Frustrated ordering for spring

[Must_have_stang]

*** I wasn't being an a$$ or a punk, up front and nice. 40 yrs of age and bought plenty of new cars before**

I was trying to order a gt competition orange prem with performance packages only for spring delivery, the advice from initial salesman back in mid November is to come in mid to late December to place an order. At the time of the dealer visit, initial salesman said, $500 refunded deposit with stipulation of APR at the time of delivery. Sounds great. Comes to this week, visited the dealer again to place order, the initial salesman was busy and got pass to another guy at the dealer. They came back and changed their story, their manager wants $1,000 deposit non refundable and no condition for APR. Stating the car can't be resold cause of custom order. I didn't make a fuss, walked out and felt it was a waste of time. Later in the evening, I am on the phone with the initial salesman and he is trying to work it out with his manager. No resolution yet. Should I just not care to do business with this dealer? Knowing the things I know now and it could be a head ache down the line. Prior to this dealership, I was at another dealer in the area wanted buy a mustang. They wanted a credit check even to test drive their mustang and wanted a $1,000 deposit for ordering. I didn't like the it and refuse to work with a dealer whose purpose is to have credit check first to do anything.

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[Jason Richardson]

Of course it can be "re sold". Is that dealer foolish enough to make you believe that you're the only one who would buy a 2015 Mustang with those options? Give me a break. The very fact that they are trying to change the deposit terms they proposed and agreed to themselves means you should run not walk to another dealership. They havent placed the order anyway, youve lost nothing and they were stalling this whole time. Next time get the dealer to place the order in front of you, agree to terms in writing, and get a printed confirmation. Good luck

 

[thehunterooo]

From my own experience with my dealer and for what I have seen, when you order you will have to place a deposit, of course though you only will lose the deposit if you change your mind after you order, if you can not get financed or something along those lines happens then you should get the deposit back. Though if it as 100% non-refundable altogether then that is a problem and the dealer is being very shady.

I actually don't mind the credit check before the test drive thing, it seems there are number of dealers who do it, I mean you had an intention to buy a car but some people will go in just for a joy ride with a 350 credit score and no money. Financing wise I am pretty sure the dealer is unable to guarantee any interest % at the time of the order, trade in values, the ability to get financed, etc. They can give you are pretty good idea though at the time but nothing is concrete.

I would try to go to another dealer in your area and try again.

 

[Must_have_stang]

I have bought new cars at times with no special apr so I have to opt for market rate (not crazy ballon rates). Which I am fine with. Given these are dealer stocks. However, I also tried to bought cars in the past where dealers were being shady with interest rates when I had a better deal on pricing. I just don't want to be in the position in the latter where I am confine to their take or leave it higher apr knowing I have no wiggle room with my deposit being non refundable.

 

[Must_have_stang]

I did have them run my credit score to get an idea without submitting for approval. They came back with 9.9%, I told them take me seriously when I have been up front with them and this isn't the first time I am buying a car. The second time was 6% from capitalone. Which was better but I know it is still too high for a new car. But I have a better idea on their tactics.

 

[texag70]

*** I wasn't being an a$$ or a punk, up front and nice. 40 yrs of age and bought plenty of new cars before**

I was trying to order a gt competition orange prem with performance packages only for spring delivery, the advice from initial salesman back in mid November is to come in mid to late December to place an order. At the time of the dealer visit, initial salesman said, $500 refunded deposit with stipulation of APR at the time of delivery. Sounds great. Comes to this week, visited the dealer again to place order, the initial salesman was busy and got pass to another guy at the dealer. They came back and changed their story, their manager wants $1,000 deposit non refundable and no condition for APR. Stating the car can't be resold cause of custom order. I didn't make a fuss, walked out and felt it was a waste of time. Later in the evening, I am on the phone with the initial salesman and he is trying to work it out with his manager. No resolution yet. Should I just not care to do business with this dealer? Knowing the things I know now and it could be a head ache down the line. Prior to this dealership, I was at another dealer in the area wanted buy a mustang. They wanted a credit check even to test drive their mustang and wanted a $1,000 deposit for ordering. I didn't like the it and refuse to work with a dealer whose purpose is to have credit check first to do anything.

I keep reading threads where this happens frequently. A dealer wants to add a premium to the MSRP, won't accept X or any other plan pricing, and wants a non-refundable deposit. I think this forum can be used to recommend dealers in many areas that offer X and other plan pricing and no shady pre-purchase or non-refundable deposit requirements. I bought my RR GT premium from a dealer here in South Georgia that I've done business with for years. They not only did X plan but gave me the EAA $750 and another $500 rebate. If anyone is interested in my delaer send me a PM through this forum. Hopefully other '15 buyers who have had a good and honest buying experience will recommend their dealer. Good luck.

 

[gofastguy]

I didn't mind giving a $500 deposit. We didn't even discuss whether it was refundable but then again I am dealing with a pleasant and low pressure dealership so I really wasn't worried. I have found over the years that the dealerships who are always squeezing you for money are almost always more expensive to buy from than the "nicer" ones so why bother with them and their games?

 

[Niko Chester]

I keep reading threads where this happens frequently. A dealer wants to add a premium to the MSRP, won't accept X or any other plan pricing, and wants a non-refundable deposit. I think this forum can be used to recommend dealers in many areas that offer X and other plan pricing and no shady pre-purchase or non-refundable deposit requirements. I bought my RR GT premium from a dealer here in South Georgia that I've done business with for years. They not only did X plan but gave me the EAA $750 and another $500 rebate. If anyone is interested in my delaer send me a PM through this forum. Hopefully other '15 buyers who have had a good and honest buying experience will recommend their dealer. Good luck.

I agree! I bought mine from Tamiami Ford in Naples, Florida, and they were and are awesome. Vinnie DeLong, a Mustang owner, was my salesman, and he was great, too. A great buying experience, accepted X-plan, got other incentives when it finally arrived. Recommend them very much.

 

[Butter77]

The first dealer I visited (small dealer I've been doing business with for 3+ years and 7 cars total) wanted 1000 dollar non refundable deposit to order. Left there and went to a larger dealer in the area which said ZERO deposit at order and bent over backward multiple times to make sure I was happy. 2 hours at delivery and I was out of there with the payment I wanted and even a pony keychain and sunglasses case! The finance manager at the larger dealership was going to call the GM at the smaller and let them know they lost a A/Z plan customer.......

Moral of the story, find a dealer that isn't scum and puts the customer first. Trust me, they are out there....few and far between, but they are out there!

 

[thehunterooo]

I did have them run my credit score to get an idea without submitting for approval. They came back with 9.9%, I told them take me seriously when I have been up front with them and this isn't the first time I am buying a car. The second time was 6% from capitalone. Which was better but I know it is still too high for a new car. But I have a better idea on their tactics.

That is more of a credit related issue, if your score is in the 600's then the banks will hit you with a 5-10+% interest rate, not much the dealer can help with on that unfortunately.

 

[Must_have_stang]

No, I can get ford's best apr, it is matter of when to do it for the best terms and the years finance. 9% was them probably testing the water if I was willings to just order as they just bluntly put it. The 6%, I feel was them just using their capital one approve credit lines to say yes, we can do it. They didn't submit anything for approval and they can't because the rates can't be locked in until delivery.
My last few cars was from nissan and I am qualified for their lowest apr with no problem.

For my area, when I was looking back in Nov, ford didn't have special apr. December is at 2.9% for 60 months and 4.9% for 72. The dealers around my area are not selling the mustangs at invoice but above since it is a new model. My goal, is at the time of auto show, the apr will be 0% for 60 and 1.9-2.9% for 72 months which I can take advantage of. However, like I mention, the dealer might aim to recoup some profit from apr and didn't want to get the lowest if I am wiling to settle for x% right now with out contesting it. I am simply wanting to have it in writing my deposit is refundable if financing will be skewed.

 

[phil1336]

72 Month Car Loan? Your purchasing a Vehicle or taking a Mortgage out on a House?

 

[Ruby305GT]

72 Month Car Loan? Your purchasing a Vehicle or taking a Mortgage out on a House?

You finance a house for 6 years? I have a choice between 72 months 2.74 or 2.59 for 60 months. Difference in payment is 100 or so a month. Through the life of the loan maybe another 500 bucks or so interest.... Are you suggesting people finance their house for 15 years rather than 30 just because?


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[phil1336]

Financing a Vehicle for 5 or 6 years leaves one "upside down" for most of the duration of the loan. Better to put down a larger amount and pay it off in 36 months if at all possible. Lower APR and no "negative" equity!

 

[Ruby305GT]

Financing a Vehicle for 5 or 6 years leaves one "upside down" for most of the duration of the loan. Better to put down a larger amount and pay it off in 36 months if at all possible. Lower APR and no "negative" equity!

So you are saying the mustang will depreciate more than 6k the first year and more than 6k the second year? Really? So in 2 years my mustang will be worth less than 25k? Listen to what you are saying.

So you'd rather be out of pocket up front cash, than pay low interest loan? If you are worried about being "upside down" would be due to high interest rates, for that then I would rather lease.

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