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Car Forum / Honda Cars / December 2005Paying a $500 Deposit?
In another thread - an individual paid a dealer a $500 deposit. Why in the world would you do that? It just locks you into that dealer. There are tons of cars out there. While trying to negotiate with a slimy honda dealer in Mpls - ran into a young guy who had been talked into putting down a $500 deposit - he then figured out how the dealer had screwed him - the only way out was to give up the $500. IMHO if a dealer asks for a $500 deposit - it is time to come out with some choice expletives. Can anyone give a good reason for giving a stealer a deposit? > Can anyone give a good reason for giving a stealer a deposit? I wouldn't like to pay it either. But if they are ordering a car for you, or having it shipped in from somewhere else, they are adding a vehicle to their inventory that they probably don't need or want. They are just asking for a commitment from you that you are not going to turn your back on them once the car is in their inventory. Steve Good point - that never occured to me. I always buy with cash - never had anyone to question whether I would back out of a deal - but if the dealer has a car shipped in and the buyer backs out - can see where they would loose a few bucks. > Good point - that never occured to me. I always buy with cash - never > had anyone to question whether I would back out of a deal - but if the > dealer has a car shipped in and the buyer backs out - can see where > they would loose a few bucks. Lose, not loose. >In another thread - an individual paid a dealer a $500 deposit. Why in >the world would you do that? It just locks you into that dealer. [quoted text clipped - 9 lines] > >Can anyone give a good reason for giving a stealer a deposit? If you are getting certain options that are not very popular that need to be special ordered, there is a good reason to request a deposit. ------------- Alex > While trying to negotiate with a slimy honda dealer in Mpls - ran into > a young guy who had been talked into putting down a $500 deposit - he > then figured out how the dealer had screwed him - the only way out was > to give up the $500. The deposit is refundable. Idiots are everywhere, apparently. > In another thread - an individual paid a dealer a $500 deposit. Why in > the world would you do that? It just locks you into that dealer. [quoted text clipped - 9 lines] > > Can anyone give a good reason for giving a stealer a deposit? I ordered a car from a dealer and was onyl required to give a 100 dollar deposit. I got a good price on the car so I wasn't too worried, but I DID put it on my credit card, so if anything ddi go wrong, at least I had some recourse with my CC company. > In another thread - an individual paid a dealer a $500 deposit. Why in > the world would you do that? It just locks you into that dealer. [quoted text clipped - 9 lines] > > Can anyone give a good reason for giving a stealer a deposit? Can anyone give me a good f.cking reason for DEALING with the bastard???? |
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