NON-refundable deposit for ordering a bad idea?

kevindangit · 03-06-2010, 12:20 PM

I've talked to a buddy of mine that works for a dealership, and he is going to check with the "district operations manager" to see if he can order a 370Z for me. (2010 Pearl White Coupe, 6MT, Sport, Touring, Nav, all other options) The only thing is, he mentioned that they would want a $1000-$2000 non-refundable deposit for the order.

Are non-refundable deposits commonplace? I'm afraid that the car will come in and something will be wrong with it when I inspect it or something along those lines.

frost · 03-06-2010, 12:22 PM

My girl ordered a camaro with a completely refundable deposit. She could back out for any reason ... and she did, no questions asked.

Trips · 03-06-2010, 12:26 PM

Bad Idea!

azn370z · 03-06-2010, 12:56 PM

When I ordered my z I put down $500. But you can deposit less. Yes deposits are refundable if you ask before you order.

kevindangit · 03-06-2010, 12:59 PM

Quote:

Originally Posted by azn370z

When I ordered my z I put down $500. But you can deposit less. Yes deposits are refundable if you ask before you order.

Haha, well I didn't even get a chance to ask. He told me upfront that it would be NON-refundable and $1-2K.

j.arnaldo · 03-06-2010, 01:19 PM

Don't let go of your $$ OR sign anything until perfectly sure you can back out w./o. losing a penny, man!

The BlueMax · 03-06-2010, 01:23 PM

Go somewhere else, your in Dallas TX. so you have at least half a dozen dealerships down there. If you were in a small town you might have to search the internet. The reason for the non-deposit on the camero is the shere popularity of the car and it's

somewhat limited availibility. I have owned 5 F-bodies since I was 16 and it was time for a change. The new camero is overpriced at the dealers because of demand, something I won't get caught up into

fullmonty · 03-06-2010, 04:32 PM

If its non-refundable don't give him any money and find another dealership

scruffydog · 03-08-2010, 12:14 AM

Seriously, don't fall for that kind of bullcrap. I just placed a $1000 deposit to order a 370z, but they only needed a check from me and it's completely refundable if I want to back out. And what's more is they don't even cash that check, they're just holding it as more of a Good Faith deposit. For whatever reason, I can always back out.

I almost fell for another dealership in the Bay Area, CA that asked for a $5000 non-refundable deposit. They are seriously out of their mind.

PlazmaStrike · 03-08-2010, 03:16 AM

i only put down a $200 deposit for my 2010 pw nismo. $1000- $2000 is way too much espically if its non-refundable.

zmyride · 03-11-2010, 01:14 PM

all deposits are refundable, but only if theres somethings wrong with the car. once they have the car, you can't just change your mind or say you don't like it and expect a full refund.

NYBladeZ · 03-11-2010, 01:48 PM

If there's something wrong with it you'll get your $ back, but if you back out of the deal when the car arrives then they won't refund you. So think real hard and be sure you want this.

theDreamer · 03-11-2010, 01:50 PM

Quote:

Originally Posted by zmyride

all deposits are refundable, but only if theres somethings wrong with the car. once they have the car, you can't just change your mind or say you don't like it and expect a full refund.

Yes you can, because you never sign a contract.
But on a better note, do not put money down. They should not require money down to order a vehicle and if they do not budge on this go elsewhere.

FuszNissan · 03-11-2010, 01:57 PM

Refundable and Non-Refundable.
It is basically up to the Owner of the Dealership how he would like to conduct business. By Law I don't believe you can legally hold someone's deposit. With no goods exchanged I don's see it standing in Small Claims Court. I personally like to see deposits to show commitment and interest levels of the Customer, but I will never take money that doesn't belong to me. Hope that helps.

danny@FontanaNissan · 03-18-2010, 11:36 PM

Quote:

Originally Posted by scruffydog

Seriously, don't fall for that kind of bullcrap. I just placed a $1000 deposit to order a 370z, but they only needed a check from me and it's completely refundable if I want to back out. And what's more is they don't even cash that check, they're just holding it as more of a Good Faith deposit. For whatever reason, I can always back out.

I almost fell for another dealership in the Bay Area, CA that asked for a $5000 non-refundable deposit. They are seriously out of their mind.

$5,000 is insane!!!

03-06-2010, 12:20 PM	#1 (permalink)
kevindangit Base Member Join Date: Apr 2009 Location: Dallas, TX Posts: 17 Drives: Nothing. Rep Power: 16	NON-refundable deposit for ordering a bad idea? I've talked to a buddy of mine that works for a dealership, and he is going to check with the "district operations manager" to see if he can order a 370Z for me. (2010 Pearl White Coupe, 6MT, Sport, Touring, Nav, all other options) The only thing is, he mentioned that they would want a $1000-$2000 non-refundable deposit for the order. Are non-refundable deposits commonplace? I'm afraid that the car will come in and something will be wrong with it when I inspect it or something along those lines. Last edited by kevindangit; 03-06-2010 at 12:32 PM.

03-06-2010, 12:26 PM	#3 (permalink)
Trips Administrator Join Date: May 2009 Location: Disneyland, Ca Posts: 8,730 Drives: 🔰 Rep Power: 10	Bad Idea! __________________

03-06-2010, 12:56 PM	#4 (permalink)
azn370z A True Z Fanatic Join Date: Nov 2008 Location: Seattle Posts: 1,722 Drives: z34 - R1 Rep Power: 489	When I ordered my z I put down $500. But you can deposit less. Yes deposits are refundable if you ask before you order. __________________ 2010 k23 H&R sport springs / Spc rear camber arms / SSR SP1 / Berk cbe / Varis cf lip / Nismo S-Tune side skirts

03-06-2010, 01:23 PM	#7 (permalink)
The BlueMax Enthusiast Member Join Date: Jan 2010 Location: Louisville Posts: 337 Drives: 09 370/97 T/A 01 ZRX Rep Power: 25	response Go somewhere else, your in Dallas TX. so you have at least half a dozen dealerships down there. If you were in a small town you might have to search the internet. The reason for the non-deposit on the camero is the shere popularity of the car and it's somewhat limited availibility. I have owned 5 F-bodies since I was 16 and it was time for a change. The new camero is overpriced at the dealers because of demand, something I won't get caught up into

03-06-2010, 04:32 PM	#8 (permalink)
fullmonty A True Z Fanatic Join Date: Nov 2009 Location: Dirty Jersey Posts: 7,762 Drives: 370 Touring/Sport Rep Power: 34	If its non-refundable don't give him any money and find another dealership __________________

03-06-2010, 12:22 PM	#2 (permalink)
frost Retired admin Join Date: Dec 2008 Location: Winterfell Posts: 106,613 Drives: Your Wife Crazy Rep Power: 0	My girl ordered a camaro with a completely refundable deposit. She could back out for any reason ... and she did, no questions asked.

03-06-2010, 01:19 PM	#6 (permalink)
j.arnaldo Banned Join Date: Oct 2009 Location: Puerto Rico Posts: 937 Drives: Nissan 350Z, 2004 Rep Power: 0	Don't let go of your $$ OR sign anything until perfectly sure you can back out w./o. losing a penny, man!

03-08-2010, 12:14 AM	#9 (permalink)
scruffydog A True Z Fanatic Join Date: Jan 2009 Location: Nor Cal Posts: 1,113 Drives: with his eyes close Rep Power: 717	Seriously, don't fall for that kind of bullcrap. I just placed a $1000 deposit to order a 370z, but they only needed a check from me and it's completely refundable if I want to back out. And what's more is they don't even cash that check, they're just holding it as more of a Good Faith deposit. For whatever reason, I can always back out. I almost fell for another dealership in the Bay Area, CA that asked for a $5000 non-refundable deposit. They are seriously out of their mind.

03-08-2010, 03:16 AM	#10 (permalink)
PlazmaStrike Base Member Join Date: Nov 2009 Location: Florida Posts: 42 Drives: YZFR1 RSX 370z Nismo Rep Power: 15	i only put down a $200 deposit for my 2010 pw nismo. $1000- $2000 is way too much espically if its non-refundable.

03-11-2010, 01:14 PM	#11 (permalink)
zmyride Track Member Join Date: Nov 2009 Location: SF Bay Area Posts: 631 Drives: 10 Black Sports 7AT Rep Power: 16	all deposits are refundable, but only if theres somethings wrong with the car. once they have the car, you can't just change your mind or say you don't like it and expect a full refund.

03-11-2010, 01:48 PM	#12 (permalink)
NYBladeZ A True Z Fanatic Join Date: Apr 2009 Location: New York Posts: 2,158 Drives: Lotus Exige S Rep Power: 20	If there's something wrong with it you'll get your $ back, but if you back out of the deal when the car arrives then they won't refund you. So think real hard and be sure you want this. __________________ 2009 Carbon Fiber/Red 370z aka Trish: Sports Package, Meisterschaft full catback, Fast Intentions Longtube Headers, Injen Long Tube Intakes, UpRev Tune: Sold 2008 Lotus Exige S Club Racer aka Bella, always leaves me smiling

03-11-2010, 01:57 PM	#14 (permalink)
FuszNissan A True Z Fanatic Join Date: May 2009 Location: St. Louis Posts: 14,275 Drives: Pure Sex Rep Power: 542	Refundable and Non-Refundable. It is basically up to the Owner of the Dealership how he would like to conduct business. By Law I don't believe you can legally hold someone's deposit. With no goods exchanged I don's see it standing in Small Claims Court. I personally like to see deposits to show commitment and interest levels of the Customer, but I will never take money that doesn't belong to me. Hope that helps. __________________ Mods: Too Many to list! LouFuszNissan ZDAYZ 2012

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