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My Vette has finally been produced but life has threw me a curveball. Need advice.
Hey there!
So, I have a 2024 Corvette that's been produced, I have the vin and have the means to take possession of the vehicle. But something has come up in my life that makes completing this purchase no good at this time.
I've just come to this conclusion over the weekend and will be looking to talk about my options with my dealer but I'm interested in hearing the thoughts of the members here.
I imagine I'm not the first to have this circumstance. Is there something I should be doing/considering before telling my dealer that I can't take possession?
Just pull out if that's what you need to do. At worst case, you may lose your deposits. Your personal life is tons more important than a vehicle purchase.
Just pull out if that's what you need to do. At worst case, you may lose your deposits. Your personal life is tons more important than a vehicle purchase.
The build looks great, so I doubt they’ll have any problems selling it. Discus w/your dealer. Worse case is that you might lose your deposit. Good luck w/the circumstances that you’re dealing with…
List the build here maybe someone on a waitlist would love to have her without a wait. Have them PM you. If I didn't already have one building next week I would have bought the car.
For those that asked about the contract, yes, I stand to losey deposit. I'm honestly not too concerned about that. But I would love for them to say...hild it as a credit to be used at their dealer in the next 2 years (if that's a thing I can work out with them) I'm purchasing at MSRP so that's a plus. But I'm thinking if I go through the trouble of taking possession of it, by the time everything is said and done I would likely have to invest the same amount I stand to lose on the deposit. And I'm honestly not up to deal with the stress of making the deal happen right now.
Best case, the dealer allows me to use my deposit as a credit. But I'm not expecting that. It would just be nice if them.
i'd suggest advertising your build right here on the forum. see what comes of it. ya never know. maybe someone could slot right in and you sell them your deposit.
dunno where you live, but here in la la land, dealers are posting $20k mark ups for cars on the floor. and they will sell.
List the build here maybe someone on a waitlist would love to have her without a wait. Have them PM you. If I didn't already have one building next week I would have bought the car.
Until you take possession of the car it's the dealership's car. It isn't the OP's right to find a new buyer, it's the dealer that will make the decision on who to sell it to. The OP can ask the dealer but that's about it.
The dealer may or may not have people standing in line to buy at a few bucks over MSRP.
I bought a new Colorado Saturday. The dealer has 4 new Stingrays and a ZO6 on the floor and they are a very small dealership. Buyers has backed out. They’ve been on the lot for a couple weeks or more. They were asking $10k over for the SRs, negotiable, and $50k for the ZO6. Nobody was jumping in to buy. So that’s sort of where the market is.
Finding a loophole to back out doesn’t mean they will just roll over and write you a check. I believe your idea of asking them to let you use the deposit towards another purchase is a good idea. They can keep you money now and lose your future business or help you out and continue keeping your business. I think keeping the deposit on account for 12 months is about right.
You can find another person to buy the car from the dealer but you can not transfer the deposit and the dealer is not obligated to sell it to them at your contracted price.
List the build here maybe someone on a waitlist would love to have her without a wait. Have them PM you. If I didn't already have one building next week I would have bought the car.
You would be paying sales tax twice so it wouldn't be that easy !
I put a deposit down at a local dealer. They said it would take about 3 months before I could configure and a total of 6 months before delivery. I found the exact car I wanted in another state about a week before they would let me configure. I called the dealer and told them I wanted my deposit back. They said no. I said " I never signed any contracts". They refunded my money.
All the best to you. I hope your car and your life all come out OK.
For those that asked about the contract, yes, I stand to losey deposit. I'm honestly not too concerned about that. But I would love for them to say...hild it as a credit to be used at their dealer in the next 2 years (if that's a thing I can work out with them) I'm purchasing at MSRP so that's a plus. But I'm thinking if I go through the trouble of taking possession of it, by the time everything is said and done I would likely have to invest the same amount I stand to lose on the deposit. And I'm honestly not up to deal with the stress of making the deal happen right now.
Best case, the dealer allows me to use my deposit as a credit. But I'm not expecting that. It would just be nice if them.
Check the laws of your state. In California they have to return your deposit if you don't complete the purchase. There are some special exclusions but they don't apply to a normal dealer transaction.
Until you take possession of the car it's the dealership's car. It isn't the OP's right to find a new buyer, it's the dealer that will make the decision on who to sell it to. The OP can ask the dealer but that's about it.
well of course it’s up to the dealer but it surely wouldn’t hurt if he came up with a buyer.
I bought my car for 10k over. I would have had to do it if I ordered it too. I'm kind of surprised that they are still getting 10-20k over. It's been a year since I got mine and I thought the Z06 and Eray would cause them to go back to MSRP. I guess the crazy numbers for the Z06 is keeping the Stingray attractive at "only" 10-20k over. I doubt the Eray is going to make any difference either. I'm grateful that the value remains high but I sure would have liked to put that 10k into add-ons.
That being said, I really don't think you'll have trouble finding a buyer at MSRP. I would ****** it up if I didn't already own one. It's a beautiful configuration.
Your likely options are to forfeit your deposit or complete the purchase. Find out from your DMV if someone else were to pay the dealer for the car, even if titled in your name, would you be able to immediately transfer title to them without them being on the hook for sales tax [since they funded the purchase].
That being said, I really don't think you'll have trouble finding a buyer at MSRP. I would ****** it up if I didn't already own one. It's a beautiful configuration.
There is NO option for someone to "****** it up". You can not transfer the deposit or purchase agreement to someone else. If the Op does not complete the purchase the Dealer owns the car and they can sell to anybody at any price they want to ask.
Best to make the best deal you can on getting all or some of you deposit back and move on.
10-01-2023, 08:36 PM
My Vette has finally been produced but life has threw me a curveball. Need advice.
