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Someone told me there was a picture of a dealer charging 90,000K over and keeping a 6K deposit.
If the deal fell thru, buyer would lose his deposit, so the dealer could restock, remarket etc the Z!
^^^
The ONLY way an ADM is remotely justified (IMO) is the GUARANTEE that you get your car QUICKLY. Any dealer that thinks he's going to get an ADM on a car delivered in 2025 is, IMO, dreaming.
^^^
The ONLY way an ADM is remotely justified (IMO) is the GUARANTEE that you get your car QUICKLY. Any dealer that thinks he's going to get an ADM on a car delivered in 2025 is, IMO, dreaming.
You can buy a Ferrari, Lamborghini, or Porsche Turbo for less
The repercussions were swift. Currently deactivated their social media, got destroyed on their fb page, had to delete it. Other dealers will learn from this.
I agree. In California through we also vote to protect people from unscrupulous businesses. You cannot make a deposit "non-refundable".
I'm not sure about how california law works, but I bet you could get around it by calling it a marketing and blah blah blah fee credited towards your purchase
I agree. In California through we also vote to protect people from unscrupulous businesses. You cannot make a deposit "non-refundable".
Keep in mind it is refundable until the order, with your specific options, colors, and style is accepted by GM and no longer modifiable. At that point, the dealership is on the hook for your car. I’m sure they’re legally allowed at that point to make it non-refundable, considering most dealers do this and it has been done this way for decades.
This isn’t unscrupulous, it’s a fair and honest business practice.
The repercussions were swift. Currently deactivated their social media, got destroyed on their fb page, had to delete it. Other dealers will learn from this.
I'd love to know what they expected to happen. Did they think that the Corvette crowd was so enthusiastic about the car that they would just line up to pay a nearly 100% markup over the base car? lol
They could get away with a big ADM without drawing so much flak on themselves. But they chose to swing for the fences and got hammered for it. If they kept it at something like $30-50k.. people would have been pissed but they would'nt have been the huge target for the mob.
Keep in mind it is refundable until the order, with your specific options, colors, and style is accepted by GM and no longer modifiable. At that point, the dealership is on the hook for your car. I’m sure they’re legally allowed at that point to make it non-refundable, considering most dealers do this and it has been done this way for decades.
This isn’t unscrupulous, it’s a fair and honest business practice.
regarding California, I was told specifically by a person at Boardwalk Chevy (yes, that dealership) that deposits in this state are 100% refundable up to and including the day you pick the car. You could order the car, have it built to your specifications, and decide at the last minute you changed your mind and don’t want it anymore. You’re still getting your money back by law.
regarding California, I was told specifically by a person at Boardwalk Chevy (yes, that dealership) that deposits in this state are 100% refundable up to and including the day you pick the car. You could order the car, have it built to your specifications, and decide at the last minute you changed your mind and don’t want it anymore. You’re still getting your money back by law.
Geoff
Fair enough. I’m not too surprised Cali has something like that but I’ve never lived there so I wouldn’t know. For the rest of the states where it is non-refundable, my statement stands that it’s not unscrupulous practices.
Someone told me there was a picture of a dealer charging 90,000K over and keeping a 6K deposit.
If the deal fell thru, buyer would lose his deposit, so the dealer could restock, remarket etc the Z!
Have to give him credit of trying to recover and flip the momentum. "We didn't intend on cause a problem", of course not, just intended to grossly overcharge for greed.
Fair enough. I’m not too surprised Cali has something like that but I’ve never lived there so I wouldn’t know. For the rest of the states where it is non-refundable, my statement stands that it’s not unscrupulous practices.
I would say it is unscrupulous. Just look at the stated "reasons" for the charge: Restocking? Marketing? Merchandising? Can anyone say that with a straight face? They just want to take advantage should the prospective buyer have some bad luck and not be able to close the dear or they find a more reputable dealer that will sell at Z06 at a fairer price or.......Now if the person was ordering an ordinary car with some crazy color schemes I could see it, but a Z06?
08-22-2022, 09:56 AM
Looking for the 90,000$ over letter
