Deposit
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Tuned
Joined: Oct 2017
Posts: 266
Likes: 48
From: Ohio
Deposit
I posted about 2 months ago about looking for a new f450. I couldn't find one then and only marginally easier now. Dealers won't return calls, want deposits, don't even talk price because it must be so easy to sell them. Large dealer in Ohio wants a$5000 deposit to put my name on a 2021 due in December.
These are different times, no doubt. But I've never put a deposit on a truck. This will be my seventh new purchase. Am I in the wrong here? Should I just accept that this is the way it is? Sticks in my craw a little. We haven't even discussed price or trade in!
These are different times, no doubt. But I've never put a deposit on a truck. This will be my seventh new purchase. Am I in the wrong here? Should I just accept that this is the way it is? Sticks in my craw a little. We haven't even discussed price or trade in!
More Turbo
Joined: Jun 2017
Posts: 602
Likes: 2
Never put more than 500$ deposit before on a ordered truck.
This June I ordered a 450 and the dealer wanted 5000$ deposit. We already had negociated the price and everything when he told me that.
I said wtf are you crazy ? And left.
He called me back the next day and told me he would order the truck with no deposit 😂
This June I ordered a 450 and the dealer wanted 5000$ deposit. We already had negociated the price and everything when he told me that.
I said wtf are you crazy ? And left.
He called me back the next day and told me he would order the truck with no deposit 😂
Elder User
Joined: Apr 2010
Posts: 754
Likes: 0
It doesn't really make sense for them to be wanting these large deposits due to the current "situation". Deposits are to make sure you actually come back for the vehicle and they don't get stuck with it. Unless you are ordering a very unusual configuration, considering the current situation there is little to no chance the dealership will be stuck with it.
Pure taking advantage of a customer!
I ordered my 2020 in August with x-plan and no money down, no questions asked.
Pure taking advantage of a customer!
I ordered my 2020 in August with x-plan and no money down, no questions asked.
Posting Guru
Joined: Feb 2018
Posts: 1,555
Likes: 516
Deposits are only an expression of your desire for them to get you a truck. There is nothing legally significant going on. Even if the dealer orders your truck and you renege, you get your deposit back. The deposit is usually just a token amount. Five thousand dollars is absurd. It sounds like the dealer was trying to NOT do business with you.
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Tuned
Joined: Oct 2017
Posts: 266
Likes: 48
From: Ohio
Deposits are only an expression of your desire for them to get you a truck. There is nothing legally significant going on. Even if the dealer orders your truck and you renege, you get your deposit back. The deposit is usually just a token amount. Five thousand dollars is absurd. It sounds like the dealer was trying to NOT do business with you.
I'm glad to see I'm not crazy on my opinion of deposits
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Mountain Pass
Joined: Aug 2020
Posts: 144
Likes: 17
From: FL
I put $1k down on a '20 special order. The only reason the dealer required it for the order is that I highly optioned a lariat and then got carpet delete. He said if I didn't delete the carpet, they wouldn't have required it.
Cross-Country
Joined: Sep 2020
Posts: 89
Likes: 9
Other dealer I went to wanted deposit no matter what, not sure amount because they said MSRP only, not even xplan, so I walked fast.
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Mysticstang
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Aug 7, 2022 11:37 AM