Is the deposit on the car fully refundable?

bimmer · 04-06-2011, 10:52 AM

Short story,

I walked into a dealership couple days ago and put down a deposit on the 335. The car is not in production yet for another almost 2 weeks. Is the deposit on the car fully refundable?

Reason being that I just found the same car on the lot at another dealer for extra $1500 less and I don't pay a cent on metallic color (another $800, however I don't care for metallic color - just a bonus). I am willing to stay with my deposit and wait for the car as long as they much the price that other dealer gave me.

What is your take on this?

bimmer · 04-06-2011, 11:43 AM

Guys, I need to finalize this in the next few hours. If someone had any experience with deposits let me know.

Thanks

tbracing · 04-06-2011, 11:50 AM

You need to ask the dealer where you placed your order. Most dealers have a policy on no refund once a production slot is issued. If they will refund the deposit ask if they will match the other price, if they will they keep your production slot and take the extra cash. If not and they will give you the deposit back then buy the car you want and not what is available to drive off the lot today.

nbkkvv5 · 04-06-2011, 11:55 AM

Just read your contact and you will find the answer

Johnny D · 04-06-2011, 12:17 PM

It can be different in each state, but here they are required to refund any deposit.

FVM3 · 04-06-2011, 12:21 PM

i paid a deposit and decided to give up that car and all my deposit refunded

bbbradley · 04-06-2011, 12:21 PM

Quote:

Originally Posted by bimmer

Guys, I need to finalize this in the next few hours. If someone had any experience with deposits let me know.

Thanks

So you ask those of us who have no idea what you signed to answer your question?

Read the contract! Or, if your reading skills are failing you call the dealer, but be sure they use small words.

Johnny D · 04-06-2011, 12:29 PM

Your refund option will be on the back side of your buyers order. Im most states, if you havent signed the final paperwork, you are still entitled to a refund.

Again, call dealership or look at the back of your buyers order.

Outlaw 06 · 04-06-2011, 04:58 PM

Quote:

Originally Posted by bimmer

...What is your take on this?

Like others have said, it depends on your state's laws, the Uniform Commercial Code, and the "plain meaning" of the contract you signed.

You also failed to explain what the purpose of your deposit was...

bimmer · 04-06-2011, 05:12 PM

Got it under control. Everything went smoothly. More discount and awesome car!

HAPPY CAMPER HERE

Thanks to all for reply

Case closed

der_kommissar · 04-06-2011, 09:20 PM

Did the original dealer come through for you?

04-06-2011, 10:52 AM	#1
bimmer BMW FOREVER 30 Rep 504 Posts Drives: BMW 335is Join Date: Apr 2005 Location: east iTrader: (0)	Is the deposit on the car fully refundable? Short story, I walked into a dealership couple days ago and put down a deposit on the 335. The car is not in production yet for another almost 2 weeks. Is the deposit on the car fully refundable? Reason being that I just found the same car on the lot at another dealer for extra $1500 less and I don't pay a cent on metallic color (another $800, however I don't care for metallic color - just a bonus). I am willing to stay with my deposit and wait for the car as long as they much the price that other dealer gave me. What is your take on this? __________________ Bimmer __________________________________________________ 335is - AW, Loaded, 19" 313M, 6MT Thinking of F80
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04-06-2011, 11:43 AM	#2
bimmer BMW FOREVER 30 Rep 504 Posts Drives: BMW 335is Join Date: Apr 2005 Location: east iTrader: (0)	Guys, I need to finalize this in the next few hours. If someone had any experience with deposits let me know. Thanks __________________ Bimmer __________________________________________________ 335is - AW, Loaded, 19" 313M, 6MT Thinking of F80
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04-06-2011, 11:50 AM	#3
tbracing Lieutenant 22 Rep 413 Posts Drives: 1993 318I/ 2011 335i Join Date: Jan 2011 Location: At home :) iTrader: (0)	You need to ask the dealer where you placed your order. Most dealers have a policy on no refund once a production slot is issued. If they will refund the deposit ask if they will match the other price, if they will they keep your production slot and take the extra cash. If not and they will give you the deposit back then buy the car you want and not what is available to drive off the lot today.
	Appreciate 0 Quote

04-06-2011, 11:55 AM	#4
nbkkvv5 Second Lieutenant 3 Rep 256 Posts Drives: 09 E90 335i Join Date: Nov 2009 Location: SF Bay Area iTrader: (0)	Just read your contact and you will find the answer
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04-06-2011, 12:17 PM	#5
Johnny D Major 65 Rep 1,087 Posts Drives: 2006 BMW 325i Join Date: Apr 2011 Location: Hot Springs, AR iTrader: (4) Garage List 2006 BMW 325i [9.16]	It can be different in each state, but here they are required to refund any deposit.
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04-06-2011, 12:21 PM	#6
FVM3 Major General 295 Rep 5,751 Posts Drives: e92 m3, f30 328i Join Date: Sep 2010 Location: Los Angeles iTrader: (2)	i paid a deposit and decided to give up that car and all my deposit refunded
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04-06-2011, 12:29 PM	#8
Johnny D Major 65 Rep 1,087 Posts Drives: 2006 BMW 325i Join Date: Apr 2011 Location: Hot Springs, AR iTrader: (4) Garage List 2006 BMW 325i [9.16]	Your refund option will be on the back side of your buyers order. Im most states, if you havent signed the final paperwork, you are still entitled to a refund. Again, call dealership or look at the back of your buyers order.
	Appreciate 0 Quote

04-06-2011, 05:12 PM	#10
bimmer BMW FOREVER 30 Rep 504 Posts Drives: BMW 335is Join Date: Apr 2005 Location: east iTrader: (0)	Got it under control. Everything went smoothly. More discount and awesome car! HAPPY CAMPER HERE Thanks to all for reply Case closed __________________ Bimmer __________________________________________________ 335is - AW, Loaded, 19" 313M, 6MT Thinking of F80
	Appreciate 0 Quote

04-06-2011, 09:20 PM	#11
der_kommissar Private First Class 16 Rep 194 Posts Drives: 2015 Midnight Blue X1 xDrive28 Join Date: Apr 2010 Location: St. Louis, MO iTrader: (0) Garage List 2007 328i [0.00]	Did the original dealer come through for you?
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