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Did You Pay $500 Deposit on Your Pre-Order?

Discussion in 'Gen 1 Prius Plug-in 2012-2015' started by bilofsky, Apr 23, 2012.

?
  1. Yes

    38 vote(s)
    61.3%
  2. No

    24 vote(s)
    38.7%
  1. bilofsky

    bilofsky Privolting Member

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    Another board member is having trouble with a dealer trying to overcharge or cancel his order. One of the pretexts for cancelling is that he didn't pay the $500 deposit.

    I think most dealers didn't bother with the deposit. Let's find out.
     
    1 person likes this.
  2. vine

    vine New Member

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    Thanks for doing this. I will not vote as I am the one that is having the issue with the dealer.
     
  3. stacey

    stacey ☆☆☆☆☆

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    I voted yes, but... my dealership took my credit card number in November when I preordered but didn't process the card and take my money until March (which I thought was nice - they didn't collect free interest on my $500). In the end though, I had the deposit refunded due to it being missed as a credit on sales contract at purchase time.
     
  4. CharlesH

    CharlesH CA HOV Decal #5 on former PiP

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    Not sure how I would answer the poll. My dealer took a $500 personal check, but promised to not deposit it, and they returned it to me uncashed when the sale closed.

    I believe nonrefundable deposits on cars are prohibited under California law, which makes deposits kind of pointless here.
     
  5. mitch672

    mitch672 Technology Geek

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    I did not leave them the $500 deposit, then again, this is the fourth Prius and fifth Toyota we bought from this dealer. They also took my personal check on Saturday as well (for the balance due on my PiP, after trading in the 2010), I guess they figure they can trust me after 11 years of dealings.

    Great dealer BTW, Toyota of Braintree
     
  6. elmofongo

    elmofongo Member

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    I was never asked for a deposit.
    The dealer only contacted me when the car was arrived on US soil.
     
  7. crewdog

    crewdog Acting Ensign Prius Prime

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    My dealer, PC Certified, collected a $500 deposit on the phone via credit card on pre-order day Nov. 17.

    They sent me this nice note a day later:

    [​IMG]
     
  8. rogerv

    rogerv Senior Member

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    Under the terms and conditions on the ordering website, step 3 explains that the purchaser is required to place a $500 refundable deposit, and under what conditions that refund will be made.
     
  9. Rebound

    Rebound Senior Member

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    My dealer did not request a deposit.
     
  10. bfd

    bfd Plug-In Perpetuator

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    My dealer returned my "deposit check" when I picked up my PiP last week. It hadn't even been folded!
     
    1 person likes this.
  11. Piprius

    Piprius Member of the cult of Prius

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    I supplied Pat Coleman (of Jim Coleman MD) with my CC# (I asked if he wanted it, he did not ask me) but they never charged it, so I put "no."
     
  12. CharlesH

    CharlesH CA HOV Decal #5 on former PiP

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    Yes, it feels kind of strange to hand a personal check for 40-some-odd thousand dollars to a dealer and drive away with a new car. But they HAD run a credit check, even though I was not financing with them. My dealer agreed that the deposit was pretty much meaningless in California, since you can cancel the order for any reason (or none at all) and get the deposit back.
     
  13. rcf@eventide.com

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    My dealer did take a deposit on my credit card, processed it, and originally neglected to subtract it from the final amount due. It took a gentle reminder to have them subtract it.

    Richard
     
  14. bilofsky

    bilofsky Privolting Member

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    In California they give you a title showing them as a lienholder, even if you paid in full. Once the check has cleared they reregister it. So they can repossess the car if the check bounces.

    At least that's what happened all the other times I bought a car. (Edit: the title, not the bounce.)

    Has anyone tried to pay by credit card to get the miles? I assume that because of the substantial extra cost to the dealer they don't let you do it.
     
  15. mitch672

    mitch672 Technology Geek

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    The check was for about $20,600 or so (balance was the 2010 trade in), no, in MA, the title takes weeks to get from the RMV, and they have their own RMV mini branch at the dealer, they actually did the plate transfer for me. I've just been a regular customer for 11 years, and the check was from Fidelity Investments, they didn't seem very concerned. When I bought my 2010 from them (2 1/2 years ago), I used "bill pay" to pay them with a Fidelity check last time as well.

    The owner came out and thanked me (probably not too many people have bought 4 Prius's from them)
     
  16. Ichiro

    Ichiro Member

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    Sf toyota took $99 deposit by credit card which was deducted from the purchase price.

    MB860 ?
     
  17. DianneWhitmire

    DianneWhitmire High PRIUStess

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    Holy Cr... that's a lot of DMV hassle to make a new title.
    We just wait an ample time for the check to clear, but lots of my buyers also knew that sending me proof that the check cleared also sped things up.

     
  18. bilofsky

    bilofsky Privolting Member

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    But can they write a check and then drive right off?

    If so, what does their registration and title say? Or don't they get the title until after the check clears?
     
  19. CharlesH

    CharlesH CA HOV Decal #5 on former PiP

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    When we bought a Honda Pilot a couple of years ago, the Honda dealearship also let us drive off after handing them a personal check, just like the Toyota dealership did for the PiP. Maybe the credit report satisfied them? There was nothing funny (like a temporary lien) on the registration, which the Toyota dealer directly handled. They didn't do the registration until after the check cleared, which was the next day.