E90Post
 


Lux Angel Eyes
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > Money Down when ordering a new car?



Reply
 
Thread Tools Search this Thread
      12-11-2007, 04:28 PM   #1
KanosWRX
Lieutenant
 
KanosWRX's Avatar
 
Drives: E92 AW 335i / 1994 Miata R
Join Date: Nov 2007
Location: Fairfax, VA

Posts: 412
iTrader: (0)

Send a message via AIM to KanosWRX
Money Down when ordering a new car?

How much do people usually put down when ordering a car? I thought I saw something around $500 on one of the posts here. I asked my dealer he said $2500? Seems rather high to me. $500 is more in line with what I would expect.

FYI, planning on an AW 335i, Black/Alum, 6MT. All options Except 19's, Active Steering, Active Cruise, Sirius and Sun Shade. (Shorter to write what options I am Not getting vs what I am).
__________________
"The most important mod is the one behind the steering wheel" - Koyokid RIP
KanosWRX is offline   United_States
0
Reply With Quote
      12-11-2007, 04:38 PM   #2
HappyG
Major
 
HappyG's Avatar
 
Drives: 06 BMW 330i / 6SP
Join Date: May 2006
Location: CA

Posts: 1,007
iTrader: (13)

Garage List
2006 330i  [0.00]
It varies by dealer/salesperson...

FWIW, I put down $0 when my CA ordered my car...it depends on your relationship with them and if they would be able to sell the car if you decided to back out of the deal, e.g. a crazy color combination.

Generally, it's in the $500-1000 range, which is fully refundable of course. Anything more, and I'd ask for a really good reason from them. Hope that helps.
__________________
Si vis Pacem, Para bellum.
Have a nice day!
HappyG is offline  
0
Reply With Quote
      12-11-2007, 04:52 PM   #3
KanosWRX
Lieutenant
 
KanosWRX's Avatar
 
Drives: E92 AW 335i / 1994 Miata R
Join Date: Nov 2007
Location: Fairfax, VA

Posts: 412
iTrader: (0)

Send a message via AIM to KanosWRX
Ok, so 2,500 is way out of the question. As I don't think AW with a Black interior is a odd choice. Thanks for the advice.
__________________
"The most important mod is the one behind the steering wheel" - Koyokid RIP
KanosWRX is offline   United_States
0
Reply With Quote
      12-11-2007, 04:57 PM   #4
cipher5
 
cipher5's Avatar
 
Drives: 2011 535xi Sedan
Join Date: Jul 2007
Location: Chicago, IL

Posts: 2,787
iTrader: (10)

I put $0 down. Euro delivery too.
cipher5 is offline   United_States
0
Reply With Quote
      12-11-2007, 06:27 PM   #5
BMW F22
Major General
 
BMW F22's Avatar
 
Drives: ///M235i
Join Date: Nov 2005
Location: Around the Bay

Posts: 8,238
iTrader: (8)

Quote:
Originally Posted by cipher5 View Post
I put $0 down. Euro delivery too.
+1

I dont know about VA but here in CA deposits are 100% refundable. So maybe you can tell your salesman that it doesnt matter what you put down/deposit, you can always withdraw it so ask him to play nice and just order the car (assuming deposits work the same way they do here).
BMW F22 is offline   United_States
0
Reply With Quote
      12-11-2007, 07:04 PM   #6
JacobT
Captain
 
JacobT's Avatar
 
Drives: 08 E90 335i JB
Join Date: Sep 2007
Location: Austin TX

Posts: 696
iTrader: (2)

Garage List
Most people put down $1k for deposit. You can always get it back if you change your mind.
__________________
08 E90 335i Jet Black/Black/Piano Black Step/PS ZSP ZPP PDC CA
KW V2/AG M550/ACS roof/Pedals/CF Roundels/M3 rep bumper/Lux 5.0/Yellow fogs/Alpina B3/JB4 G5/VRSF FMIC/ER CP/Tial BOV/Muffler Delete

JacobT is offline   United_States
0
Reply With Quote
      12-11-2007, 07:45 PM   #7
Joonsup
Lieutenant General
 
Joonsup's Avatar
 
Drives: E92 M3, E30 325i
Join Date: Sep 2007
Location: Bay Area

Posts: 17,311
iTrader: (8)

Garage List
2008 BMW M3  [4.75]
Send a message via AIM to Joonsup
i heard that deposits in CA are refundable but be careful b/c places such as stevens creek make you sign an agreement saying that if you don't take delivery of the car you have to pay the destination charge which is like $795. Or maybe it's only that place?
Joonsup is offline   South Korea
0
Reply With Quote
      12-11-2007, 08:20 PM   #8
jpsimon
Team Zissou
 
jpsimon's Avatar
 
Drives: 2015 STi
Join Date: Dec 2006
Location: CT

Posts: 8,999
iTrader: (4)

i put down $1000
__________________
2015 STi / 335xi (solid)
www.datazap.me - fast, free, interactive data log viewing

jpsimon is offline   United_States
0
Reply With Quote
      12-11-2007, 08:45 PM   #9
BMW F22
Major General
 
BMW F22's Avatar
 
Drives: ///M235i
Join Date: Nov 2005
Location: Around the Bay

Posts: 8,238
iTrader: (8)

Quote:
Originally Posted by joonsup View Post
i heard that deposits in CA are refundable but be careful b/c places such as stevens creek make you sign an agreement saying that if you don't take delivery of the car you have to pay the destination charge which is like $795. Or maybe it's only that place?
Stevens Creek have their own things because they're located on what could be the main street around here so they have to charge money through their creative ways to pay for the high cost of rent. And it's not just SC BMW, many dealers on SC blvd have mark ups and their own ways of doing things as well. For example, Honda of SC has $3k markups on all their new cars.
BMW F22 is offline   United_States
0
Reply With Quote
      12-12-2007, 11:27 AM   #10
AustinLonghorn
New Member
 
Drives: '92Daihatsu,'02EX500
Join Date: Feb 2007
Location: Austin, TX

Posts: 25
iTrader: (0)

Quote:
Originally Posted by cipher5 View Post
I put $0 down. Euro delivery too.
Same here - $0.
AustinLonghorn is offline   United_States
0
Reply With Quote
      12-15-2007, 06:47 PM   #11
Tobizach
Female Car Enthusiast
 
Tobizach's Avatar
 
Drives: By the seat of her pants.
Join Date: Sep 2006
Location: SouthWest

Posts: 353
iTrader: (0)

Is it true you dont get deposit back once the is car is being built? Thats the salesguy told me.

I too was under the impression that under state law its fully refundable.

Nevermind... forgot about those "You have to sign some sort of agreement" thing.

Last edited by Tobizach; 12-15-2007 at 08:07 PM.
Tobizach is offline   United_States
0
Reply With Quote
      12-28-2007, 09:05 PM   #12
werken
New Member
 
Drives: 328xic
Join Date: Dec 2007
Location: Baltimore

Posts: 6
iTrader: (0)

500, refundable.
werken is offline  
0
Reply With Quote
      12-28-2007, 09:15 PM   #13
MAZNG
I found Jesus...He was Hiding behiind my Sofa
 
MAZNG's Avatar
 
Drives: :o)
Join Date: Jun 2006
Location: 954 - SoFla

Posts: 954
iTrader: (14)

Quote:
Originally Posted by HappyG View Post
It varies by dealer/salesperson...

FWIW, I put down $0 when my CA ordered my car...it depends on your relationship with them and if they would be able to sell the car if you decided to back out of the deal, e.g. a crazy color combination.

Generally, it's in the $500-1000 range, which is fully refundable of course. Anything more, and I'd ask for a really good reason from them. Hope that helps.
+1
MAZNG is offline   United_States
0
Reply With Quote
      12-28-2007, 09:19 PM   #14
KanosWRX
Lieutenant
 
KanosWRX's Avatar
 
Drives: E92 AW 335i / 1994 Miata R
Join Date: Nov 2007
Location: Fairfax, VA

Posts: 412
iTrader: (0)

Send a message via AIM to KanosWRX
I ended up putting 930 down, my first payment, but I told them thats either going to be my first payment or they have to refund it to me. So they will just credit my credit card when I sign the final papers when the car comes in. So basically 0 down
__________________
"The most important mod is the one behind the steering wheel" - Koyokid RIP
KanosWRX is offline   United_States
0
Reply With Quote
      12-28-2007, 09:33 PM   #15
Cay955
Second Lieutenant
 
Cay955's Avatar
 
Drives: Q7
Join Date: Aug 2007
Location: Princeton, NJ

Posts: 273
iTrader: (4)

My dealer wanted $1000 but I told him that I'm only willing to put down $500 to secure my order, which the manager accepted.

Generally dealers often do not require deposits for repeat customers.
Cay955 is offline  
0
Reply With Quote
      12-28-2007, 10:28 PM   #16
TheJackal
First Lieutenant
 
TheJackal's Avatar
 
Drives: 2008 e90 335xi
Join Date: Dec 2007
Location: NJ

Posts: 375
iTrader: (2)

Quote:
Originally Posted by Tobizach View Post
Is it true you dont get deposit back once the is car is being built? Thats the salesguy told me.

I too was under the impression that under state law its fully refundable.

Nevermind... forgot about those "You have to sign some sort of agreement" thing.
I put down $1K on a car I ordered today. They told me fully refundable at any stage up to the moment I take delivery. If the car is already at the dealership and I back out, they will hold my deposit until they sell the car to someone else.
TheJackal is offline  
0
Reply With Quote
      12-30-2007, 10:29 PM   #17
Seth_Horwitz
Tired of feather footed //M drivers
 
Drives: 330ci, 911 Turbo X50
Join Date: Oct 2007
Location: New York City

Posts: 387
iTrader: (0)

Just use a credit card and it'll be refundable wherever you go. Credit cards, by both merchant and customer agreement, can only be used for a "completed transaction." If the dealer gives you any problems with a refund, call your credit card company and let them deal with it. If you have an AMEX, use that. They are by far the easiest company to get to go to bat for you. I don't condone this by a long shot, but I know a guy who has contested legitimate charges (which were documented and signed by him) that AMEX wiped off. If you have a remotely decent case, it will be off your bill before you finish asking for it. I worked in the dealership world washing cars when I was in High School, and have a friend who almost had to burn down a Cadillac shop to get his deposit back, so I would never put down a deposit with anything but a credit card. To the OP, $2,500 does sound steep even for a well optioned car. Unless you're getting it in a paint-to-match color that happens to be mint green, they can sell the car regardless of options. (An XI might be a tough sell in Miami or LA, but you probably wouldn't order one in that region anyway.)
Seth_Horwitz is offline  
0
Reply With Quote
      01-01-2008, 09:40 AM   #18
John 070
Lieutenant General
 
Drives: 335i cpe
Join Date: Oct 2006
Location: ZSP/ZPP/ZCW

Posts: 11,409
iTrader: (0)

Quote:
Originally Posted by KanosWRX View Post
How much do people usually put down when ordering a car? I thought I saw something around $500 on one of the posts here. I asked my dealer he said $2500? Seems rather high to me. $500 is more in line with what I would expect.

FYI, planning on an AW 335i, Black/Alum, 6MT. All options Except 19's, Active Steering, Active Cruise, Sirius and Sun Shade. (Shorter to write what options I am Not getting vs what I am).
You mean deposit for the order, or do you mean when financing? Deposit, $500 refundable at any time....when financing, whatever gets the payment to a reasonable monthly amount based on your net income. For me I decided I wanted a payment no more than $475, so it was in the neighborhood of 22k. I've seen the lease the car because, "I can invest the money and make more money" arguments, which encourage one to put little or nothing down. That argument basically fell apart for 2k7, when real estate went down, and the S&P 500 did 3.5% for the entire year.
John 070 is offline  
0
Reply With Quote
      01-01-2008, 09:41 AM   #19
John 070
Lieutenant General
 
Drives: 335i cpe
Join Date: Oct 2006
Location: ZSP/ZPP/ZCW

Posts: 11,409
iTrader: (0)

Quote:
Originally Posted by TheJackal View Post
I put down $1K on a car I ordered today. They told me fully refundable at any stage up to the moment I take delivery. If the car is already at the dealership and I back out, they will hold my deposit until they sell the car to someone else.
You back out, you should get your deposit back, end of story--dealerships have been known to drag their feet, but it should not be conditional upon sale of the vehicle. They too play the credit cycle game, unfortunately.
John 070 is offline  
0
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:47 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST