In November, 2022, I placed an order with an out of state dealer for a 2023 Challenger Hellcat, Redeye, Standard Body. I agreed to pay a modest ADM since the version of the car I wanted was tough to find allocation for. I gave the dealer a deposit for the car and waited.....
My order was processed in February 2023, and scheduled for production in March 2023 with an estimated ship date before the end of March 2023.
The salesperson got in touch with me today and said that dealership policy was that for the 2023 orders, the dealership wants to get paid once the ship date is available, regardless of whether you are paying cash, financing, or leasing. I confirmed this with the sales manager, who was polite, but firm on the policy. I'm paying cash, but essentially this means that someone financing or leasing could possibly make a payment or two before they even get their car.
Is this the new normal? I have bought a few new cars and done custom orders twice before in 2020 for a ZL1 Camaro and 2015 for Jeep Wrangler. Those custom orders never meant I was expected to pay in advance before the car was delivered.
If I pay, I wonder if I can get the car insured ahead of time in case something goes awry?
Some of what the salesperson said is I believe incorrect.
As I'm sure someone has already noted I seriously doubt a bank will finance a car that has only a ship date.
Even if I was paying cash no way I'd pay in full.
Now I just the other day agreed to buy a new car (a 2023 BMW M2 6-speed) that is still on the truck on its way from the port of entry to the dealer which is located around 200 miles from me and in a different state.
Prior to agreeing to buy the car I discussed numbers and trade in and such. Was emailed this info and printed out the attachments and confirmed all the new vehicle details were filled in: Model, VIN, year, color, trim, price; and all my trade in vehicle details were filled in. Checked the math.
Signed the document.
There was a 2nd document which was a partial payment
authorization form. I filed this out with my credit card info to submit a $2000 partial payment
Also requested was a copy of my driver's license and proof of insurance.
When the car arrives and after the official model launch date (April 12) when the factory removes the sales embargo on the new cars (April 15 I'm told) then I drive to the dealership and complete the purchase. I'm paying the balance due on the new car with a personal check so I'm a cash buyer.
(Oh, car is a showroom car only. The car will not be driven except that which is necessary during shipping. This is estimated to be under 1 mile.)
I scanned the documents and sent a PDF of the scanned documents.
Salesman said he received the document just fine and it was what was needed.
I note as of today the there has been no partial payment
charge appear on my credit card. I get an alert whenever a card not present
transaction occurs. Also, if the amount of the transaction is over $100.
We'll see how this goes...