Order deposit
Laughing Gas
Joined: Apr 2012
Posts: 902
Likes: 51
From: Clark, WY
Like the first reply said, it depends on the dealer. In reality, or legally, the deposit is earnest money. Meaning, if you (buyer) backs out they keep it, if the dealer (seller) backs out you get it back. Most dealers are looking at customer satisfaction and future sales, so they will probably refund it, they just legally don't have to.
Lead Driver
Joined: Oct 2014
Posts: 5,938
Likes: 1,355
From: NY/Canada border
I haven't ordered a truck in some years. My first order was in 1997 and then a couple more in the early 2000's. I was never asked for a deposit. I even asked if they needed one. They simply told me they'd have no problem selling the truck if I didn't take it.
Believe Nothing
Joined: Jun 2004
Posts: 7,513
Likes: 394
From: W. Central FL.
?This /\ I would think the dealer holding the deposit would want a transaction to come down now rather than wait for a vehicle to be built. Might help to "pony up " a few dollars extra $$ to make it happen. I would guess it may take a sales manager's decision to make the deal come to be. If the original deal left a lot of your money on the table, it might not be possible.
Fleet Mechanic
Joined: Mar 2006
Posts: 1,519
Likes: 133
I also know some dealers will take a deposit if its a harder truck to sell. Lets say a Lariat trim 4x2 in a Northern state. They will sit on it or end up sending it south.
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Fleet Owner
Joined: Jan 2004
Posts: 26,007
Likes: 575
From: Brentwood,CA
Transferring a truck from another dealer cuts into your deal. Only the original dealer gets the hold back. So if your selling dealer is cutting into hold back to give you a deal don't expect it on a transfer.
Posting Guru
Joined: Jan 2011
Posts: 1,352
Likes: 4
on a side note, never put a deposit down.
Posting Guru
Joined: Jan 2011
Posts: 1,352
Likes: 4
thats like writing "paid in full" on the memo line of a check on a partially paid balance. It means nothing.
Laughing Gas
Joined: Apr 2012
Posts: 902
Likes: 51
From: Clark, WY
I have put down a deposit on every vehicle I have ordered. It is an action that symbolizes a transaction. It means the dealer owes you something in return. If you do not place a deposit then you are simply asking the dealer to order a truck, they have no obligation to do so. The action is the legal extension of the truism "money talks, bull**** walks".
Since there is no obligation a dealer could order "your" truck and then sell it to someone else (presumably someone who will pay more) or change the deal, since in reality there was no deal to begin with.
Since there is no obligation a dealer could order "your" truck and then sell it to someone else (presumably someone who will pay more) or change the deal, since in reality there was no deal to begin with.