What's a reasonable deposit for ordering? - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

htron50 · 10-24-2011, 10:12 PM

I don't think it's just about money. It's about the face - to -face conversation and also about the EFFORT. Today was a striking day. Emotionally it was tumultuous. It ended with some tears, but also a smile. Time will tell which one really wins out......

lbls1 · 10-24-2011, 10:13 PM

Quote:

Originally Posted by MY68RS

This ^

Its better to put down a reasonable amount for an order, in the event that the deal goes sour. It will be easier to recoup or even lose a $500 deposit as opposed to being out (of or trying to retrieve) $5,000 if the deal goes south.

Delivery day is when you put the really big bucks down, when finalizing the purchase.

Rizzo · 10-25-2011, 12:50 PM

Quote:

Originally Posted by TAP101

Mines asking $5,000

Mine is asking $500 refundable.

S-eatin-grin · 10-25-2011, 01:30 PM

Quote:

Originally Posted by Rizzo

Mine is asking $500 refundable.

Refundable means you pay what they decide they want for the car and give you your refund back if you don't like it and sell it to someone else.

For me, I'd get a WRITTEN MSRP agreement with any deposit on a car. I'm not letting anyone hold that much money of mine for that long without at least a signed agreement.

fiascoes1 · 10-25-2011, 03:00 PM

I'm doing 10k by choice, fully refundable. My allocation is secure and getting it at msrp.

Sevn86 · 10-25-2011, 03:07 PM

$500

Camaro2LTRSMMissouri · 10-25-2011, 03:09 PM

Actually that deposit in many states is interest bearing, this is based on not being able to deliver the product within 30-45 days, depending on the state. Check your state law prior to signing a contact.

SIN R G · 10-25-2011, 03:32 PM

I ordered my SS on a handshake and I know my dealer would do the same on a ZL1. I would love to go shake my dealers hand again, but I don't have the cash to pay for a ZL1. :(

HDRDTD · 10-25-2011, 03:58 PM

When I ordered a 11 Vert back in January, I put $30k down of my own choice.
As far as a deposit on a 13 ZL1 Vert (or even a 12 ZL1 Coupe), my dealer won't even accept a deposit till the pricing is announced. I already offered to put down any deposit they would like, but they declined the offer.

We'll see what happens after the prices are announced.

RPO_Z28 · 10-25-2011, 05:19 PM

Quote:

Originally Posted by armysig

Yes but chevy loaded the car. There really isn't a lot of extra options for the ZL1

I don't understand your point.

You order a $60,000 car in your name and you want to secure the price and equipment.

If your dealer accepts a $500 deposit I guess that's their policy. For the dealer that wants $5000, that's their policy and it's up to the consumer to either pay it or not. Not saying what's right or wrong.

1BADZL1 · 10-25-2011, 08:19 PM

Like MSRP and above... dealers can charge whatever they want for a deposit.
Period. They don't have to charge anything either.
I paid $500 today.
The mentioned $5k over MSRP...
thats my decision when the time comes...
If I don't want to pay it, I don't have to bottom line.
I will decide when I decide to drive it off the lot. If I don't want it they will not have any issues selling it and Ill wait for a 2013 with MSRP or Invoice. It does not matter to me one IOTA. I look at it this way. They don't have to honor this by any means if I can wait a little longer to pay MSRP or less why wouldn't I?
Just remember this. If you ever decide to get rid of your ZL1 if you pay over MSRP that money is gone... BAM! You will never recoup it.

SlingShot · 10-25-2011, 08:55 PM

My first two the dealer only wanted a hand shake, and that's all that is expected this time around.

lbls1 · 10-25-2011, 08:58 PM

Quote:

Originally Posted by S-eatin-grin

Refundable means you pay what they decide they want for the car and give you your refund back if you don't like it and sell it to someone else.

For me, I'd get a WRITTEN MSRP agreement with any deposit on a car. I'm not letting anyone hold that much money of mine for that long without at least a signed agreement.

Oh yes. Whatever you do, any and all money exchanges must be documented.

10-25-2011, 08:19 PM	#39
1BADZL1 THE CAMARO KING Drives: 2012 Camaro ZL1 on order #PZSD7S Join Date: Aug 2006 Location: Out Somewhere Driving My 'BADZL1' Posts: 2,284	Like MSRP and above... dealers can charge whatever they want for a deposit. Period. They don't have to charge anything either. I paid $500 today. The mentioned $5k over MSRP... thats my decision when the time comes... If I don't want to pay it, I don't have to bottom line. I will decide when I decide to drive it off the lot. If I don't want it they will not have any issues selling it and Ill wait for a 2013 with MSRP or Invoice. It does not matter to me one IOTA. I look at it this way. They don't have to honor this by any means if I can wait a little longer to pay MSRP or less why wouldn't I? Just remember this. If you ever decide to get rid of your ZL1 if you pay over MSRP that money is gone... BAM! You will never recoup it. __________________ 2012 Camaro ZL1 Car Name: Bruce ZL1, LSA, MN6/MG9, DSX, RTQ, VR, Current Status: 2030 1000 Initial Order 11/11/2011 Chevyland 1100 Order accepted at dealer: 11/11/2011 - PZSD7S 2000 Order accepted by GM: 12/14/2011 3000 Accepted By Production Control: 00/00/2011 - TPW 00/00/2011 3100 Sequenced: 00/00/2011 3300 Scheduled For Production:0/0/2012 3400 Broadcast: 0/0/2012 3800 Produced: 0/0/2012 4000 Available To Ship: 0/0/2012 4200 Shipped: 0/0/2012 5000 Delivered To The Dealer: 0/0/2012 6000 Delivered To Customer:0/0/2012

10-25-2011, 08:55 PM	#40
SlingShot Drives: 2012 ZL1 - #670 Join Date: Jun 2009 Location: Seminole, Fl. Posts: 8,009	My first two the dealer only wanted a hand shake, and that's all that is expected this time around. __________________

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10-24-2011, 10:12 PM	#29
htron50 Drives: 2017 ZL1 Status "Thank You!" Join Date: Feb 2009 Location: SC Posts: 2,498	I don't think it's just about money. It's about the face - to -face conversation and also about the EFFORT. Today was a striking day. Emotionally it was tumultuous. It ended with some tears, but also a smile. Time will tell which one really wins out......

10-25-2011, 03:00 PM	#33
fiascoes1 SoCalRaceTeam new-b! Drives: 2012 ZL1/WHITE/BLACK STRIPE Join Date: Apr 2011 Location: norwalk ca Posts: 2,021	I'm doing 10k by choice, fully refundable. My allocation is secure and getting it at msrp.

10-25-2011, 03:09 PM	#35
Camaro2LTRSMMissouri Drives: 2010 Camaro 2LT RS Sunroof Join Date: Jun 2010 Location: Show Me State Posts: 64	Actually that deposit in many states is interest bearing, this is based on not being able to deliver the product within 30-45 days, depending on the state. Check your state law prior to signing a contact.

10-25-2011, 03:32 PM	#36
SIN R G Drives: 2008 VW R32, 2011 Synergy Green 2SS Join Date: Jul 2010 Location: Randolph, Wisconsin Posts: 1,544	I ordered my SS on a handshake and I know my dealer would do the same on a ZL1. I would love to go shake my dealers hand again, but I don't have the cash to pay for a ZL1. :(

10-25-2011, 03:58 PM	#37
HDRDTD Drives: 2013 Triple Black ZL1 Vert M6 ECF Join Date: Mar 2011 Location: Trenton, Michigan Posts: 7,047	When I ordered a 11 Vert back in January, I put $30k down of my own choice. As far as a deposit on a 13 ZL1 Vert (or even a 12 ZL1 Coupe), my dealer won't even accept a deposit till the pricing is announced. I already offered to put down any deposit they would like, but they declined the offer. We'll see what happens after the prices are announced.