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Old 03-07-2003, 04:37 PM   #1
Joraq
Scooby Newbie
 
Member#: 16144
Join Date: Mar 2002
Location: Laurel, MD
Vehicle:
2002 WRX
Platinum

Question Deposit Holders please read!!

Yesterday I went to the dealership to place my deposit and make an order. After reading possible purchase agreements on this site I went with the info in mind. After trying to get the car at lower than MSRP, I decided to go along with it and make my deposit on the condition that I could get my money back whenever I want. That was my first incorrect assumption. According to my dealer, I could not get my deposit back until the car I ordered was sold. Is that the same with you others with deposits. After trying to find another way out, I asked if I could sell my spot if I choose to make a deposit. Once again the dealer said no on the assumption that I would try to make a profit and that would be fair to the dealer.. FAIR?? Anyway, I decided to think things over and get some more feedback. What is the nature of your deposits? What are the terms? It seems like I'm being boxed in. I would feel alot more comfortable with the pricing of the vehicle confirmed as well as true production specs and tests. I do realize that this is not available know. It must feel great for the dealers to feel so in control of this "hot" car. Do you think all the hype is real? Is the demand truly greater than the supply.. We really have no facts.. Please comment.

J.
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Old 03-07-2003, 06:16 PM   #2
robmarch
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Join Date: May 2002
Chapter/Region: MAIC
Location: Time is the Enemy
Vehicle:
06 CRV
04 STi

Default

If they won't give you a fully refundable deposit situation, find another dealer.
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Old 03-07-2003, 11:28 PM   #3
RA29
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2000 Lancer Evo 6
Hot Pink

Default

In most states, it is illegal to have "non refundable deposit"
Check with your local government
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Old 03-08-2003, 07:17 PM   #4
STi INGER
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Join Date: Feb 2003
Location: Portland, OR
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2004 WRX STi (soon)
Black

Default

http://home.earthlink.net/~blade89/d... Contract2.htm
http://home.earthlink.net/~blade89/d...i contract.htm

Here are a few sample contracts that you could work from at a different dealer.
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Old 03-08-2003, 08:05 PM   #5
Joraq
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Member#: 16144
Join Date: Mar 2002
Location: Laurel, MD
Vehicle:
2002 WRX
Platinum

Default the deposit

RA29,

The dealer said I can receive my deposit only after the car that I order is sold.. So it is refundable, but only conditionally.. Personally I think this is pretty wrong.

J.
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Old 03-08-2003, 08:13 PM   #6
RSX2STI
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2002 Acura RSX-S
silver

Default

But the dealer can always contest that those forms are not a legally binding contract, or am I wrong?

To be honest, I put down a $500 dollar refundable deposit at a local subaru dealership and I didn't write anything down with the dealer. The form I fill in stated that my deposit succured(spelling?) my "first right or refusale" of the vechile. I am trying to get the guy to guarentee MSRP, but it seems almost impossible, what do yall think?
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Old 03-08-2003, 08:28 PM   #7
silvercharged
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Location: Kick it out!
Default Re: Deposit Holders please read!!

Quote:
Originally posted by Joraq
According to my dealer, I could not get my deposit back until the car I ordered was sold.
J.


This would seem to fit under the Maryland Layaway Sales Act since it involes a deposit for a future sale.
Basically the dealer has to refund your money for any reason, and cannot increase the price on the item once agreed upon...

Look here:

www.oag.state.md.us/consumer/tip10.htm

If you need a good Maryland dealer, try Bel Air Nissan/Subaru (Jones') in Bel Air. Really laid back and good to deal with...
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Old 03-08-2003, 09:08 PM   #8
robmarch
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Member#: 18713
Join Date: May 2002
Chapter/Region: MAIC
Location: Time is the Enemy
Vehicle:
06 CRV
04 STi

Default Re: Re: Deposit Holders please read!!

Quote:
Originally posted by silvercharged


If you need a good Maryland dealer, try Bel Air Nissan/Subaru (Jones') in Bel Air. Really laid back and good to deal with...
They're a good dealer, and great for service. They weren't placing orders on the STi last time I checked in, because they were planning to mark them up. They just came off the "Z" orders when I checked in, and a couple people backed out on the day of delivery. I posted a thread in Mid-Atlantic and got plenty of hate for reporting the bad news.

They're worth checking in with again, though, they may have changed their policy.
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Old 03-08-2003, 10:53 PM   #9
Joraq
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Member#: 16144
Join Date: Mar 2002
Location: Laurel, MD
Vehicle:
2002 WRX
Platinum

Default ..

thanks for the information silvercharged.. I checked out the site and read the page. I believe most of the info is about layaway stuff. I am not sure but it may not apply to cars. I will call them monday. According to the site, I should be able to get 90% of my deposit back if 10 plus days pass after placing my deposit. Gosh, the dealers seem to have the edge with the pending markups. Fortunately, markups have not been an issue, but the dealer continues to remind me what the other dealers are doing. He also wanted to do a credit check and the financing there. Can you believe this?.. This guy is kind of shady.
J.
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