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YOUR RESEARCHWhat is a typical amount of deposit for a p-car
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few years away
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Also, as others have said, you shouldn't have to put down more than $1k for a model that hasn't been announced yet and is likely a few years away.
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Don't give them a check unless they'll put this in writing.
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I am curious of how the deposit system works, I am planning to purchase the cayman club sport (if it is ever produced), and wondering what is a typical amount required.
Thanks
2-5 K for a car slotted for production is right. Maybe even for the basic Cayman which has a good probability of being produced. But, for a "possible" Cayman clubsport that may never be produced? Or, is still several years away? I would think $500 lets the dealer know you are serious about being first in line on a possible waiting list for a possible future car.
less than $1000 to gaurantee a spot for a future, unannounced car.
2000-3000 is normal for an ordered car with nothing out of the ordinary.
all these should be refundable.
for a really wierd order like purple on yellow, they may ask for a large , non refundable deposit. that is the only case a non-refundable deposit should be asked for.
PS. in most states it is illegal to refuse refunding for a car deposit, unless of course there is a contract involved in the original deal (this will supercede the defacto law). said contract should also only be involved in a 'wierd' order.
if you are ordering something normal and the dealer wants you to sign a non refundable deposit, walk away, they are probably trying to pull a fast one.
When I put down deposits ($1k-$5k), I get in writing from the dealer that it's fully refundable & transferable, which slot I get (ie how many deposits are ahead of me) and that I'm paying MSRP. I'm no lawyer, but I've seen many a greedy dealer that tries to jack up the price or sell your car out from under you. Don't give them a check unless they'll put this in writing.
Also, as others have said, you shouldn't have to put down more than $1k for a model that hasn't been announced yet and is likely a few years away.
I put zero on deposit for a $100k car at a dealer in MA.....they dicked me around on the delivery date....One Saturday, I found a car that I fell in love with (and it had a few more options) at the car show in Philly, for $105k. I bought it with a check and told the first dealer the bad news on Monday.
There are a lot of cars available, deposits are usefull for holding a seller to a really great deal you have made. No great deal? no deposit.
Thanks for all the replies, it was a weak moment on my part...with this car addiction thing i am suffering....but, I am going to wait till the caymanS to even consider a deposit on the c.s.....I actually highly doubt whether it will be a reality...a less expensive porsche that may even out perform the gt3...I think not.
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