Quote:
Originally Posted by vintagetoppsguy
That isn't correct. Until the deal is funded, every dealership I know (and I know many, I used to own a company called Dealer Advertising Solutions, LLC) will take the money from the first customer that comes up with it, agreement or not.
If you want to see this for yourself, walk into a dealerhsip, yank the salesman's chain for a while and then tell him you'll be back tomorrow to buy a certain car. When you get home, look on the dealership's website and see if that card is still listed or if they removed it in order to hold it for you. I guarantee that it will still be listed. Dealerships DO NOT remove their cars from website inventory until the deal is funded.
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Maybe my analogy was bad. I'll accept that. I just always assumed that when I left my $500 check to 'hold' the car til the next morning, that that was an agreement that it wasn't going to be sold to anyone else until I came back on the agreed time. Maybe I shouldn't make uncommunicated inferences either...
I've said all I can say for this thread. In the end, I don't like the sales tactic that an agreement can be breached if money is not exchanged ASAP.
Buyer does have an opportunity to renege on his offer, and that would suck for the seller (what Bob was afraid of). But in the same case, the seller can renege the card and leave the buyer without a card (poor Craig). But as the seller, I feel as if they/we/it/whomever assumes those risks, not the buyer.