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Up to what point is a deposit refundable?

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    mpgxsvcd
    Sr. Contributor

  • mpgxsvcd
    replied
    Originally posted by WillRockwell View Post
    I just came from my dealer. Since I am getting no options, and know what I'm going to pay, he's going to put my order in as soon as the pricing is announced, to get me an early 2000 order
    Seriously not a single option? Watch that car be constrained because no one else orders it that way and they won’t be making enough money off of it.

    Leave a comment:

  • CarPDX
    Junior Member

  • CarPDX
    replied
    I'd think dealers would be thrilled to get late cancellations. Then they can put your car on their lot for $10K? $20K? $30K markup?

    You're doing them a huge favor, the least they could do is refund you in full.

    Leave a comment:

  • John
    forum co-founder & admin

  • John
    replied
    You are right. Being retired, goofs up my days of the week sometimes. It is the 15th.

    As to the issue of deposits being refundable or not, if one is caught out in an unforeseen ugly, one could check with your state laws on refundable deposits (for they override dealer policies).

    Leave a comment:

  • JustOneMore
    Sr. Contributor

  • JustOneMore
    replied
    Originally posted by John View Post
    Each dealer’s policies are different. Pricing will be released a week from tomorrow. A week after that, I believe is more than enough time for you, and me, and all to do the math.

    We might have a very good “aid” to assist all of us in figure it all out.
    John, I thought pricing was a week from Thursday. Did they move it up a day or are you anxious? LOL

    I hope none of the people whos deposits are non refundable have a change in life beyond their control before delivery.

    Leave a comment:

  • WillRockwell
    Senior Contributor

  • WillRockwell
    replied
    I just came from my dealer. Since I am getting no options, and know what I'm going to pay, he's going to put my order in as soon as the pricing is announced, to get me an early 2000 order

    Leave a comment:

  • Klinn
    Sr. Contributor

  • Klinn
    replied
    Well, that's certainly an encouraging result for the poll. I like it!


    (my dealer likes it even more)

    Leave a comment:

  • John
    forum co-founder & admin

  • John
    replied
    Good point, and why most dealerships do not put their customers in a time crunch.

    And to help you out Klinn, we had a secret forum poll that just ended, and 94.33% said “Klinn needs everything he wants.”

    Leave a comment:

  • Klinn
    Sr. Contributor

  • Klinn
    replied
    Originally posted by John View Post
    A week after that, I believe is more than enough time for you, and me, and all to do the math.
    It's not the math that's hard, it's how to justify to ourselves that we really really need that carbon fiber trim package or fancier wheels. That can take a while.

    Leave a comment:

  • John
    forum co-founder & admin

  • John
    replied
    Each dealer’s policies are different. Pricing will be released a week from tomorrow. A week after that, I believe is more than enough time for you, and me, and all to do the math.

    We might have a very good “aid” to assist all of us in figure it all out.

    Leave a comment:

  • AirdaleC7
    Sr. Contributing Member

  • AirdaleC7
    replied
    I just came back from my dealer after securing my ordering position. He said that I will have 7 days after the final pricing is released to execute my order or get my deposit back. After that date (whatever it is and unless it falls on a Sunday), either way I will kiss my deposit goodbye. Now I get to count the days until pricing is released. I sure hope the few upgrades I want don't blow my C8 ownership dreams out of the water.

    Leave a comment:

  • mpgxsvcd
    Sr. Contributor

  • mpgxsvcd
    replied
    For another reference my dealer also said that the deposit was refundable all the way up to delivery and they would only require the 5% down payment if you ordered something crazy.

    I have heard some people are signing contracts for 15% down that is non refundable after pricing comes out. That is just crazy in my opinion.

    Leave a comment:

  • John
    forum co-founder & admin

  • John
    replied
    Corvettes Glow, great first post, showing one smart move on your part. Mike’s word is his bond; what he says you can always 100% count on.

    Welcome to the forum!

    Leave a comment:

  • Corvettes Glow
    Junior Member

  • Corvettes Glow
    replied
    Originally posted by meyerweb View Post

    Criswell knows that if you don't buy the car, someone else will. Unless, that is, you're ordering an Orange convertible with the two-tone blue interior and red seat belts with yellow brake calipers.....

    If it was Mike Furman who told you the policy is "it always is," you can bank on it. If it was someone else, and you're worried, call Mike Furman at Criswell and ask.
    I spoke with Mike today, put down my $1,000 and was told its fully refundable. Not worried about it at all.

    Leave a comment:

  • meyerweb
    Forum Founder, Sr. Content Contributor & Patron

  • meyerweb
    replied
    Originally posted by bbarth26 View Post
    Hello MECF,

    I was working with a salesman at Criswell Corvette through email. I asked him up to what point a deposit was refundable and he said "it always is" I followed up with "up to vehicle delivery?" And he confirmed as much. This seems contradictory to the info I've read on here(that the deposit is "locked in" as soon as pricing comes out and you pick out your options) Sorry ahead of time if this question has already been asked.
    Criswell knows that if you don't buy the car, someone else will. Unless, that is, you're ordering an Orange convertible with the two-tone blue interior and red seat belts with yellow brake calipers.....

    If it was Mike Furman who told you the policy is "it always is," you can bank on it. If it was someone else, and you're worried, call Mike Furman at Criswell and ask.

    Leave a comment:

  • P-Tree
    ZORA Patron & Sr. Contributor

  • P-Tree
    replied
    Originally posted by bbarth26 View Post
    Thanks for the help guys. Can anyone confirm whether Criswell's policy is refundable up to delivery? Thank you.
    I would ask the dealership directly.

    Leave a comment:

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