Will I lose my Deposit?? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

wayneworld · 11-21-2008, 05:25 PM

I put a deposit down on 10/15 of 2500.00 and I want to know is If GM goes under or just says we will not make this car will it be easy to get my money back? I want this car real bad but don't want to get screwed out of my money because of GM.. Can anyone help me with a answer??? By the way I ordered the 2SS orange.

Moose · 11-21-2008, 05:38 PM

You should have NO trouble getting your deposit back.

StoutFiles · 11-21-2008, 06:29 PM

It seems like I'm the only person who put a $500 deposit down...

Mormegil · 11-21-2008, 08:12 PM

I put $500 down, that was the minimum that my dealer wanted to place the order. I'll put down more when it actually arrives though.

Eyeguy2020 · 11-22-2008, 07:11 AM

If they go totally under, you will lose your deposit.

Vash · 11-22-2008, 09:19 AM

While I think it's awesome to pre order if you can afford it. My advice has been to just get your credit pre approved and wait for them to hit the lot. You want to drive it first and hang out with it before you pull the trigger IMO*.

By all means pre order if your rollin in the cream ($$$).

franknbeans · 11-22-2008, 09:48 AM

Quote:

Originally Posted by Eyeguy2020

If they go totally under, you will lose your deposit.

Dude, there's enough bull$hit info on the board, don't go spreading crap like this.

The deposit is through the dealer not GM. . . Call your dealer to find out the answer. . it will take 2 minutes.

kkelloww · 11-22-2008, 11:37 AM

What do you think will happen to gm dealerships if gm goes under? They won't have any products to sell.

OUR72GTO · 11-22-2008, 11:47 AM

Quote:

Originally Posted by franknbeans

Dude, there's enough bull$hit info on the board, don't go spreading crap like this.

The deposit is through the dealer not GM. . . Call your dealer to find out the answer. . it will take 2 minutes.

They will be the last one to know they are closing , just as the door's lock. THERE ARE LOTS OF DEALERS WHO WILL CLOSE before GM would go down. That is part of the problem....they sold too many franchises and they cannibalize each other. The only secure deposit is on VISA or IN TRUST with a lawyer.

Eyeguy2020 · 11-22-2008, 04:46 PM

You will lose your money. What happened back at the beginning of the great depression? Nobody got their money back from the banks because they didnt have any to give back. The dealerships will have no money to give back if the system fails, unless of course the dealerships have deep pockets, then you will get the refund.

Economic times are great right now, they are rolling in the money, so I am sure the dealerships will love to refund your money.

But lets just think positive, somehow GM will get through this and in a couple years things will be going strong again and all will be good.

*The_Blur* · 11-22-2008, 05:25 PM

This is what happens when you talk about failure. :slice:

camaro5 · 11-22-2008, 05:29 PM

Quote:

Originally Posted by The_Blur

This is what happens when you talk about failure. :slice:

newgenss · 11-23-2008, 10:14 PM

I JUST ORDERED MINE IN SO CAL, NO DEPOSIT REQUIRED AND NO MARK UP EITHER

Txturbo · 11-24-2008, 05:55 AM

Quote:

Originally Posted by wayneworld

I put a deposit down on 10/15 of 2500.00 and I want to know is If GM goes under or just says we will not make this car will it be easy to get my money back? I want this car real bad but don't want to get screwed out of my money because of GM.. Can anyone help me with a answer??? By the way I ordered the 2SS orange.

Thats the reason to get it in writing that the deposit is refundable. Your deposit has nothing to do with GM, its through your dealership. Your state laws apply, it varies by state how deposits are handled.

11-21-2008, 05:25 PM	#1
wayneworld Drives: Gmc Denali /2SS IOM Camaro Join Date: Nov 2008 Location: Bristol Ct Posts: 93 View My Garage	Will I lose my Deposit?? I put a deposit down on 10/15 of 2500.00 and I want to know is If GM goes under or just says we will not make this car will it be easy to get my money back? I want this car real bad but don't want to get screwed out of my money because of GM.. Can anyone help me with a answer??? By the way I ordered the 2SS orange.

11-22-2008, 05:25 PM	#11
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,769	This is what happens when you talk about failure. :slice: __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

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11-21-2008, 05:38 PM	#2
Moose Moderator Drives: '99 Camaro SS #1392 Join Date: Jun 2006 Location: Newtown, Pa. Posts: 3,982	You should have NO trouble getting your deposit back.

11-21-2008, 06:29 PM	#3
StoutFiles Drives: Black/Black 2SS/RS Join Date: Oct 2008 Location: Dayton, OH Posts: 733	It seems like I'm the only person who put a $500 deposit down...

11-21-2008, 08:12 PM	#4
Mormegil Drives: 10 Camaro SS/07 Silverado 4.8 Join Date: Oct 2008 Location: Ft. Worth/Baton Rouge Posts: 75	I put $500 down, that was the minimum that my dealer wanted to place the order. I'll put down more when it actually arrives though.

11-22-2008, 07:11 AM	#5
Eyeguy2020 Drives: Mustang BUT Camaro soon! Join Date: Nov 2008 Location: Ohio Posts: 26	If they go totally under, you will lose your deposit.

11-22-2008, 09:19 AM	#6
Vash Drives: 00 Blazer Join Date: Aug 2008 Location: Texas Posts: 5,104	While I think it's awesome to pre order if you can afford it. My advice has been to just get your credit pre approved and wait for them to hit the lot. You want to drive it first and hang out with it before you pull the trigger IMO*. By all means pre order if your rollin in the cream ($$$).

11-22-2008, 11:37 AM	#8
kkelloww Drives: 2000 Grand Prix GTP Join Date: Oct 2008 Location: Arizona Posts: 4	What do you think will happen to gm dealerships if gm goes under? They won't have any products to sell.

11-22-2008, 04:46 PM	#10
Eyeguy2020 Drives: Mustang BUT Camaro soon! Join Date: Nov 2008 Location: Ohio Posts: 26	You will lose your money. What happened back at the beginning of the great depression? Nobody got their money back from the banks because they didnt have any to give back. The dealerships will have no money to give back if the system fails, unless of course the dealerships have deep pockets, then you will get the refund. Economic times are great right now, they are rolling in the money, so I am sure the dealerships will love to refund your money. But lets just think positive, somehow GM will get through this and in a couple years things will be going strong again and all will be good.

11-23-2008, 10:14 PM	#13
newgenss http://gtoautoglass.com Drives: 2010 Camaro RS SS Join Date: Nov 2008 Location: Covina, CA Posts: 131	I JUST ORDERED MINE IN SO CAL, NO DEPOSIT REQUIRED AND NO MARK UP EITHER