Hey guys, need a little bit of advice on how to approach this.
In early July I worked with a dealership on a new order. I was able to get a significant disocunt (in this climate) of - close to 6%. It’s been 7 weeks and the build has just now “gone into production”, but has not updated in over 10 days. It’s been in the “Production Begins” State for the last 10 days.
In the meantime, an offer on a '21 M5 came along, which I took as I was undecided between the M5 and M550i when I placed the order and given that I could have this one immediatelly, it made perfect sense to jump on it. We just completed the stage 3 documents and I’m supposed to pick it up next week.
My question is, how should I let the dealership know that I will not be taking delivery? We had agreed on a $1,000 deposit (nothing was signed), but they never charged my credit card.
How often does this happen? I don’t want to burn any bridges with the dealership, but I had already previously mentioned that I don’t have 3 months to wait for the car to be delivered and hinted at potentially buying a couple of other cars instead once I realized how backed up BMW was with their orders.
At the same time, if someone is looking for an almost fully loaded M550i (MSRP of $92,235) with a discount that’s not easily obtainable, please let me know and I’ll put you in contact with the dealership.
Given what I see on Swapalease and the “Transfer” forum area, this is a fairly decent deal if anyone is interested.
Great, so when I contact them after I take over the M5, I should approach it like “Hey, sorry it didn’t work out, but I needed a car right away. I can be on the lookout for another potential buyer of the car as a compromise” to which I’m sure they’ll say they can sell it themselves.
Depending on exactly what you ordered, it’s my understanding that many dealerships consider the deposit refundable. Now if you ordered an odd color combo or build, that might be another story. But in this market I’d expect you’d be ok.
Of course, I should have added ‘in most states’. But it’s commonly the default position. I don’t know of any states that make vehicle deposits refundable by default. But there may be some amongst the 50.
