Quote:
Originally Posted by JDBeck23
Just submitted an order with Country Chevrolet for a 2SS/RS CGM and am learning now that it seems damn near certain that GM will file bankruptcy this summer.
At first I was thinking I made a mistake ordering a camaro and shortly after I would be screwed because GM filing bankruptcy. What im wondering is how that will hurt production, and thus the car Im hoping to get by July or August.
Second thing is... given the huge demand for the new camaro, I would think a slowing in the production would only increase the price of the camaros that are actually on the lot.
What do you guys think? Should I withdraw my order and wait? Or leave my order and hope for the best?
Side note: the dealership I ordered from was an "at MSRP" dealer, but they wanted a 2500 dollar non refundable deposit. I went with this because I figured if I really wanted out of the order, I could get out of it, even though they say it's "non refundable". I ordered over the phone with a credit card for down payment, if push comes to shove I can tell them I never signed anything about non refundable, and I can just call my CC company and have them return payment. So what im wondering is, should I withdraw my order (only placed a few days ago) and maybe I can order a camaro in June under MSRP when the suspected bankruptcy comes out?
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Thoughts on your post:
First - The Oshawa factory will not be closing as will some U.S. factories. Perhaps someone there can tell is if they will close for two weeks in the summer as is normal, or since there is no model year change over for the Camaro if it is going to stay open.
Second - respect the Camaro by using the capital "C" when spelling it! LOL
Third - it is difficult to say where the price will be 6 mos, or a year, 5 years from now. The thing about "price" is this - can you afford it and is it a fair price when you buy it?
Fourth - Your side note - we've given some pretty hard hits to dealerships, but what you're doing is...
unethical. They told you "Non-refundable", so you're going to lie and say you never signed anything? Thats not going to work and is pretty sh***y on your part. Yea, the dealership will probably be able to sell it when it comes in, but still...you're doing the wrong thing here pal.
Finally - I wouldn't be overly concerned about GMs bankrupcy, except if you're one of its bond holders. Filing chapter 11 buys them time to reorganize and still continue doing business. It may impact some of the smaller suppliers, but there will be a GM for a long time.