Re: Honor price
Insist on a VIN for the prospective vehicle.
Short of that, your deposit is a an indication of your interest in the purchase of a car, but not a firm purchase.
If you were a dealer and you had two customers waiting for a 'hot car' (meaning in demand, not stolen). One is willing to pay $300 over invoice, the other $2000 over invoice...for the exact same car, and were on allocation and had to wait a long time for the car, which one would you call when the car came in? The first person who made the deposit or the one where you are going to make the most money on?
Car dealers have been known (not sure if it's illegal or done anymore) to sit on deposits and honor more profitable ones when they are selling hot cars.
With the VIN, your car is specifically identified and can't be sold to someone else (at least, I don't believe it can).
You can negotiate a great price...but at the end of the day, without the VIN that doesn't mean you will necessarily get the car... all it means is you got a great price, someone else, with a worse price could get the car.
Last edited by haroldo; 06-01-2008 at 05:46 AM.
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