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Old 12-24-2008, 10:18 AM   #1
Haloman1346
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I got my letter today!!! (Look Inside!)

December 22, 2008



Dear Mr. Williams:

I am sure it is no news to you when I say the auto industry is going thriugh some challenging times. While I feel certain we and the industry itself will perservere, it is impossible under today's circumstances to predict any reasonable timeline for sold orders. Your order will remain as it is now, on order, and you will be given the opportunity to purchase the auto when it arrives, however I can not in good conscience hold your deposit.


Sincerly,
Greg Clark
President




Stapled to the back of the letter was a check for $1,000.00, my deposit. I don't know what to think of this. If you don't believe me, I can see if I can scan the letter and somehow post it on the site.
What should I do? Believe me when I say this, I still want to stay with the dealer, but I am really confused. Makes me think if the dealership itself is folding. Hell look at this

http://www.camaro5.com/forums/showthread.php?t=10878

I posted this on the 22nd, the day the letter was sent. I'm feaking out... Should I really be worried? Should I stick with this dealer? Should I blow my brains out because this car may never come out and I should just end all the suffering?
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Old 12-24-2008, 10:22 AM   #2
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This is interesting. Let's see what our Camaro5 dealer-team thinks of this.
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Old 12-24-2008, 10:26 AM   #3
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Sounds like to me that your dealer is either closing it's doors here soon or isn't sure that it will remain open in time for your car to arrive. Either way I would start looking for another dealer as most likely you won't be getting your car from them.
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Old 12-24-2008, 10:28 AM   #4
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IMO, I would look for another dealer. He may be giving you a "Hint" that they are closing and doesn't want to keep your money due to previous relationships.
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Old 12-24-2008, 10:29 AM   #5
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I'd cash that check! He might be thinking about calling it quits and if that is so, I can understand his decision to give you your deposit back. I would think that any dealership that was financialy viable, would keep deposits. He has indicated that your order is being kept and you must have the sales contract so that should protect you if the dealership does get your car in. As others have said, you might want to look elsewhere.
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Old 12-24-2008, 11:54 AM   #6
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Quote:
Originally Posted by Haloman1346 View Post
December 22, 2008



Dear Mr. Williams:

I am sure it is no news to you when I say the auto industry is going thriugh some challenging times. While I feel certain we and the industry itself will perservere, it is impossible under today's circumstances to predict any reasonable timeline for sold orders. Your order will remain as it is now, on order, and you will be given the opportunity to purchase the auto when it arrives, however I can not in good conscience hold your deposit.


Sincerly,
Greg Clark
President




Stapled to the back of the letter was a check for $1,000.00, my deposit. I don't know what to think of this. If you don't believe me, I can see if I can scan the letter and somehow post it on the site.
What should I do? Believe me when I say this, I still want to stay with the dealer, but I am really confused. Makes me think if the dealership itself is folding. Hell look at this

http://www.camaro5.com/forums/showthread.php?t=10878

I posted this on the 22nd, the day the letter was sent. I'm feaking out... Should I really be worried? Should I stick with this dealer? Should I blow my brains out because this car may never come out and I should just end all the suffering?
That is kind of odd. Hope its just your dealer, no offense intended, I can't imagine it goes farther than that. I suppose this is what the financial crisis is going to look like as it starts to effect the real economy. God, this is going to be a looooonnnnnnggg winter.:(
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Old 12-24-2008, 11:54 AM   #7
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I have to agree with everyone else here, btu at least hes doing the right thing and giving you your money back. I'm sure theres plenty of dealers that went out that didnt....
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Old 12-24-2008, 11:59 AM   #8
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If I randomly get my deposit sent back I'm going to be pissed. You need a better explanation.
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Old 12-24-2008, 12:02 PM   #9
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...Find another dealer...
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Old 12-24-2008, 12:24 PM   #10
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This looks like it could be one of two things to me:

1) Like everybody else said, the dealer is going under.

OR

2) Your dealer is playing you straight. He doesn't know for sure if the Camaro will be delayed or not, and is worried that it will be. As such, he is refunding your deposit. Bear in mind that he is NOT changing your spot in the availability list, or getting rid of your order.

Doesn't seem like there's too much risk in contacting another dealer about their availability, but it really sounds more to me that the dealer is just worried about GMs financial situation right now, not about HIS financial situation.
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Old 12-24-2008, 12:52 PM   #11
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A. Dealership is going under.
B. Dealership wants more than MSRP.

-Bobby
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Old 12-24-2008, 01:09 PM   #12
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He must be going under..and if thats the case I would shake his hand for being honest with you..alot of dealers would just go under and your 1000 with it. or yes he is getting better offers than MSRP...only time will tell. but I would cash it and find another dealer.
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Old 12-24-2008, 01:15 PM   #13
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Which dealership up in Orlando?

-Bobby
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Old 12-24-2008, 10:36 PM   #14
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I am from Orlando as well and curious to the dealership...

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Originally Posted by bobby35ny View Post
B. Dealership wants more than MSRP.

-Bobby
With my past experience with Chevy dealerships in Orlando, I am leaning towards that as well....someone walking in with a boat load of money stating he would take the camaro at any price and they kicked you back a few notches...
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Old 12-24-2008, 10:39 PM   #15
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Dealer is probably closing it's doors...:(
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Old 12-25-2008, 02:01 AM   #16
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I know that this could be completely off the mark but what if the dealer gives the deposit back and takes over the ownership of the order that he placed...because he's thinking these cars are gonna come off the lot at a massive premium? Just a guess.

Or it could be he has a heart of gold (cough cough splutter splutter) and wants to give you your money back b4 he folds (cough cough splutter splutter)?????

Interesting!

EDIT: After re-reading the first post I am CONVINCED this is a stealership tactic to get you to buy it later at a ridiculous price. Go back and tell them you WONT accept the return of the cheque and you want to keep your order with GM. DONT back down!
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Old 12-25-2008, 04:12 AM   #17
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Quote:
Originally Posted by Matrix View Post
I know that this could be completely off the mark but what if the dealer gives the deposit back and takes over the ownership of the order that he placed...because he's thinking these cars are gonna come off the lot at a massive premium? Just a guess.

Or it could be he has a heart of gold (cough cough splutter splutter) and wants to give you your money back b4 he folds (cough cough splutter splutter)?????

Interesting!

EDIT: After re-reading the first post I am CONVINCED this is a stealership tactic to get you to buy it later at a ridiculous price. Go back and tell them you WONT accept the return of the cheque and you want to keep your order with GM. DONT back down!
I tend to agree with this assessment. No dealer out of the kindness of their hearts send you back your deposit in this manner. I have to agree that this might be a dirty trick to get all of the people who ordered their Camaro's at MSRP to back away from their contracts and that is exactly what you will do if you cash the check unless it is written and signed otherwise. So get it in signature that your order stands and is not canceled before you cash it and you should be alright from this tactic. If they refuse, then you know what they're doing. Either way, I would look to place another order elsewhere but try and keep the one you have if possible with a signed contract.
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Old 12-25-2008, 06:58 AM   #18
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It could be several reasons, but you better go cash that check while its still good. GMAC was going to shut off credit to the dealerships if they didn't get part of the money the banks got. If that happened, dealerships wouldn't have gotten the cars anyway because GMAC wouldn't have allowed them to. But as of yesterday that changed. Be on the safe side and cash that check and find another dealership to order from. That way you get your money back and you will have two orders. Whichever one comes through first you go with.
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Old 12-25-2008, 08:18 AM   #19
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Quote:
Originally Posted by Matrix View Post
I know that this could be completely off the mark but what if the dealer gives the deposit back and takes over the ownership of the order that he placed...because he's thinking these cars are gonna come off the lot at a massive premium? Just a guess.

Or it could be he has a heart of gold (cough cough splutter splutter) and wants to give you your money back b4 he folds (cough cough splutter splutter)?????

Interesting!

EDIT: After re-reading the first post I am CONVINCED this is a stealership tactic to get you to buy it later at a ridiculous price. Go back and tell them you WONT accept the return of the cheque and you want to keep your order with GM. DONT back down!
The letter they sent him says that his order will stand as is so the car will be in his name. Any contract or any thing they agreed to when the order was placed is still valid. The dealer can't take over the car or increase it's price without legal repercussions as he didn't cancel the order.
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Old 12-25-2008, 07:36 PM   #20
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I was watching some news story this morning and a Dealer was going to resign being a Chevy Dealer. He had other car lines to carry him through!!!

Who knows the rest of the story behind this?

Last edited by Hoss; 12-27-2008 at 06:36 AM.
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Old 12-26-2008, 03:44 PM   #21
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This stinks of funny business! In my 50+ years of life, I have never seen a company give money back to anyone prior to going out of business. Typically, with few exceptions, the reason for going out of business is that there is no cash to stay in business. The only ones that get money in this case are the secured creditors, and that is based on liquidation revenue, often pennies on the dollar. I am not sure of the angle being that the car is in your name, but this does look like he has a better offer and is trying to push you out. I would challange the dealer on this letter/move. You still may want to cash the check asap and run with the money (assuming it is good). HOWEVER - BE AWARE, AS SOON AS YOU CASH THAT CHECK THE CONTRACT WILL BREAK AS THE DEPOSIT IS PART OF THAT CONTRACT! In any case I would not want to be in your shoes right now.

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I tend to agree with this assessment. No dealer out of the kindness of their hearts send you back your deposit in this manner. I have to agree that this might be a dirty trick to get all of the people who ordered their Camaro's at MSRP to back away from their contracts and that is exactly what you will do if you cash the check unless it is written and signed otherwise. So get it in signature that your order stands and is not canceled before you cash it and you should be alright from this tactic. If they refuse, then you know what they're doing. Either way, I would look to place another order elsewhere but try and keep the one you have if possible with a signed contract.
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Old 12-26-2008, 11:56 PM   #22
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Your order will remain as it is now, on order, and you will be given the opportunity to purchase the auto when it arrives, however I can not in good conscience hold your deposit.


i'm with the poster above, sounds like they want to order your car and then sell it to the highest bidder.

if they were going out of business they would have gone through your 1k a long time ago.
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Old 12-27-2008, 12:53 AM   #23
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Dicey..... But things as we knew them even 2 months ago have changed. Every one was "happy" then to pay MSRP as there was this threat that all the dealers would collaborate and only sell the car for 5 or ten over MSRP. Now the dealers are struggling to stay alive. Not only is his sales down 45% but he can't order stock for the floor as he has no credit. In the life of a general manager rarely does he get to sell at MSRP.

ALL the rules have changed since they got 5 or 10 over on the GTO and it was limited to 18,000 the Ist time out.

There are no limit of dealers who will sell at MSRP...so be on the safe side and forget what this guy is up to and just find another deal. No orders have been drawn at this time ,so do not worry about losing your space.
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Old 12-27-2008, 09:01 AM   #24
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My Dealer still has my $1000...I have the second car ordered and the first SS. It sure makes you wonder!!!
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Old 12-27-2008, 08:51 PM   #25
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The dealer is Cecil Clark Chevrolet, for those who are in the central Florida area. Google them if you're interested. Hell if your willing to, do me a favor and call them up and start asking them questions, but dont give tell them anything about the website (camar5) or anything about my situation.

Just start asking them about how many they are allowed to order, and ask them if they go with them what # you will be on the list. I am currently number 3 on the list.

I hope they arnt folding, and I hope they arnt stabbing me in the back raising the price over MSRP. I called CamaroScotty and talked to him for about 10 minutes. If i cant find a dealership in Florida I can work with, I may be doing buisness with Scott.

Its still too early to say anything. I'll be giving them a call after the new year and just get any information I can. Ill keep you guys posted.
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