The plan is to have both parties sign a legally bound contract stating prices will not be changed.. also stating that we as the buyers will not back out come order time.Done. Is the plan to get a contract signed with the dealer? I have a decent deal with my local and I would hate for prices to change after the October deadline and be locked in to a dealer that modify's the price or now has dealer add ons. Thanks!!
So, hypothetically, what happens is you lose your job, or an act of God makes purchase unobtainable at that point?The plan is to have both parties sign a legally bound contract stating prices will not be changed.. also stating that we as the buyers will not back out come order time.
Our hope is that we bring x amount of committed buyers to the table for the negotiation, but may have x + y come order time. Y meaning extra people that want in on the deal after the agreement was made, which means even more profit for the dealer. We plan to have a deal in place well before the reservation dead line giving you guys the option to agree to the deal we have in place, or change your reservation elsewhere.So, hypothetically, what happens is you lose your job, or an act of God makes purchase unobtainable at that point?
Yeah I would assume there would have to be some allowances for some people to back out and it not kill the deal for everybody else. When dealing with a bunch of strangers from the internet you can’t assume everyone is going to see this all the way through, it’s just out of your control.Has this actually been accomplished before? I'm well aware of group-purchasing agreements but I would think there would need to be a minimum amount of purchasers that sign a contract, agreeing to go through the specific dealership or however it's arranged. Example being if 100 people sign-up to be a part of this but only 25 end up pulling the trigger, I assume the dealer would have a reservation-of-rights (ROR) that would allow them to back out or re-adjust pricing? In that example those 25 people that agreed to purchase might be left in the wind if the price shoots up.
Sorry, my contractual/sales mind starts cranking when I think about these things. It sounds like a great concept if it's able to be pulled off, though! If I wasn't moving from TX to OR in January I would consider it.
Thanks for y'all's work on this. Truly appreciated!Our hope is that we bring x amount of committed buyers to the table for the negotiation, but may have x + y come order time. Y meaning extra people that want in on the deal after the agreement was made, which means even more profit for the dealer. We plan to have a deal in place well before the reservation dead line giving you guys the option to agree to the deal we have in place, or change your reservation elsewhere.
With that said, we may have to work into the contract a $100 non refundable deposit from the buyers to give the dealer incentive if some people back out. These are just things that have been discussed and are not set in stone. We are still working to iron out the details and will share with everyone what we come up with. I hope that answers your questions, and if you have any further questions, feel free to pm me or @musicguyusa
The group buy was intended for Texans originally to get a deal that is near or equivalent to what Granger is offering, but anyone is more than willing to join in!So if I change my reservation to the dealer in Texas does that mean I’ll have to drive to Texas in December to put together the order and when it’s ready pick it up I’ll have to pick it up in Texas? Also I’m a little lost I’m trying to figure out why we’re moving our reservation their. Is it to get a better deal and save money when we buy our Bronco? I’m sorry iv just been getting confused when reading this thread. I would like some help understanding it if someone could help me out please.
As for your first question, We will have to see what dealer we end up making a deal with as to whether you can place an order over the phone/online. As far as picking the vehicle up, I would imagine you would have to arrange that yourself, whether it be pick up or have it shipped to you after the dealer takes delivery.So if I change my reservation to the dealer in Texas does that mean I’ll have to drive to Texas in December to put together the order and when it’s ready pick it up I’ll have to pick it up in Texas? Also I’m a little lost I’m trying to figure out why we’re moving our reservation their. Is it to get a better deal and save money when we buy our Bronco? I’m sorry iv just been getting confused when reading this thread. I would like some help understanding it if someone could help me out please.