$2500 NON-refundable Deposit?

[Racer20]

My local dealer has agreed to honor ED pricing on an M3 Sedan. As of right now, I'd be the first person to leave a deposit for one, which I was planning to do on Thursday, until I was told that they'd need a $2500 deposit that was NON refundable.

I haven't ordered a new car in a few years, but I've never had to leave more than $1000, and it has always been refundable. Is this normal?

This dealer is owned by a big corporation, but doesn't do many ED's or sell many M cars. They don't seem to know much about the M3 other than it was announced recently (They still don't seem to know the base price for some reason). My concern is that they re-nig on the ED pricing at some point down the line, then I'm screwed out of my deposit.

If this type of deposit is common, I'll pay it, but it seems a bit excessive.

[Black Gold]

No

There are tons of dealers selling at Msrp and requiring no or small deposit

[Suave]

Non-refundable is total BS. I would go find another Dealer.

[Sedan_Clan]

Like the others have mentioned, I wouldn't pay that.

[mister2d]

Wow. The levels of greed going around for this car.

[jmcphillips1]

Originally Posted by Racer20

My local dealer has agreed to honor ED pricing on an M3 Sedan. As of right now, I'd be the first person to leave a deposit for one, which I was planning to do on Thursday, until I was told that they'd need a $2500 deposit that was NON refundable.

I haven't ordered a new car in a few years, but I've never had to leave more than $1000, and it has always been refundable. Is this normal?

This dealer is owned by a big corporation, but doesn't do many ED's or sell many M cars. They don't seem to know much about the M3 other than it was announced recently (They still don't seem to know the base price for some reason). My concern is that they re-nig on the ED pricing at some point down the line, then I'm screwed out of my deposit.

If this type of deposit is common, I'll pay it, but it seems a bit excessive.

Hell no don't pay that

[Sedan_Clan]

Originally Posted by mister2d

Wow. The levels of greed going around for this car.

It happens every time a new ///M arrives. If it's not this, it's the outrageous mark-ups.

[fuddman]

Originally Posted by Racer20

My concern is that they re-nig on the ED pricing at some point down the line, then I'm screwed out of my deposit.

If I were in your shoes, I wouldn't worry at all about the dealer re-nigging. Just get something in writing.
If your convinced the car is what you want, at this point in the game, a guaranteed 7% ED discount is, in my book, a good thing.
Do you really want to go to Europe? If not, this dealer might let you have at ED discount and take delivery at his U.S. site. It really should not make any difference to him.

[Racer20]

Originally Posted by fuddman

If I were in your shoes, I wouldn't worry at all about the dealer re-nigging. Just get something in writing.
If your convinced the car is what you want, at this point in the game, a guaranteed 7% ED discount is, in my book, a good thing.
Do you really want to go to Europe? If not, this dealer might let you have at ED discount and take delivery at his U.S. site. It really should not make any difference to him.

I'm going in to talk to him tomorrow. If I can get ED pricing in writing and get an early build I might end up paying it.

The other dealer hasn't gotten back to me yet even after I told him I'm ready to put a deposit down now. WTF?

[Tonymiabmw]

I put 500 down

[Desmond Is My Constant]

Originally Posted by Racer20

My local dealer has agreed to honor ED pricing on an M3 Sedan. As of right now, I'd be the first person to leave a deposit for one, which I was planning to do on Thursday, until I was told that they'd need a $2500 deposit that was NON refundable.

I haven't ordered a new car in a few years, but I've never had to leave more than $1000, and it has always been refundable. Is this normal?

This dealer is owned by a big corporation, but doesn't do many ED's or sell many M cars. They don't seem to know much about the M3 other than it was announced recently (They still don't seem to know the base price for some reason). My concern is that they re-nig on the ED pricing at some point down the line, then I'm screwed out of my deposit.

If this type of deposit is common, I'll pay it, but it seems a bit excessive.

There is no non-refundable when it comes to ordering cars. I custom order all my cars and I always put down a deposit. Until I sign the papers, I can always walk away and I have walked away in the past once where I had to call up AMEX to get my deposit returned (took 5 minutes of my time). Don't believe everything they tell you.

[consolidated]

Non-refundable not even be legal, best to put it on a CC.

[Needsdecaf]

Guys, he is putting down a deposit to get ED pricing. Most dealers won't go below full MSRP.

That's not a bad deal.

[dmk08]

Originally Posted by Needsdecaf

Guys, he is putting down a deposit to get ED pricing. Most dealers won't go below full MSRP.

That's not a bad deal.

I would put down $2500 if I could get ED pricing lol.

[absoluteis350]

Originally Posted by dmk08

I would put down $2500 if I could get ED pricing lol.

Non refundable?? I don't think so.. Then the dealer will come up with some fine print bullcrap about their special "offer" and you would be up the creek. I wouldn't trust them.. again, this isn't exactly a limited production car... so who cares if you don't get the first month's allocation.

[jbockrd]

You have not received the product, NO WAY!!!!!!! That's a rip off

[chicagofan00]

One of the local dealerships here is also requesting a $3,000 non-refundable deposit, however it's only non-refundable after the M3 actually goes into production but is refundable any time up until then. Thoughts?

[Ali.K_BMW]

Deposits should be around $500-$1000 - IMO that's alot and especially non refundable. If I can be of any service whether ordering or guidance: PM Me.

[Racer20]

I put down the deposit. My receipt for the deposit states "1st M3 allocation, will honor ED pricing." We'll see how it goes.

[48Laws]

This car will be available over the course of 4-5 years before another change with thousands being built worldwide and these dealers act like its limited smdh.

[chicagofan00]

Originally Posted by Racer20

I put down the deposit. My receipt for the deposit states "1st M3 allocation, will honor ED pricing." We'll see how it goes.

Sounds like you got what you needed in writing. Seems like you should be fine. Still BS that these dealers are doing this though.

[drexplode]

BMW of AA?