MERGED: If I put down a $1K deposit, what would happen if GM goes bankrupt? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

FFMaro · 11-13-2008, 10:55 AM

Would they refund the money? Or would they still make my car?

toxicity · 11-13-2008, 11:07 AM

My dealer told me that my deposit was just so I wouldn't run off to another dealer and that if there was a good enough reason i could my money back no problem..... I'd talk to your dealer about it.... GM shouldn't be going bankrupt until next year and they most likely WON'T because you know they are going to get help from the government

live2well · 11-13-2008, 11:09 AM

Your deposit isnt with GM. It is with the independent dealer. So if the dealer is still in business then your money is safe. But if the dealer goes down with GM (which is likely) then you need to get in line with the rest of the creditors.

Side Bar: GM isnt going anywhere. They are too big of a staple of our economy for the government to let fold.

Crowley · 11-13-2008, 11:39 AM

Too bad the Chevy dealership isn't like the BMW dealership I dealt with. They didn't even deposit my check until the car came in.

Crowley

11-13-2008, 02:31 PM

if gm went belly up tomorrow what would the dealers do with our deposits.just wanted to know if you went to your dealer and the doors were closed what would happen . if gm goes bankrupt then dealers must shut down ,correct . we need to find out what would happen to our money .any ideas out there .we all need to know i think

nickspohn · 11-13-2008, 02:33 PM

GM is GM, a dealer is a dealer.

You need to worry if your dealer goes out of business. If your dealer is doing good and GM goes under, you can still get your refund from the dealer.

dieseldave24v · 11-13-2008, 02:33 PM

Well that would be up to the individual dealer. GM does not have you deposit money. I privately owned dealertip does.

xl1200r · 11-13-2008, 02:52 PM

Bankruptcy doesn't mean out of business.

11-13-2008, 03:44 PM

JUST LOOKING OUT FOR EVERYBODY THANKS 4 YHE ANSWERS

*The_Blur* · 11-13-2008, 03:46 PM

Mods, we're going to need to do some merging.

I recommend merging this thread with all the following: this thread, this thread, this thread, and this thread.

Bentley78 · 11-13-2008, 04:22 PM

If you have a deposit with your local Chevy dealer and Tomorrow morning you go in to have a look around and signs up say; Closed Indefinitely, you have indefinitely lost your cash.

*GTAHVIT* · 11-13-2008, 04:23 PM

Merging 5 threads may get confusing.

But, I'll do it if no one has a problem with it.

5 is way too many.

*The_Blur* · 11-13-2008, 04:25 PM

Quote:

Originally Posted by gtahvit

Merging 5 threads may get confusing.

But, I'll do it if no one has a problem with it.

5 is way too many.

You could probably merge a couple of them. It was just an idea.

*GTAHVIT* · 11-13-2008, 04:29 PM

Don't you roll your eyes at me mister... I'll merge you and punter if you don't change your tude....

11-13-2008, 10:55 AM	#1
FFMaro Drives: 91' Chevy Truck K1500 Join Date: Oct 2008 Location: Florida Posts: 37	MERGED: If I put down a $1K deposit, what would happen if GM goes bankrupt? Would they refund the money? Or would they still make my car?

11-13-2008, 11:39 AM	#4
Crowley Okie doke Drives: 2012 GT500 Join Date: Sep 2008 Location: McKinney Texas Posts: 3,568 View My Garage	Too bad the Chevy dealership isn't like the BMW dealership I dealt with. They didn't even deposit my check until the car came in. Crowley __________________

11-13-2008, 02:31 PM	#5
mrpre10der Guest Posts: n/a View My Garage	IF GM WENT BANKRUPT TOMORROW/WHAT REFUND if gm went belly up tomorrow what would the dealers do with our deposits.just wanted to know if you went to your dealer and the doors were closed what would happen . if gm goes bankrupt then dealers must shut down ,correct . we need to find out what would happen to our money .any ideas out there .we all need to know i think

11-13-2008, 02:33 PM	#6
nickspohn Drives: 2002 Camaro Join Date: Oct 2008 Location: Chicago Posts: 119 View My Garage	GM is GM, a dealer is a dealer. You need to worry if your dealer goes out of business. If your dealer is doing good and GM goes under, you can still get your refund from the dealer. __________________ Debating, either a Corvette or Camaro

11-13-2008, 03:46 PM	#10
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,769	Mods, we're going to need to do some merging. I recommend merging this thread with all the following: this thread, this thread, this thread, and this thread. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-13-2008, 11:07 AM	#2
toxicity Drives: 'Maro Join Date: Nov 2008 Location: PA Posts: 70	My dealer told me that my deposit was just so I wouldn't run off to another dealer and that if there was a good enough reason i could my money back no problem..... I'd talk to your dealer about it.... GM shouldn't be going bankrupt until next year and they most likely WON'T because you know they are going to get help from the government

11-13-2008, 11:09 AM	#3
live2well Drives: 2010 VR 2SS/RS A6 Join Date: Oct 2008 Location: Odenton, MD Posts: 688	Your deposit isnt with GM. It is with the independent dealer. So if the dealer is still in business then your money is safe. But if the dealer goes down with GM (which is likely) then you need to get in line with the rest of the creditors. Side Bar: GM isnt going anywhere. They are too big of a staple of our economy for the government to let fold.

11-13-2008, 02:33 PM	#7
dieseldave24v PowerStroke this Ford boy Drives: Like Don Garlits "Big Daddy" Join Date: Sep 2008 Location: Richlands/Camp Lejeune NC Posts: 462	Well that would be up to the individual dealer. GM does not have you deposit money. I privately owned dealertip does.

11-13-2008, 02:52 PM	#8
xl1200r Drives: 2006 Cobalt SS/SC Join Date: Oct 2008 Location: Cohoes, NY Posts: 109	Bankruptcy doesn't mean out of business.

11-13-2008, 03:44 PM	#9
mrpre10der Guest Posts: n/a View My Garage	JUST LOOKING OUT FOR EVERYBODY THANKS 4 YHE ANSWERS

11-13-2008, 04:22 PM	#11
Bentley78 Rice Cooker Drives: Avalanche Z/71, 2010 Camaro2SS Join Date: Jun 2008 Location: Hawaii/Phoenix Posts: 591	If you have a deposit with your local Chevy dealer and Tomorrow morning you go in to have a look around and signs up say; Closed Indefinitely, you have indefinitely lost your cash.

11-13-2008, 04:23 PM	#12
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	Merging 5 threads may get confusing. But, I'll do it if no one has a problem with it. 5 is way too many. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

11-13-2008, 04:29 PM	#14
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	Don't you roll your eyes at me mister... I'll merge you and punter if you don't change your tude.... __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

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