Not sure they told me the owner wanted 5k down before they would order the car. I know of one guy that was able to order one for 1k down. I think it really depends on the dealership but agree with you the 20k down seems very steep to me.
20k down sounds more in line with bay area prices. I got my mustang back in 2013 from Frontier Ford. During that same time they had a GT500 for $87k, yup a fully optioned GT500 ($65k) was in the showroom selling for $87k. I think it sat for a year.
After a dealership asking for a $20,000 deposit and does not end up depositing the check would be some sort of a revelation especially when a $15,000 ADM is involved.
I almost bought a 2012 Kona Blue GT500 from Frontier Ford and they were discounting the heck out of it at the time. I ended up ordering a 13 from a local dealer.
The check was definitely cashed lol. I’m in Louisiana and it is $15k ADM on all 350s and 500s across the board. Two separate Ford dealerships in town and both have same markups.After a dealership asking for a $20,000 deposit and does not end up depositing the check would be some sort of a revelation especially when a $15,000 ADM is involved.
If I was a betting man this dealership will be depositing the $20,000 check in question.
That is what I thought based on a $20,000 deposit.
We are still talking about that part because the sales tax here is 10%. With a MSRP $110k and ADM $15k and tax/title/fees it’s an expensive car for sure.That is what I thought based on a $20,000 deposit.
Do you have to pay sales tax on the $15,000 ADM or will your dealership do a cash deal for the ADM at the time of delivery?
Dang I would pull out and look else where. Unless off course, you dont mind paying that much and dont wanna deal with the hassle of calling hundreds of dealers.
No I am good with the cost. I originally saved the money up to buy a ZR1 but when I seen the GT500 I knew right away that was the car I wanted. It is more visually appealing to me than the ZR1 and the performance is good as well. I don’t really care about the zero-60 like most, if I want to go fast zero-60, I’ll drive my wife’s Tesla lol.
I like the ZR1 too, but as ive said many times: I'm going to laugh my ass of if this car is quicker in the 1/4 mile than a ZR1!
Yes, a very expensive purchase for sure especially if all options are selected included the CFTP and OTT Painted Stripes option but unless I have miscalculated the most expensive GT500 that I come up with would be $107,080 and not $110,000 as you have indicated.
check your state laws. Some require the dealership to PAY you the prevailing interest rate (which admittedly has been bupkis for a decade now) should it be returned.
