of said deposit.

Mike Furman

 

This is what I was thinking . If these cars are as hot as people like to think they are , then why would a dealer hesitate to accept the cancellation ? They should be able to easily sell it anyway. And that is good for business to handle it that way. A thumbs up to Mike Furman.

 

Great advice, Z. My thoughts exactly.

 

Sorry for the typo. Just the same , you get the thumbs up Mike .

 

It is possible, especially when exercising the Color Override option, to order a vette that is almost un-sellable to a walk in buyer.
The ever present "Ronald McDonald" combo comes to mind. Yellow car with red interior, it seems a few get ordered every year. I would not want to be a dealer with that car on my floor.
When I ordered my Z06 with the Twilight Blue interior, since it was a totally new and unknown option, my dealer said once the order was accepted, the deposit became non refundable.

 

Mike: this is just one more reason why you do all of the business that you do. A model for how Corvette buyers should be treated. Please come up here to Canada and show them how it should be done!!

 

Based on a reply in a different thread the OP has apparently changed his other mind and decided not to cancel his order, but not update this thread.

 

Last year I had a sold factory order cancel that was a Yellow with Red Cpe. Sold it within two weeks to a gal in Georgia and she was thrilled to get it.

Mike Furman