Deposit refund
Pro
Joined: Jul 2004
Posts: 681
Likes: 39
From: Columbus Indiana
I put a deposit down on a C8 in early August. Like many, my order status remains at 1100. Times being what they are, I have reached out to the dealership to request a refund of my deposit. My rationale is that my order was for a 2020 model, and they will unable to build one (the Corvette Concierge even said this is highly unlikely). I don't want the order submitted later to GM, only to be told later that is being changed to a 2021. Do you guys think my request is reasonable? Hoping you guys get your cars soon...I've enjoyed seeing the photos. Thanks all.
Melting Slicks
Joined: Nov 2019
Posts: 2,528
Likes: 1,567
FWIW, I contacted my dealer on March 18th (the day GM announced the closure of Bowling Green and the rest of their assembly plants), requesting that they cancel my order and refund my deposit. My order was at 3000. It took about a week, but I did get my deposit refunded. It's all about the person you are working with at your dealer.
Drifting
Joined: Nov 2015
Posts: 1,333
Likes: 397
From: Clay New York
At this point in time the dealer can not say the car will or won't be built. Up until they have confirmation that it won't they can more than likely hold on to your deposit. Unfortunately I think you're simply going to have to wait. On the bright side the $1200 stimulus check should get you by.....
Pro
Joined: Feb 2016
Posts: 704
Likes: 407
From: St. Louis area
You need to talk with your sale person and the GM of your dealership to find out how they handle the cancellations. In addition to the refund that should be no problem at all, you’ll want to find out how they are handling the que for 2021 orders. They have probably accepted deposits for 2021 orders, so if you want to order a 2021, does your 2020 order will guarantee you move to the head of the line or do you fall behind those 2021 deposits.
Burning Brakes
Joined: May 2000
Posts: 899
Likes: 166
From: miami, florida, usa
You need to talk with your sale person and the GM of your dealership to find out how they handle the cancellations. In addition to the refund that should be no problem at all, you’ll want to find out how they are handling the que for 2021 orders. They have probably accepted deposits for 2021 orders, so if you want to order a 2021, does your 2020 order will guarantee you move to the head of the line or do you fall behind those 2021 deposits.
Last edited by c5vette73; Apr 16, 2020 at 12:18 PM.
Melting Slicks
Joined: Oct 2016
Posts: 2,873
Likes: 2,505
You have no way to definitively know that. How the progression is handled will be the sole decision of the respective dealers. There is no guarantee it will be done what may well be the right way.
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Burning Brakes
Joined: May 2000
Posts: 899
Likes: 166
From: miami, florida, usa
I have it in writing.
That’s the fair way to handle the situation in my opinion.
Last edited by c5vette73; Apr 16, 2020 at 12:41 PM.
Drifting
Joined: Dec 2013
Posts: 1,787
Likes: 646
From: Retired to Mississsippi.
Now my only issue is hoping the Dealership doesn't go BK and I have to go to Court to try and get my Deposit back.
I am still thinking that my 2020 HTC Order will end up being a 2021 Model. If so, I will add the stand alone Mag Ride if in fact it is offered since I didn't go with the Z51 this time around. I loved the Mag Ride on my Z51 equipped 2014 Coupe.
Pro
Joined: Nov 2019
Posts: 575
Likes: 268
From: Syracuse
I"m at 3000 for my HTC and the dealer has $5000.00 of my money for deposit. It is a multi brand dealership, but not that large and they laid off 120 folks about 3 weeks ago. I only used them because the General Manager is a cousin of my brother in law and I wanted to give him the business since I know him. I didn't mind the large deposit as I knew they didn't sell many vettes and did not want anyone feeling anxious. Of course, at that time I was expecting a June delivery as indicated to the dealer from his GM rep. Now, I'm going to want a little something thrown in as I'm not making any interest on the money (1.7% at my bank) and it certainly is helping them. Not much. Maybe a discount on a service or something. Just have to hope they can weather the storm. Cuomo has extended the shutdown another 4 weeks until May 15. Who knows if it will be extended again. These are certainly strange days. As Bob Dylan said, "The times. They are a changing!".
Safety Car
Joined: Jan 2006
Posts: 3,663
Likes: 361
From: Smyrna/Vinings, Georgia
I"m at 3000 for my HTC and the dealer has $5000.00 of my money for deposit. It is a multi brand dealership, but not that large and they laid off 120 folks about 3 weeks ago. I only used them because the General Manager is a cousin of my brother in law and I wanted to give him the business since I know him. I didn't mind the large deposit as I knew they didn't sell many vettes and did not want anyone feeling anxious. Of course, at that time I was expecting a June delivery as indicated to the dealer from his GM rep. Now, I'm going to want a little something thrown in as I'm not making any interest on the money (1.7% at my bank) and it certainly is helping them. Not much. Maybe a discount on a service or something. Just have to hope they can weather the storm. Cuomo has extended the shutdown another 4 weeks until May 15. Who knows if it will be extended again. These are certainly strange days. As Bob Dylan said, "The times. They are a changing!".
Pro
Joined: Nov 2019
Posts: 575
Likes: 268
From: Syracuse
That's 85 bucks of service that I want. It's a cheap loan for the dealership and I'm pretty sure every dollar is counting right now. Yes, it's possible that by the time I get a vehicle, they could have the use of that money for a year.
Drifting
Joined: Jun 2013
Posts: 1,417
Likes: 907
From: Annville, PA
I put a deposit down on a C8 in early August. Like many, my order status remains at 1100. Times being what they are, I have reached out to the dealership to request a refund of my deposit. My rationale is that my order was for a 2020 model, and they will unable to build one (the Corvette Concierge even said this is highly unlikely). I don't want the order submitted later to GM, only to be told later that is being changed to a 2021. Do you guys think my request is reasonable? Hoping you guys get your cars soon...I've enjoyed seeing the photos. Thanks all.
Racer
Joined: Jul 2019
Posts: 282
Likes: 134
From: Denver, NC
We offer deposit back no questions asked if you are still at 1100, They can stay the course at their original priority if they want a 2021. All our other orders are at 3000 and two at 3400. All those people so far want to stay the course and will be at their original priority if they have too go to a 2021. All new deposits for 2021 go behind any 2020 orders that don"t get built. Just be fair, that is all the customer ask for.
Last edited by tarheeldoc20; Apr 16, 2020 at 03:14 PM.
Melting Slicks
Joined: Oct 2016
Posts: 2,873
Likes: 2,505
I"m at 3000 for my HTC and the dealer has $5000.00 of my money for deposit. It is a multi brand dealership, but not that large and they laid off 120 folks about 3 weeks ago. I only used them because the General Manager is a cousin of my brother in law and I wanted to give him the business since I know him. I didn't mind the large deposit as I knew they didn't sell many vettes and did not want anyone feeling anxious. Of course, at that time I was expecting a June delivery as indicated to the dealer from his GM rep. Now, I'm going to want a little something thrown in as I'm not making any interest on the money (1.7% at my bank) and it certainly is helping them. Not much. Maybe a discount on a service or something. Just have to hope they can weather the storm. Cuomo has extended the shutdown another 4 weeks until May 15. Who knows if it will be extended again. These are certainly strange days. As Bob Dylan said, "The times. They are a changing!".
Burning Brakes
Joined: May 2000
Posts: 899
Likes: 166
From: miami, florida, usa
We offer deposit back no questions asked if you are still at 1100, They can stay the course at their original priority if they want a 2021. All our other orders are at 3000 and two at 3400. All those people so far want to stay the course and will be at their original priority if they have too go to a 2021. All new deposits for 2021 go behind any 2020 orders that do get built. Just be fair, that is all the customer ask for.
That is the fair thing to do.
