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getting deposit back from dealer

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Old 11-30-2006 | 01:10 PM
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My Ride: Delivered 1/16/07 07 530i Silver Grey/Blk., ZSP, ZPP, ZCW, Logic 7, Step, Sirius
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Has anyone changed their mind and had to get deposit back from dealer. Do they keep it if you canel the order?
Old 11-30-2006 | 02:59 PM
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Originally Posted by nicdog' post='362273' date='Nov 30 2006, 05:10 PM
Has anyone changed their mind and had to get deposit back from dealer. Do they keep it if you canel the order?

Why cancel? What car are u going after?
Old 11-30-2006 | 05:09 PM
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My Ride: Delivered 1/16/07 07 530i Silver Grey/Blk., ZSP, ZPP, ZCW, Logic 7, Step, Sirius
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Originally Posted by baadaaboo' post='362324' date='Nov 30 2006, 06:59 PM
Why cancel? What car are u going after?

same car just may be getting a better deal
Old 11-30-2006 | 05:14 PM
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Originally Posted by nicdog' post='362356' date='Nov 30 2006, 06:09 PM
same car just may be getting a better deal
I'm not sure if it's a state by state thing, but I know in California they cannot keep the deposit.
Old 12-01-2006 | 02:06 AM
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so the point of a deposit is?
Old 12-01-2006 | 02:27 AM
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Originally Posted by steve_gus' post='362463' date='Dec 1 2006, 11:06 AM
so the point of a deposit is?
In some cases it's an offset against a potential or actual finance deal rather than a non-refundable payment which is used to secure the order.

ABC
Old 12-01-2006 | 11:19 AM
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Originally Posted by aybeesea' post='362469' date='Dec 1 2006, 11:27 AM
In some cases it's an offset against a potential or actual finance deal rather than a non-refundable payment which is used to secure the order.

ABC
well, in that case, i had to make 2 deposits

?500 at the time of ordering

then

another ?6500 on collection.

I see a deposit as


1. stopping you from walking away and never being seen again.

2. stopping you from not taking delivery, leaving the dealer with some weird trim choice he cant sell to anyone else that easily........ but then ?500 on a ?27,000 car isnt that much of a surety....


cheers

steve
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