[leasehackr]

Is deposit on the order new norm?

Did you pay a deposit while ordering? how much?

I never did deposit the last 6 years. In CA, I know dealers can't ask for a deposit.

[taybo20]

I actually put one down. It was $1000. It was mostly to get one sooner, as the dealer I went to didn't have any in the pipeline. They apparently "traded" with another dealer to get one and it is supposed to be ready in a couple weeks which would be 6 weeks from when I put the deposit down. This is also my first time buying a new BMW, so I'm sure I'm getting taken advantage of haha.

[Osheatwo]

They are pretty common depending on where you live. Dealers set the amount and will generally apply it towards your drive off price.

I would just make sure it's refundable if you choose to not purchase.

Dealer we order my wife car from in August required 1k but was refundable. Other dealer in ATL wanted 2K but said it was not refundable.

It also will sometime depend on the specs of the car you order. If you order what the dealer consider to be a "unicorn" they will also require a deposit and make it non-refundable due to them having hard time selling if you don't complete the purchase.

If you order a pretty standard spec car, they are more than willing to work with you since they can sell it if you choose to not purchase.

[TurtleBoy]

I had to do a $2,500 when they ordered mine. I think it depends on the area, dealer and prior relationship with the dealer.

[taybo20]

Originally Posted by Osheatwo

They are pretty common depending on where you live. Dealers set the amount and will generally apply it towards your drive off price.

I would just make sure it's refundable if you choose to not purchase.

Dealer we order my wife car from in August required 1k but was refundable. Other dealer in ATL wanted 2K but said it was not refundable.

It also will sometime depend on the specs of the car you order. If you order what the dealer consider to be a "unicorn" they will also require a deposit and make it non-refundable due to them having hard time selling if you don't complete the purchase.

If you order a pretty standard spec car, they are more than willing to work with you since they can sell it if you choose to not purchase.

I'm in ATL also. Was it Global Imports BMW? That's where I'm getting mine.

[Osheatwo]

Originally Posted by taybo20

I'm in ATL also. Was it Global Imports BMW? That's where I'm getting mine.

No I used United but deal with Global a lot since they service my cars. Prior to purchasing I did explore Global and they wanted 1K also from me but it was refundable


Nalley wanted 2K non-refundable if I remember.

[sand99]

Depends on your relationship with the dealer. On my first BMW, I had to put down a deposit. Haven't had to do it since then, and this is my 5th BMW from this dealer (2 M3s, 2 X5s, 1 X3)...

[leasehackr]

Originally Posted by Osheatwo

No I used United but deal with Global a lot since they service my cars. Prior to purchasing I did explore Global and they wanted 1K also from me but it was refundable


Nalley wanted 2K non-refundable if I remember.

I know United SM. Got a quote from Dennis at United for 11% off but their MF was markup. Also, it was far for me to ship to WA so I went with OR dealer just 2 hours drive.

Shipping quote I got was $2999 enclosed. but If you are local and need United SM contact I can send it to you.

[leasehackr]

Thanks, All

I ordered Two cars today. Both P1 December slot. I will talk to GM if he still need deposit

[Fennario]

A follow-up question is whether going through the credit check and putting a deposit down locks in the lease offered by the dealer (eg. monthly payment, money down, money factor, etc.); or if it is all TBD and subject to the finance office once the car is finally built and on the lot?

[TurtleBoy]

Originally Posted by Fennario

A follow-up question is whether going through the credit check and putting a deposit down locks in the lease offered by the dealer (eg. monthly payment, money down, money factor, etc.); or if it is all TBD and subject to the finance office once the car is finally built and on the lot?

Doing the credit application is what locks in the incentives for 90 days on the West Coast (as least in CA) and 60 days in other areas.

[wifesbimmer]

In Canada, you usually have to put down about 10% when you factory order. This is from my own personal experience, YMMV.

[kkratochvil]

Originally Posted by TurtleBoy

I had to do a $2,500 when they ordered mine. I think it depends on the area, dealer and prior relationship with the dealer.

Agree. Depends on the area/dealer. I've ordered 2 BMW's from my local dealer. Both very customized to what I wanted and both PCD. In both cases, I didn't provide a deposit.

[sand99]

Originally Posted by Fennario

A follow-up question is whether going through the credit check and putting a deposit down locks in the lease offered by the dealer (eg. monthly payment, money down, money factor, etc.); or if it is all TBD and subject to the finance office once the car is finally built and on the lot?

The incentives get locked in when you put in your order (as long as your order arrives in time). Again, for me didn't require a credit check or deposit. If the incentives improve by the time you take actually delivery, then you can switch to the better incentives.

[TomCat6065]

I put $3k down.

[45e X5]

In Ireland a deposit is required or they won't order the car without it. €1,000 is the norm here.

[Osheatwo]

Originally Posted by Infosec

I know United SM. Got a quote from Dennis at United for 11% off but their MF was markup. Also, it was far for me to ship to WA so I went with OR dealer just 2 hours drive.

Shipping quote I got was $2999 enclosed. but If you are local and need United SM contact I can send it to you.

Thanks I have good contact there also since I have purchased 5 vehicles from them. My SM is Conrad, also really good guy. They tried to markup MF but we settled at base.

[taybo20]

Originally Posted by Osheatwo

No I used United but deal with Global a lot since they service my cars. Prior to purchasing I did explore Global and they wanted 1K also from me but it was refundable


Nalley wanted 2K non-refundable if I remember.

Are you happy with their service?

[alewifebp]

The amount of deposit has been all over the place for me over the years. It has varied from $500-2000, always refundable.

I have not been loyal to any one center. While I've loved dealing with some of my sales reps over the years, they are bound by what the center ownership decides is doable. I got my two last cars at a center where the first deal was excellent, and the rep was able to get an excellent price, but second go around, it wasn't nearly as good. After ordering my newest car, the deal was abysmal at those two centers and I had to go elsewhere.

[videoman535i]

Put down $1k when I ordered mine in 2019 here in CA. When it came in some weeks later I went in to do the deal and they handed me my check back. It had never been deposited.

[hyde]

$1k this time due to "covid" it was $500 last time.

They asked me for $1500, eventually agreed to $1k.

[Osheatwo]

Originally Posted by taybo20

Are you happy with their service?

They are hit and miss. They have gotten a little better lately. In the beginning had a lot of problems with poor customer service but new leadership team is really trying to clean it up.

Honestly most in ATL are subpar with bad customer service. Global is just close to my house.