What the dealer has been up to since my accepted offer

[jdraupp]

Originally Posted by BIGJake111

They likely don't have much room honestly, and can expect similar to your offer from auction, the way I see what's wrong with a business trying to turn a completely fair profit, I agree with your price point, but if someone is willing to pay more any right minded dealer would be more interested in that buyer.

Jake you have a lot to learn. Your word is your bond, or at least that's what I grew up believing. He made a deal. They accepted his offer and the car is sold. Anything else is as shady and wrong as it gets. If they werent making a profit they wouldn't make the deal. They are engaging in incredibly poor business over a couple extra bucks. Greedy is putting it nicely. Yelp review this place and make sure others avoid. Hope you get your car.

[woodsman]

Originally Posted by jdraupp

Jake you have a lot to learn. Your word is your bond, or at least that's what I grew up believing. He made a deal. They accepted his offer and the car is sold.

Agreed except that people call businesses daily and make appointments or deals and are never heard from again. Hopefully they honour their commitment once a deposit is in their hands...

[jdraupp]

Originally Posted by woodsman

Agreed except that people call businesses daily and make appointments or deals and are never heard from again. Hopefully they honour their commitment once a deposit is in their hands...

Right, and if the dealer was serious about business they'd have required a deposit and paperwork would've drawn up. Not a place that I would give my business to. I'd be looking into what auction its going to and be prepared to really make them pay for their mistake.

[Timco]

Originally Posted by jdraupp

Right, and if the dealer was serious about business they'd have required a deposit and paperwork would've drawn up. Not a place that I would give my business to. I'd be looking into what auction its going to and be prepared to really make them pay for their mistake.

Ummm, no dealer can force anyone to sign anything. They can extend an agreement or verbal acceptance on a price or deal, but it's always up to the buyer to show up with cash. They have the pen and paper there when the buyer is done tire kicking, I can assure you. No dealer wants a car sitting on their lot 5 minutes longer than it needs to. Why would anyone assume different?

And OF COURSE the dealer will continue to drop the price until it sells. The fact they said they had no room to negotiate was likely week 1-3 or some guideline they have. Or, they lie. So what. You know they will make their money. If they have the car you have been wanting, why lose it over a grand or worse $500??

[jdraupp]

Originally Posted by Timco

Ummm, no dealer can force anyone to sign anything. They can extend an agreement or verbal acceptance on a price or deal, but it's always up to the buyer to show up with cash. They have the pen and paper there when the buyer is done tire kicking, I can assure you. No dealer wants a car sitting on their lot 5 minutes longer than it needs to. Why would anyone assume different?

And OF COURSE the dealer will continue to drop the price until it sells. The fact they said they had no room to negotiate was likely week 1-3 or some guideline they have. Or, they lie. So what. You know they will make their money. If they have the car you have been wanting, why lose it over a grand or worse $500??

Timco, unless I read his post wrong, they agreed to a price and he offered to put down a deposit but they said dont worry about it and are being elusive about officially closing the deal. OP has tried calling to put down the deposit and they tell him it's ok, yet they still have his car listed. My comment was that they agreed on a price and paperwork and deposit should've been done. The fact the dealer didn't says to me they are trying to work this like an auction.

[husker boxster]

My impression is the car is local. So why deal with them over the phone? I'd get down there toot sweet and see if they take my down payment in person. While they're being a bit sketchy, the bottom line is there is no financial obligation in place for them to sell you the car. Put the phone down and pick up your keys.

[Topless]

Originally Posted by husker boxster

My impression is the car is local. So why deal with them over the phone? I'd get down there toot sweet and see if they take my down payment in person. While they're being a bit sketchy, the bottom line is there is no financial obligation in place for them to sell you the car. Put the phone down and pick up your keys.

This ^^^

If you want the car, go down and sign the papers, give your deposit, and buy the car. Everything else is just madness.

[kjc2050]

Originally Posted by jdraupp

Timco, unless I read his post wrong, they agreed to a price and he offered to put down a deposit but they said dont worry about it and are being elusive about officially closing the deal. OP has tried calling to put down the deposit and they tell him it's ok, yet they still have his car listed. My comment was that they agreed on a price and paperwork and deposit should've been done. The fact the dealer didn't says to me they are trying to work this like an auction.

Here's what the OP wrote:

They counter at 14850 and I accept. A day goes by and they call strongly suggest as deposit as they have several interested parties. Ironically even with all the communication with dealer they never ask for a deposit, actively have the car listed (don't blame them) and they continue to lower the price, now at 15500.

It sounds as though they made the offer of 14850 over the phone, and he accepted. A day later he hadn't put a deposit on the car.

If you haven't put a deposit down, you haven't entered into a contract to buy the car. If you're not at contract, the dealer can continue to sell the car.

Or am I missing something?

[Giller]

Originally Posted by jdraupp

Jake you have a lot to learn. Your word is your bond, or at least that's what I grew up believing. He made a deal. They accepted his offer and the car is sold. Anything else is as shady and wrong as it gets. If they werent making a profit they wouldn't make the deal. They are engaging in incredibly poor business over a couple extra bucks. Greedy is putting it nicely. Yelp review this place and make sure others avoid. Hope you get your car.

People back out of deals all the time. Having worked at a dealership, never once did the dealership ever back out of a signed deal, but lots of customers have. That's why dealerships require a deposit and something signed. It protects both the buyer and the seller.