Who’s your client? A two year old? Dreamers? Two adults are making an adult business agreement. Skin in the game is $500 by FMC statement. Period. Why are you definding a car salesman's greed?
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Anyone's dealer requiring large ($1k) deposit?
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I don’t think we’ve heard confirmation that Ford said specifically to ask for $500. I think $500 non-refundable will probably be enough to keep people from just ordering a Bronco, but I also wouldn’t be surprised to see dealers asking for more.
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Agree. I think 500 dollars non refundable is just enough barrier to entry for those on the fence. If you're planning to shell out for the Bronco in 2021, 500 dollars is nothing to you to lock in your order
My dealership said only under extenuating circumstances can I get my 500 dollars refunded. I assume that meant death in family, loss of employment, get covid sick and have 60k in hospital bills, etc
Not sure where you are going with this...or what client you are referring to.
I wrote the post you are responding to in early Aug when only the $100 deposit was required. I was arguing for increasing the deposit required to ensure more Broncos got to the people who were actually going to accept delivery. Which is exactly what is happening.
My point back then was that with just a $100 deposit, I could see a lot more tire kickers complete the order process and disappear come delivery time. A $500-$1K deposit weeds out those people.
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I'm more concerned with vehicle and option prices than the DP. Especially if refundable does not matter
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I was also asked for a $2k deposit today. They said "Ford is requesting". I haven't seen anything drop from FMC. Thought maybe I missed something.
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Last I've heard from my dealer they are requesting another $900 upon them submitting the build, making it $1000 total and would be refundable.
Seems reasonable enough for me on a vehicle around $50k (my build is sitting at $56,505 I believe)
Seems reasonable enough for me on a vehicle around $50k (my build is sitting at $56,505 I believe)
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Run. You are being lied to before you even get to order. Not the sort of business I'd want to deal with. Their dishonesty will permeate every contact...
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I would expect a 400/900 deposit upon ordering. Fair enough. Hopefully they'll let me put in on my card so I'll get $15 cash back, that's lunch...
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Posted in another, similar thread but my dealer has asked for 10% of MSRP. I’m in Alberta so wasn’t allowed to swap dealers. I was planning on at least that for a down payment so oh well, I guess...
I spoke with Ford directly and they stated it will be a $500 deposit. That was the discussion they had with the dealers for the role out. The dealers are getting greedy. Period. Ford is using the "reservation transfer" to keep the dealers honest.
It's common on vehicles that are high demand. They only require it to make sure that you're serious about buying the vehicle and not just jerking them around.
It's called dealer greed. FMC told me on a call it will likely be a $500 deposit at order time. The "Reservation transfer" was set up to keep the dealers honest. I used the transfer already to a dealer taking invoice and not asking beyond the $500. You need to exercise your options too.
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