Carefull with the deposits people. - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Screw991le · 11-18-2008, 04:25 PM

It was on the local new here. Dealers have been taking deposits for '09 and '10 vehicles. Then the dealership closes it doors. 13 dealers have gone under here in the last 3 months. Over 100 complaints have been taken by the attorney general's office. The local new is reporting that if the big 3 DO NOT get the loans it will be more close to 100. Some say it is too late, the dealers will continue to close due to record low sales. Even places that have been open for over 50 years!!!! That is just in this area.

Buyer beware with the deposits. A credit card deposit might save you in the long run. At least you dispute the charge. Cash will be gone!!!!!

*Camaro_Corvette* · 11-18-2008, 04:29 PM

Thats not good...:(

TJ91 · 11-18-2008, 05:27 PM

i will go and bash all the cars at the dealer at night, i will be untraceable. I will be pissed, and i would hunt my salesman down. Wow im really hostile.

rolnslo · 11-18-2008, 05:41 PM

If I had placed my order already and left a cash/check deposit with the dealer, I'd go back and have them switch it to a credit card deposit. If they wouldn't do that, then I'd want the full name, home address, and all personal phone numbers for the owner, general manager, sales manager, and sales person. You know...just in case the doors get closed and no one is around to refund your money.

I have a lot of faith that GM will survive through this ordeal and emerge on the other side as a much leaner organization. Unfortunately, I think that will include reducing the number of dealers in it's network through consolidation of brands and minimizing overlapping sales territories. There is going to be a lot of pain involved and transferring of assets in the process. I'm holding off on placing my order until next summer just because I don't want to get caught in the crossfire.

bob2the2nd · 11-18-2008, 05:53 PM

This is one of the main reasons I havent ordered yet. im trying to find a dealership that either doesnt need a deposit or will accept a credit card for a small deposit (500 or less). While I dont think GM will shut down, at this point im not 100% sure anymore.

VICTORY RED 1SS · 11-18-2008, 06:37 PM

If you don't know your dealership that well, just wait to buy one when there is lot stock, then you don't have to worry about your deposit.

hdhomer · 11-18-2008, 06:48 PM

Quote:

Originally Posted by rolnslo

If I had placed my order already and left a cash/check deposit with the dealer, I'd go back and have them switch it to a credit card deposit. If they wouldn't do that, then I'd want the full name, home address, and all personal phone numbers for the owner, general manager, sales manager, and sales person. You know...just in case the doors get closed and no one is around to refund your money.

I have a lot of faith that GM will survive through this ordeal and emerge on the other side as a much leaner organization. Unfortunately, I think that will include reducing the number of dealers in it's network through consolidation of brands and minimizing overlapping sales territories. There is going to be a lot of pain involved and transferring of assets in the process. I'm holding off on placing my order until next summer just because I don't want to get caught in the crossfire.

I agree. I may hold off until they hit the street. Whats the worst that could happen? I'll have to wait until summer. Or I might wait until fall and get an Aqua Blue SS.

Mr_Draco · 11-18-2008, 07:26 PM

Quote:

Originally Posted by hdhomer

Or I might wait until fall and get an Aqua Blue SS.

You can get a blue SS in the summer too, they'll be available at launch. White is the only color being delayed.

SScattergunSS · 11-19-2008, 02:26 AM

Quote:

Originally Posted by TJ91

i will go and bash all the cars at the dealer at night, i will be untraceable. I will be pissed, and i would hunt my salesman down. Wow im really hostile.

Way to go Toronto!!! I didn't think you Canadians were as violent as we Americans?! I guess these gorgeous new 2010 Camaros can really get the adrenaline flowing though?!!!

z28camaross · 11-19-2008, 12:57 PM

Quote:

Originally Posted by TJ91

i will go and bash all the cars at the dealer at night, i will be untraceable. I will be pissed, and i would hunt my salesman down. Wow im really hostile.

well if i see something like that on the news i know who to blame lol

L. James · 11-19-2008, 09:01 PM

Do you guys think it would be safer to use a credit card, or the credit function on my debit card?

whatismyusername · 11-20-2008, 03:58 AM

Credit card would you be your best and safest bet but I think you can only do chargeback’s within a certain period of time. I think it's 90 days max but I'm not sure.

L. James · 11-20-2008, 02:22 PM

Does any one know if you are going to get your deposit back from a creditor anyways? The reason I ask, is that my dealer is asking for another 1500 on top of the 500 I gave back in July, and with all that has happened I am very wary to do so.

Scott@Bjorn3D · 11-20-2008, 02:34 PM

I would get your 500.00 back and go to another dealer. That dealership is probably hurting and you are paying someone 2 week check.

11-18-2008, 04:25 PM	#1
Screw991le Drives: 2000 Corvette Coupe Join Date: Sep 2008 Location: Boston, MA Posts: 50	Carefull with the deposits people. It was on the local new here. Dealers have been taking deposits for '09 and '10 vehicles. Then the dealership closes it doors. 13 dealers have gone under here in the last 3 months. Over 100 complaints have been taken by the attorney general's office. The local new is reporting that if the big 3 DO NOT get the loans it will be more close to 100. Some say it is too late, the dealers will continue to close due to record low sales. Even places that have been open for over 50 years!!!! That is just in this area. Buyer beware with the deposits. A credit card deposit might save you in the long run. At least you dispute the charge. Cash will be gone!!!!! __________________ 2000 Corvette Coupe 2003 Trailblazer LT EXT 2007 G6

11-18-2008, 04:29 PM	#2
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,710 View My Garage	Thats not good...:( __________________ I am seriously never serious vv V vv Next order of business

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11-18-2008, 05:27 PM	#3
TJ91 :chevy: Drives: 2LT/RS Join Date: Jun 2008 Location: Toronto Posts: 13,037	i will go and bash all the cars at the dealer at night, i will be untraceable. I will be pissed, and i would hunt my salesman down. Wow im really hostile.

11-18-2008, 05:41 PM	#4
rolnslo Rolling along... Drives: 2011 2SS/RS SGM Join Date: Mar 2008 Location: Houston, TX Posts: 4,366 View My Garage	If I had placed my order already and left a cash/check deposit with the dealer, I'd go back and have them switch it to a credit card deposit. If they wouldn't do that, then I'd want the full name, home address, and all personal phone numbers for the owner, general manager, sales manager, and sales person. You know...just in case the doors get closed and no one is around to refund your money. I have a lot of faith that GM will survive through this ordeal and emerge on the other side as a much leaner organization. Unfortunately, I think that will include reducing the number of dealers in it's network through consolidation of brands and minimizing overlapping sales territories. There is going to be a lot of pain involved and transferring of assets in the process. I'm holding off on placing my order until next summer just because I don't want to get caught in the crossfire.

11-18-2008, 05:53 PM	#5
bob2the2nd Drives: CGM 2LT RS Join Date: Oct 2008 Location: newark, de Posts: 542	This is one of the main reasons I havent ordered yet. im trying to find a dealership that either doesnt need a deposit or will accept a credit card for a small deposit (500 or less). While I dont think GM will shut down, at this point im not 100% sure anymore.

11-18-2008, 06:37 PM	#6
VICTORY RED 1SS booyaah Drives: VICTORY RED 1SS Join Date: Nov 2008 Location: BRITISH COLUMBIA Posts: 135	If you don't know your dealership that well, just wait to buy one when there is lot stock, then you don't have to worry about your deposit.

11-19-2008, 09:01 PM	#11
L. James 'Vetteran Drives: 2007 CORVETTE, 2001 Camaro DD Join Date: Apr 2007 Location: Salt Lake City Posts: 69	Do you guys think it would be safer to use a credit card, or the credit function on my debit card?

11-20-2008, 03:58 AM	#12
whatismyusername Drives: 07 300C SRT-8 Join Date: Nov 2008 Location: Vancouver Posts: 15	Credit card would you be your best and safest bet but I think you can only do chargeback’s within a certain period of time. I think it's 90 days max but I'm not sure.

11-20-2008, 02:22 PM	#13
L. James 'Vetteran Drives: 2007 CORVETTE, 2001 Camaro DD Join Date: Apr 2007 Location: Salt Lake City Posts: 69	Does any one know if you are going to get your deposit back from a creditor anyways? The reason I ask, is that my dealer is asking for another 1500 on top of the 500 I gave back in July, and with all that has happened I am very wary to do so.

11-20-2008, 02:34 PM	#14
Scott@Bjorn3D Drives: Kami, 2013 2SS LS3 Luvin Join Date: Oct 2008 Location: Eufaula, Alabama Posts: 6,427	I would get your 500.00 back and go to another dealer. That dealership is probably hurting and you are paying someone 2 week check.