Deceased Before Delivery - Need Advice - Page 6 - CorvetteForum - Chevrolet Corvette Forum Discussion


C7 General Discussion
General C7 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

Deceased Before Delivery - Need Advice

Reply
 
 
 
Thread Tools Search this Thread
Old 12-09-2017, 09:56 AM   #101
WKMCD
CF Senior Member
 
WKMCD's Avatar
 
Member Since: Dec 2004
Location: Haymarket VA
Posts: 13,742
Thanked 49 Times in 36 Posts
Default

As the executor, contact the beneficiaries. $5x divided x ways is probably not a lot of money. If your father-in-law was able to put $20k deposit on an $80k car, his estate is probably worth a bit. Let the beneficiaries decide what to do.

Been there - Done that.
WKMCD is offline   Reply With Quote
Old 12-09-2017, 11:11 AM   #102
bigsapper
CF Senior Member
Support Corvetteforum!
 
bigsapper's Avatar
 
Member Since: Feb 2001
Location: Plano TX
Posts: 1,015
Thanked 135 Times in 103 Posts
Default

Quote:
Originally Posted by Steve_R View Post
Still arguing after the OP (who isn't a Corvette owner and may never come here again) has said he's agreed to a compromise.

Edit: Yeah, the advice to call the factory directly is beyond absurd - but really funny.

.
Which makes you wonder why he came here in the first place. The fact the vehicle is a Corvette is actually immaterial in this context.

And he apparently is already referring to a lawyer. In his situation, it never would have occurred to me to post this on the internet.
bigsapper is offline   Reply With Quote
Old 12-09-2017, 12:46 PM   #103
Purple92
CF Senior Member
 
Member Since: Jul 2005
Posts: 517
Thanked 60 Times in 57 Posts
Default

First and Foremost - my condolences to you and your family on your loss !!!

Second - I think you made a wise decision accepting a $18K refund on a $20,000 deposit. Yes, getting 100% back would have been a nicer outcome for you and the estate - but people seem to forget - being an executor takes a fair amount of time even in the best of cases, and time is not free. There are lots of things that have to be cleaned up when someone passes away - and in most cases - the executor makes numerous decisions that can cost or save the estate money. (My favorite example is if a house needs to be cleaned out and sold - maybe you make a decision to throw away $5,000 worth of "stuff", and get the house on the market sooner. Doing so may save $10,000 worth of taxes and "holding costs" (utilities Insurance etc.) on the house.)

Due to the various incentives out there right now - it's almost certain that you would have lost more than $2K if you took delivery of the car for the agreed upon price and tried to sell it privately, so those suggesting that course of action have probably not looked at recent Corvette advertisements...

So - you spoke to the dealer and they upped their offer to refund 90% of the deposit. Personally, I'd say you did well !!! Would a letter from the lawyer assisting you with the estate have gotten the full 100% back - maybe - and maybe not (the specifics of the contract and the state laws come into play here), but it would have added some cost, and it MAY have caused the dealer to dig in their heels and not even up the offer to $18K... Think about it a little bit - the dealer is probably not going to do real well selling this car - Will they move it or trade it - YES.... They're going to get it in Jan/Feb, and the market for Corvettes (and other High Performance cars) in the winter months - especially in the northern states is NOT GOOD !!! So - it's quite likely that this Vette will be on their lot for a while. So - while there is some assistance from GM, the fact is that this is probably not a car they would have brought onto the lot if it had not been ordered.

Take the check - deposit it in the estate account, put the matter behind you and move on to the hundreds of other things you've got to deal with.

GOOD LUCK !!!!
Purple92 is offline   Reply With Quote
Old 12-09-2017, 12:54 PM   #104
AttyVette
CF Senior Member
Support Corvetteforum!
 
AttyVette's Avatar
 
Member Since: Sep 2008
Location: Texas
Posts: 2,980
Thanked 61 Times in 45 Posts
Default

Sorry for your step-fathers loss and glad you managed to get 90% of his deposit back — hiring a lawyer to try to get the total deposit back would still probably have cost you $2,000 dollars of your $20,000 dollar deposit money.
AttyVette is online now   Reply With Quote
Old 12-09-2017, 03:11 PM   #105
Riverdog
CF Senior Member
 
Member Since: Oct 2013
Location: "Down the Shore" New Jersey
Posts: 663
Thanks: 0
Thanked 21 Times in 21 Posts
Default

First, my condolences on your family's loss. That being said, I strongly recommend two "common sense" steps: 1. Contact a lawyer--and you already have one for the estate, so that's good--and let him/her read the contract to see if the deposit is refundable in full or only in part; and 2: DO NOT take possession of the car and have it titled. That immediately makes it a used car and it's value drops by at least 1/3.

(I bought my C6 from an estate, but after the owner had driven it 900+ miles, so it's not quite the same situation; but as to the depreciation hit you would suffer if you took possession of the car, it would be in the 30-35% range, which is typical for a full first-year depreciation on a new Corvette. Plus, you'd have to pay the state sales tax and motor vehicle fees if you take possession and title it. )
Riverdog is offline   Reply With Quote
Old 12-09-2017, 03:31 PM   #106
desmophile
CF Senior Member
 
desmophile's Avatar
 
Member Since: Mar 2017
Location: Salt Lake City
Posts: 112
Thanked 29 Times in 25 Posts
Default

Quote:
Originally Posted by Riteaidkid84 View Post
And case closed. Exactly
Sorry for your situation.

My perspective>

I hate lawyers
Is the 5K a major issue for you financially?
Seems like a pretty reasonable offer from the dealer who likely won't be able to sell the car for another 5K off the price.

As with marriages, do you want to be happy, or do you want to be right?
desmophile is offline   Reply With Quote
Old 12-09-2017, 04:01 PM   #107
JALLEN4
CF Senior Member
 
Member Since: Oct 2016
Location: DAYTON OHIO
Posts: 179
Thanked 56 Times in 35 Posts
Default

It is amazing how many people read the first post in a thread, are oblivious to several more pages of discussion, but still want to give an authoritative statement on the matter. It doesn’t matter that the situation has been settled and all the figures have changed. It is always better to not have a clue what you are talking about but to be “strong” in your opinion!
JALLEN4 is offline   Reply With Quote
The Following 2 Users Say Thank You to JALLEN4 For This Useful Post:
direct007 (12-09-2017), Steve_R (12-09-2017)
Old 12-09-2017, 04:48 PM   #108
walleyejack
CF Senior Member
 
walleyejack's Avatar
 
Member Since: Oct 2008
Location: Whitby ontario
Posts: 4,485
Thanked 228 Times in 200 Posts
Default

Quote:
Originally Posted by JALLEN4 View Post
It is amazing how many people read the first post in a thread, are oblivious to several more pages of discussion, but still want to give an authoritative statement on the matter. It doesn’t matter that the situation has been settled and all the figures have changed. It is always better to not have a clue what you are talking about but to be “strong” in your opinion!



it has long been settled and they are still ranting on. smh
walleyejack is offline   Reply With Quote
Old 12-09-2017, 05:07 PM   #109
desmophile
CF Senior Member
 
desmophile's Avatar
 
Member Since: Mar 2017
Location: Salt Lake City
Posts: 112
Thanked 29 Times in 25 Posts
Default

Quote:
Originally Posted by JALLEN4 View Post
It is amazing how many people read the first post in a thread, are oblivious to several more pages of discussion, but still want to give an authoritative statement on the matter. It doesn’t matter that the situation has been settled and all the figures have changed. It is always better to not have a clue what you are talking about but to be “strong” in your opinion!
Gosh Jallen, hope I didn't offend you with my opinion. Didn't think it was anything more than how I would approach it. Didn't read the whole thread because it was getting pretty long. Had I done so, it would not have changed what I have written.
desmophile is offline   Reply With Quote
Old 12-09-2017, 05:22 PM   #110
JALLEN4
CF Senior Member
 
Member Since: Oct 2016
Location: DAYTON OHIO
Posts: 179
Thanked 56 Times in 35 Posts
Default

Quote:
Originally Posted by desmophile View Post
Gosh Jallen, hope I didn't offend you with my opinion. Didn't think it was anything more than how I would approach it. Didn't read the whole thread because it was getting pretty long. Had I done so, it would not have changed what I have written.
Actually it should have changed what you wrote. The dealer wound up giving the OP $18,000 back and he lost two Grand not five.
JALLEN4 is offline   Reply With Quote
The Following User Says Thank You to JALLEN4 For This Useful Post:
desmophile (12-09-2017)
Old 12-09-2017, 05:50 PM   #111
desmophile
CF Senior Member
 
desmophile's Avatar
 
Member Since: Mar 2017
Location: Salt Lake City
Posts: 112
Thanked 29 Times in 25 Posts
Default

Quote:
Originally Posted by JALLEN4 View Post
Actually it should have changed what you wrote. The dealer wound up giving the OP $18,000 back and he lost two Grand not five.
Your are right there.
I was quite comfortable with him getting 15K back.
At 18 K back maybe I should have just said OK. Sorry for the loss of you father.
desmophile is offline   Reply With Quote
Old 12-09-2017, 09:48 PM   #112
owc6
CF Senior Member
 
owc6's Avatar
 
Member Since: Apr 2013
Location: Broomes Island, MD
Posts: 11,559
Thanked 1,385 Times in 1,009 Posts
Default

Quote:
Originally Posted by desmophile View Post
Sorry for your situation.

My perspective>

I hate lawyers
Is the 5K a major issue for you financially?
Seems like a pretty reasonable offer from the dealer who likely won't be able to sell the car for another 5K off the price.

As with marriages, do you want to be happy, or do you want to be right?
I disagree.

I've been on the other end of a car like that (special ordered, owner died, and the dealer put it on the lot), and it did not affect my car-buying decision one bit. They listed it, and I approached it the same as any other new car with the same considerations with regard to price and options.

The only effect that had on the dealer or myself was a cool story to tell to people, both in person and the internet.
owc6 is offline   Reply With Quote
Old 12-09-2017, 11:01 PM   #113
AttyVette
CF Senior Member
Support Corvetteforum!
 
AttyVette's Avatar
 
Member Since: Sep 2008
Location: Texas
Posts: 2,980
Thanked 61 Times in 45 Posts
Default

People that blanket state that they hate lawyers may never have needed one...So good luck if they are sued when they represent themselves in court. It can be done but wouldn’t recommend it usually. I personally never single out a profession and say I hate ( fill in the blank to the profession ) as there are good and bad people in all professions. Furthermore, sometimes the only way to settle a dispute is to use a lawyer to handle the case.

Last edited by AttyVette; 12-09-2017 at 11:03 PM.
AttyVette is online now   Reply With Quote
The Following 2 Users Say Thank You to AttyVette For This Useful Post:
1stTimeforEverything (12-10-2017), Steve_R (12-10-2017)
Old 12-09-2017, 11:19 PM   #114
Zelicious
CF Senior Member
 
Zelicious's Avatar
 
Member Since: Oct 2009
Location: Baltimore MD
Posts: 560
Thanked 8 Times in 8 Posts
Default

I factory ordered a 2018 Grand Sport from a dealership about the same time your step-father did. I did have to give a deposit but I was also told that if I didn't take the car for any reason that the deposit was 100% refundable because by law they are not allowed to keep that money. You or the estate should get all of that deposit back.
Zelicious is offline   Reply With Quote
Go Back   CorvetteForum - Chevrolet Corvette Forum Discussion >
Reload this Page
  • Deceased Before Delivery - Need Advice
  •  
     
    Reply

    Related Topics
    Thread Thread Starter Forum Replies Last Post
    [Winning] Trump to pay 5.7 million scottycards Politics, Religion & Controversy 3 02-03-2017 10:19 AM
    Difficulties Buying a New Z06 81Wayne Ask Tadge 1 07-07-2016 04:37 PM
    Courtesy Order Questions - MacMulkin Bui C7 General Discussion 38 03-24-2016 10:55 AM
    Dealer said that they will not hold my car just with deposit TofuAutoTrend C7 Z06 Discussion 94 03-19-2016 01:55 PM
    Mike Furman saves my 1st Corvette Summer My Jet C7 General Discussion 33 02-15-2016 08:48 PM


    Thread Tools Search this Thread
    Search this Thread:

    Click for Advanced Search

    Posting Rules
    You may not post new threads
    You may not post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are Off
    Pingbacks are Off
    Refbacks are Off

    Forum Jump

    Sponsored Ads
    Vendor Directory

    All times are GMT -4. The time now is 11:26 PM.


    We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
     
    • Ask a Question
      Get answers from community experts
    Question Title:
    Description:
    Your question will be posted in: