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      09-24-2016, 12:44 PM   #1
KokoPebble
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Deposit on Allocation Refundable?

So after calling like 30 dealers I finally found an open allocation and am about to put down a 2500 dollar deposit that is non refundable. I was wondering if any of you guys put down that much, and if it is normal to be non-refundable.

Thanks!
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      09-24-2016, 12:49 PM   #2
falconfixer
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I put 1000 down and it is refundable up until production.
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      09-24-2016, 01:53 PM   #3
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Quote:
Originally Posted by KokoPebble View Post
So after calling like 30 dealers I finally found an open allocation and am about to put down a 2500 dollar deposit that is non refundable. I was wondering if any of you guys put down that much, and if it is normal to be non-refundable.

Thanks!
Varies by dealer. But if you're sure about the car, the fact that you found an allocation is more important IMO.

Personal experience. $1000 refundable all the way before delivery.
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      09-24-2016, 05:56 PM   #4
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I put $1,000 and they said they would not charge my card until it went into production.
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      09-24-2016, 07:01 PM   #5
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In California I know any deposit is refundable, they may try and give you a hard time but it IS refundable at the end of the day. I had to put 5k down on my production number (which will go towards car purchase price) but they use it for "assurance" that I'm serious lol.
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      09-24-2016, 08:12 PM   #6
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My dealer told me the deposit was not refundable... After they didn't get my allocation this last round I asked them for my $2000 deposit back and they gave it to me. I figured it wouldn't hold up and I was right. If one doesn't have a production number I think they would be hard pressed to keep the deposit of you ask for a refund.
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      09-24-2016, 09:23 PM   #7
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I put $2,500 non refundable but only because I was sure about the car. I was pretty sure also that if I didn't get an allocation within the year I would get it back. 2nd place on the list and I got my allocation back in June for August build.
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      09-24-2016, 10:58 PM   #8
mrcheezle19
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What I find strange is how most dealers want deposits from 2k-5k. When someone places an order for a GT350 or 350R from me we take a check for 500 and just sit it in their deal jacket until the car shows up. Oh well.
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      09-24-2016, 11:10 PM   #9
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I put $1,000 down which was returned to me once my wait reached 6 months. So I now have a production number with no money down. Quality dealership.
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      09-25-2016, 02:08 AM   #10
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Quote:
Originally Posted by mrcheezle19 View Post
What I find strange is how most dealers want deposits from 2k-5k. When someone places an order for a GT350 or 350R from me we take a check for 500 and just sit it in their deal jacket until the car shows up. Oh well.
Yea my dealer was $500 non refundable . Chump change to what I read on here
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      09-25-2016, 11:23 AM   #11
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My dealer required a $5000 non-refundable deposit. Got my production number that same day and the car went into production one week later, so it was fine with me.
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      09-25-2016, 11:36 AM   #12
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Yeah I think deposits are a good idea with how flaky the waitlists seem to be, people dropping off left and right. Gives a more accurate view of what the real backlog is.
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      09-25-2016, 09:28 PM   #13
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Quote:
Originally Posted by KokoPebble View Post
So after calling like 30 dealers I finally found an open allocation and am about to put down a 2500 dollar deposit that is non refundable. I was wondering if any of you guys put down that much, and if it is normal to be non-refundable.

Thanks!
So you called and got an actual allocation for immediate production? I guess that's not bad. Not a deposit to be on a waiting list. Just to be on a waiting list, that would be ridiculous.
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      09-26-2016, 10:20 AM   #14
KokoPebble
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Well I called the dealer and asked him to make it refundable until the production date and he was fine with it. But yeah I got an allocation for week 46! It took a long time to find though. Thanks for all the replies though, i'm soo pumped for this car.

I called one place that wanted a deposit for a possible allocation in 3 years... told them I would call back in 2 and a half. Haha
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      09-26-2016, 02:41 PM   #15
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Quote:
Originally Posted by KokoPebble View Post
Well I called the dealer and asked him to make it refundable until the production date and he was fine with it. But yeah I got an allocation for week 46! It took a long time to find though. Thanks for all the replies though, i'm soo pumped for this car.

I called one place that wanted a deposit for a possible allocation in 3 years... told them I would call back in 2 and a half. Haha
haha im same week. same area
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      09-26-2016, 02:53 PM   #16
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I put $1k deposit fully refundable until production starts.
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      09-26-2016, 02:56 PM   #17
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I put down $7500, which was a condition of purchase. But purchase itself is locked at MSRP, so I didn't give a rip. Pay now or pay later. Or both
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      09-26-2016, 03:16 PM   #18
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Use a credit card *poof* refundable!
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      09-26-2016, 04:05 PM   #19
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I put down a refundable $1,000 when I placed myself on the wait list back in April, however, a buddy of mine called the same dealer a couple of months later and they bumped the deposit up to $5,000.
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