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Old 11-11-2015, 06:50 AM   #15
Dreng
 
Drives: 13 Camaro
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I prefer a deposit as it helps keep dealers honest. I had tried to by a car that was already ordered. Dealer and I agreed on 1k over invoice and got a piece of paper with our signature on it with no deposit. Some one came in after me but before the car arrived and agreed to msrp. Guess who got the car? Dear told me if I put a deposit it would have been mine but no deposit doesn't hold a vehicle.
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Old 11-11-2015, 09:51 AM   #16
LovePhenom
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$1,000 refundable deposit that goes towards down payment. Second new vehicle from my dealer.
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Old 11-11-2015, 09:53 AM   #17
mcintyre1969

 
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$5,000 nonrefundable deposit. I would have driven to another dealer, no matter how far. That is ridiculous!
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Old 11-11-2015, 10:50 AM   #18
GTIanZ28

 
Drives: 2016 V6 RS Camaro 6MT
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Quote:
Originally Posted by LoganThirtyacre View Post
My dealer told me I had to put a $5,000 NONrefundable deposit down for the Camaro I ordered. I did it because I really want the car, but was the wrong of the dealer to do that? If I chose to not pick up the car they earned $5,000 and a beautiful 2016 2SS that someone will buy.
Did you reach an agreement on price to go with that down payment?

If not they have you by the balls and can demand some crazy markup - you literally have zero negotiating power.

See that you have a 2014 SS. Definitely wouldn't try to trade it in. They could try to screw you over there as well.
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Old 11-11-2015, 10:56 AM   #19
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The deposit for a car thing is nuts to me. GM used to frown on dealers taking deposits. Maybe all you saying refundable is the dealers loophole. It's not like you ordered a red car with yellow interior...
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Old 11-11-2015, 11:34 AM   #20
LovePhenom
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Quote:
Originally Posted by SPCBA View Post
The deposit for a car thing is nuts to me. GM used to frown on dealers taking deposits. Maybe all you saying refundable is the dealers loophole. It's not like you ordered a red car with yellow interior...
I'd rather put down a deposit with a receipt to hold something rather than a verbal agreement. It gurantees that it's mine.
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Old 11-11-2015, 12:16 PM   #21
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Quote:
Originally Posted by laborsmith View Post
TRE = Dealer Stock
SRE = Retail (Customer Order) Sold

Laborsmith
Thanks laborsmith. When I went into my dealer on 10/28, he ordered it on Workbench and gave me a printout that was TRE. He said if you want this Camaro call me back and I'll order it for you. I called him back an hour later and pulled the trigger. Maybe then he changed it to SRE. I going to call Ken tomorrow.
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Old 11-11-2015, 12:38 PM   #22
Zack46


 
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$500 refundable deposit
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Old 11-11-2015, 02:46 PM   #23
Sinnthetic6
 
Drives: 2016 Camaro 2SS (ordered)
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The first dealer I spoke to wanted 20% NONREFUNDABLE up front, he said he had been burned in the past by people ordering and not taking the vehicle. I immediately ceased communication with him. Second dealer wanted $1000 refundable, I said that's fair and I traded in my car as the deposit which was much more than the $1000 deposit.
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Old 11-11-2015, 03:02 PM   #24
Jstyle
 
Drives: 2016 White 2SS on order
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1k refundable deposit from me. Let's be real a new 2ss is going to sell like a Popsicle in the Sahara.
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Old 11-11-2015, 03:11 PM   #25
tvwilkes
 
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I did a $500 dollar refundable deposit.
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Old 11-11-2015, 03:40 PM   #26
Tushar
 
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Drives: 2016 2SS
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Anyone here order from a dealer in the Bay area? San Jose, SF??
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Old 11-12-2015, 07:05 AM   #27
2014v6
 
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Check wit local laws but i believe that you have a right to reciention as long as you dont take delivery and dealer has to refund all money...
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Ordered:May 18 2013
2000 status 6-11-13
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3400 status 7-18-13
3800 status 7-20-13
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6000 status 7-31-13 first camaro ever...
Sold 7-5-14.. thank you oshawa assembly
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