Deposit ? When Trying to Order New 2017
Posting Guru
Joined: Oct 2010
Posts: 1,053
Likes: 3
From: Corn Country, Kansas
Same situation, I gave them $500. If anything it buys the ability to bug them from time to time. LOL
Post Fiend
Joined: Apr 2002
Posts: 19,311
Likes: 97
From: Waterloo, Iowa
Nothin'? Really? I don't know anything about how that would work. I figured it was similar to buying a truck off the floor, except it will take a lot longer to take delivery. It doesn't make sense to let somebody order a truck who may not be able to afford it. Seems like that would be the first thing they would do.
Senior User
Joined: Jun 2016
Posts: 173
Likes: 2
As everyone has said... generally you put $0- $1000 down. I did $1000 because I had it at the time and figure it will come off the top at signing. I also talked to a dealer that was asking $0 down as long as it was something he could sell if I backed out. Basically you are esentually ordering an $85,000 truck. Depending on color, options, and how many fully loaded F-450's they sell, it may be to much risk for them if you back out (ie will sell in 6-8 months at cost or at a loss). Check around but, 3 dealers telling you the same story...seems like it will be a hard sell if you can't/don't buy (if you put down the 10% they feel you are a serious buyer). I may not agree, but just my opinion on there actions.. 
Thread Starter
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Mountain Pass
Joined: Dec 2014
Posts: 129
Likes: 1
From: Summerland Key, Fl
Earnest money makes sense... they don't have time to BS. So $500 or $1000 weeds out the flakes. If you've built a business relationship with a dealer of course anything can be waived. Don't take this wrong, but is there a bankruptcy history or something in your credit rating like that? Have you had a car repo'd in the past? Just thinking out loud here. It sort of sounds basically like they threw those numbers out there to make you go away. They are in business to sell trucks and make money, if they can make it pencil out they'll do just about anything.
Hope everyone's Monday and work week is off to a good start. Thanks for all the feedback Gents.
V/R
Will
Thread Starter
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Mountain Pass
Joined: Dec 2014
Posts: 129
Likes: 1
From: Summerland Key, Fl
As everyone has said... generally you put $0- $1000 down. I did $1000 because I had it at the time and figure it will come off the top at signing. I also talked to a dealer that was asking $0 down as long as it was something he could sell if I backed out. Basically you are esentually ordering an $85,000 truck. Depending on color, options, and how many fully loaded F-450's they sell, it may be to much risk for them if you back out (ie will sell in 6-8 months at cost or at a loss). Check around but, 3 dealers telling you the same story...seems like it will be a hard sell if you can't/don't buy (if you put down the 10% they feel you are a serious buyer). I may not agree, but just my opinion on there actions..
Hopefully I can find a dealer that can work with the deposit I'm willing to make. As I told one dealer who wanted the 10K.....I asked what was the difference between a 1K non-refundable deposit and a 10K non-refunadble deposit? I don't have deep pockets, but they are also not shallow, either way, to me losing a 1K deposit is not an option and therefore would certainly keep me from backing out. Thanks Again for all the feedback!!
V/R
Will
Cargo Master
Joined: Dec 2003
Posts: 2,285
Likes: 2,017
From: Central MO
Deposits are not non-refundable. I don't think they can legally require a non-refundable deposit on a vehicle order (of course, FL may be different). It's quite likely they are just telling you it's not non-refundable. I've never had to put down a deposit, but even if I did, and changed my mind on the truck, they would have to give me my money back, so it's really rather pointless.
Junior User
Joined: Oct 2009
Posts: 51
Likes: 0
Afternoon, guys....hopefully someone can help me out here. I live in the Florida Keys and trying to get a deal going for a 2017 F450 Platinum with one of the South Florida Ford dealerships. So far I've gone through 3 dealers and the deal stopped immediately as soon as 2 of the dealer's ask for a 5K deposit and another dealer asked for an insane 10K deposit. Am I missing something
here????? How much of a deposit should one be expected to place when trying to order this truck? Any help and or guidance greatly appreciated.
V/R
Will
here????? How much of a deposit should one be expected to place when trying to order this truck? Any help and or guidance greatly appreciated.
V/R
Will
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Prolocutor
Joined: Jan 2009
Posts: 13,618
Likes: 1,245
From: Western MA
Deposits are not non-refundable. I don't think they can legally require a non-refundable deposit on a vehicle order (of course, FL may be different). It's quite likely they are just telling you it's not non-refundable. I've never had to put down a deposit, but even if I did, and changed my mind on the truck, they would have to give me my money back, so it's really rather pointless.
In many states, deposits are indeed non-refundable on special order vehicles. However, by law, they must be refunded when left on an in stock vehicle.
Prolocutor
Joined: Jan 2009
Posts: 13,618
Likes: 1,245
From: Western MA
Nothin'? Really? I don't know anything about how that would work. I figured it was similar to buying a truck off the floor, except it will take a lot longer to take delivery. It doesn't make sense to let somebody order a truck who may not be able to afford it. Seems like that would be the first thing they would do.
Elder User
Joined: Jul 2016
Posts: 610
Likes: 0
From: Witness Protection Progam
Deposits are not non-refundable. I don't think they can legally require a non-refundable deposit on a vehicle order (of course, FL may be different). It's quite likely they are just telling you it's not non-refundable. I've never had to put down a deposit, but even if I did, and changed my mind on the truck, they would have to give me my money back, so it's really rather pointless.
Hotshot
Joined: Apr 2013
Posts: 10,106
Likes: 644
From: NH
Nothin'? Really? I don't know anything about how that would work. I figured it was similar to buying a truck off the floor, except it will take a lot longer to take delivery. It doesn't make sense to let somebody order a truck who may not be able to afford it. Seems like that would be the first thing they would do.
Before changing my order to diesel, I ordered a gas dually. I offered the dealer a deposit because I knew that was an unpopular configuration. They said no need...
Cargo Master
Joined: Dec 2003
Posts: 2,285
Likes: 2,017
From: Central MO
Post Fiend
Joined: Apr 2002
Posts: 19,311
Likes: 97
From: Waterloo, Iowa
Yes, really. Special order vehicles take a minimum of 6 weeks and much longer on new releases like the 2017 SD. Your credit can change drastically in that amount of time. That's why for any loan type, when your credit is run, it's in 30 days or preferably less of the loan closing. So, if they ran your credit two months in advance it wouldn't necessarily tell them anything about your credit worthiness when the vehicle came in.