1K over sticker, potentially backing out...

[whysoblu]

I thought it was weird. I agreed to 4K over ADM, down from 10K they wanted. I gave a $2500 deposit. They put the order in for my specs with my name. But I signed nothing except that credit card receipt. Dealer told me it was refundable if I have a good excuse. They said someone would buy it.

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[VoodooV8]

Well I ordered two cars. One to have and one to track. But tempted to just transfer it if I can to someone else and make my deposit back

 

[VoodooV8]

There is not any risk.... People are paying 10k ADM... The worst that would happen is he sells it for what he paid for it...

And also I am not sure what the OP was saying about something being illegal, but you put the deposit down, its your car once you take delivery. You can do whatever you want with it, whether it means keeping it, selling it for what you paid for it, or flipping it for profit.

Wait, you could profit off this deal? (Not interested in that btw) I have too many things to deal with to pocket a few thousand. :cheers:

 

[Myshelby3425]

Yeah it's not a CA deal but get this.. someone just PM'ed me offering a bonus $1,000 for me if I transfer the car. I don't think that's even legal. Is this car really that difficult to get?

You can do as you please. Take the $1k offer he gave you for pretty much doing nothing. Some people don't like to be 2nd/3rd owner which really has nothing to do with pricing or condition of a car which is something I never really understood.


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[VoodooV8]

You can do as you please. Take the $1k offer he gave you for pretty much doing nothing. Some people don't like to be 2nd/3rd owner which really has nothing to do with pricing or condition of a car which is something I never really understood.


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Oh no of course, but the thing I am worried about is if I tell my dealership that I want someone else to have it.. couldn't they just cancel and screw me out of 1000 as well as the guy wanting to take it off my hands?

 

[garagelogic]

They kept mentioning it was "non-refundable".

No such thing. Fight them if they try to pull that kind of crap.

 

[whysoblu]

Dispute cc charge


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[smbstyle]

Oh no of course, but the thing I am worried about is if I tell my dealership that I want someone else to have it.. couldn't they just cancel and screw me out of 1000 as well as the guy wanting to take it off my hands?

I would just tell them that you are contemplating giving your order to a friend who is looking for one, and seeing what they say.

 

[Spa2k]

Oh no of course, but the thing I am worried about is if I tell my dealership that I want someone else to have it.. couldn't they just cancel and screw me out of 1000 as well as the guy wanting to take it off my hands?

It's not the dealer canceling the deal, it's you. You have no ownership or rights if you just back out of the deal without cause. It's the dealer's car, and if I were him I throw you out the door and sell it to a local buyer I could build a longterm relationship with.

If you take delivery, that's different; you can do whatever you want with the car, as can the guys who bought one to keep and one to sell. In fact, I believe now is the best opportunity to sell a GT 350 and make significant money on it - while the market is smoking hot. The next opportunity to make money on these cars will be 5 years from now, if the extreme CAFE regulations go into effect - and then again about 20 years from now at the collector car auctions.

 

[Myshelby3425]

Oh no of course, but the thing I am worried about is if I tell my dealership that I want someone else to have it.. couldn't they just cancel and screw me out of 1000 as well as the guy wanting to take it off my hands?

You can just tell the dealership something came up and you can no longer take delivery but you have a buddy that will be taking it over. If it doesn't go well, ask what your options are.


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[VoodooV8]

It's not the dealer canceling the deal, it's you. You have no ownership or rights if you just back out of the deal without cause. It's the dealer's car, and if I were him I throw you out the door and sell it to a local buyer I could build a longterm relationship with.

If you take delivery, that's different; you can do whatever you want with the car, as can the guys who bought one to keep and one to sell. In fact, I believe now is the best opportunity to sell a GT 350 and make significant money on it - while the market is smoking hot. The next opportunity to make money on these cars will be 5 years from now, if the extreme CAFE regulations go into effect - and then again about 20 years from now at the collector car auctions.

So you're saying it's best to just buy the car, not register it and just sell as is when I get it with little to zero miles?

 

[krt22]

So you're saying it's best to just buy the car, not register it and just sell as is when I get it with little to zero miles?

Then you would be on the hook for sales tax in most cases. And if possible, many buyers would prefer to order it to their spec

I really don't think you will have a problem transferring the deal and/or getting your deposit back, your best best is talk to the dealership and go from there.

Worst case they say they are going to find another buyer, but in that case in no way should they be entitled to your deposit.

 

[smbstyle]

So you're saying it's best to just buy the car, not register it and just sell as is when I get it with little to zero miles?

What's the sales tax for cars in Oregon? That would be a determining factor. Here in GA I'd pay about 3,300 in taxes (plus dealer fees, title/registration, etc.) and then on top of a $1k markup, I'd be right at $5k over MSRP.... and I don't see that happening private party for a non-R.

 

[whysoblu]

5k adm is a good deal down here in TX. That was the cheapest I found with dealers down here.


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[Spa2k]

So you're saying it's best to just buy the car, not register it and just sell as is when I get it with little to zero miles?

IMHO that would be the ethical and honest thing to do if you're not willing to just walk away from the deal. (There's a reason some smart salesperson came up with the line, "Buyers are liars.")

If the car's in your name, you can sell it - perhaps at a profit. But if you're going to resell it, I'd drive it home, put it in the garage and not drive it again. Miles matter, and the more miles a "new" car has on it, the more suspicious potential buyers will be about your intent in selling the car. I wouldn't have a problem telling someone you bought it to resell it; I'm guessing that within a couple of weeks there will be several cars on eBay in that situation.

I don't know what Oregon's tax and title laws are, but around here you can't take delivery of a car without paying the taxes up front and the dealer sending in the paperwork to get it off the MSO and titled in your name; that takes 14-30 days. If you finance any part of it, you'll first have to pay off the loan to get the title. And then you have to go to the treasurer's office to get the lien cancelled so you'll have a clear title. I wouldn't try to sell the car unless I had the title in hand and the car was ready to go; this very well could be an "impulse buy" for someone and any delay could scare him off. And then you need to worry about the check being good...

Here, after paying all the taxes and fees, I'd have to sell the car for $5,000 over what I paid to break even. It's tough to say it's worth the effort unless the market goes entirely nuts and these cars start selling for $20K over sticker. Then I might have to consider selling it and keeping the ASM (Added Spa2k Markup).

If the real issue is something like being able to afford it or a family problem, I'd just tell the dealer what's up and move on; hopefully he'll give your deposit back without any problem, because he really hasn't incurred any costs he can't recover from the next guy in line. Besides, why try to put yourself in the middle of someone else's deal?

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