Are ALL Dealers Asking for the Added $500 Deposit ? ? ? ?

[Judge Rufus]

A down payment legally protects both you and the dealer. When you place your order you are entering into a contract with your dealer. You are agreeing to purchase a vehicle as you have ordered it. And the dealer is agreeing to have its manufacturer (Ford) build and deliver that vehicle under your specifications to them.

The down payment is the consideration that is being exchanged between you two that makes that contract valid and enforceable. If you give no consideration then you may not be able to enforce your contract for your dealer complete the order of your vehicle. You can make certain conditions that could occur whereby that deposit is refundable. But I'd recommend having some sort of deposit in your order contract.

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[2fast4u]

Hopefully we will get a Clear look at what each dealership is looking for going forward.

 

[Fordmanbob]

Mine did

 

[BTomorama]

I know we all put down a $100 deposit to start with. Are all dealership now going to make you add $500 more to your deposit?

Are there any dealers just staying with the $100 total that you put down in the first place?

My dealer is not asking for any additional deposits. Why would they? You don't get the car, they get to sell it for more.

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