Just received this text, is $1000 a normal deposit to reserve?

[999]

Yes!! Just go to Overstock.com and enter your Maverick order there.

I have seen better grammar from Nigerian Finance Ministers asking for my account information.

Keep your money in your account and order on-line.

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[SHiggs0429]

When I ordered last July I had an option to put $100 down or put $1,000 refundable - price guarantee option. I chose the $1,000 as I was told that showed a commitment to purchase that the $100 did not. I signed a document with that payment that was a price guarantee document and also that my deposit was refundable if I decided not to purchase the vehicle.

 

[Deerslayer1980]

Deposits are not required. They only make sense in a market flooded with vehicles when a dealer doesn't want to be stuck with dead inventory if the buyer backs out. In that case, they may require a "non-refundable" deposit. Heck, in today's market I'm surprised dealers aren't paying us for orders.

I agree with this 100%.

 

[NOLAguy]

My dealer wanted $1000 - we agreed on $500 since they couldn’t actually tell me when I might get my order- back in October estimates were 6-8 weeks

 

[bscarpenter]

No deposit required for Byers Ford in Delaware, Ohio. Process was fairly easy from ordering(June 2021) to delivery(Dec 2021). I also ordered my tonneau cover through them in order to use the points and they gave me the 20% online discount. Fantastic to work with all around, and I would highly recommend!

 

[RK Burr]

Because it makes no sense. This isn't a Ferrari and it isn't a vehicle that will sit on the lot for more than a few days.

My dealer needed $5000.00 down...which I did.

 

[David A]

Granger has typically required a $1K non-refundable deposit - that is what I had to do last year to get their 3% below invoice deal. I believe they do this to be able to evidence to Ford that their buyers are valid and accountable in the ordering process. Primarily I suspect so that if buyers do back out they can argue against it counting against their customer ordered vs retail inventory (If I recall correctly, Ford has an 80% delivery to the customer requirement for customer orders - falling below this can impact future allocations).

With that said, I would not do a large deposit without a signed agreement to final pricing - I wouldn't even do that if the agreement were just for MSRP, however that may be your only option.

At a minimum I would require a signed purchase agreement at MSRP, no dealer-installed junk add-ons, and no egregious document fees. Otherwise find a dealer with smaller or no deposit requirements - there are plenty of decent dealers (including ones with great prices that could be worth a flight and day/weekend trip) - while this could be one of them I would tread lightly!

 

[David A]

My dealer required no deposit and no charge to walk away from the deal. Upfront charges and totals. Signed and delivered the next day after ordering online from Ford.

Note: I have purchased 4 vehicles from them and have an established credit rating of 835+

 

[lajlmt]

Zero deposit when I ordered

Me too

 

[PRH]

In Canada, Southern Ontario specifically, I had to put $1000 down per my dealer but it was 100% refundable as "they would have NO ISSUE" selling it if I backed out (their words, it was/is still being built in Mexico). I was sure to get that in writing (refundable ). I had also a signed bill of sale. I had already settled on base price and they were willing to deal with extended warranties, coverages etc later. I modified the coverages twice (ended up going with just the standard warranty )

 

[Richfrommo]

I ordered my Maverick Eco-boost in December and wasn’t required to make any deposit at the dealer..

 

[24forsure]

My dealer asked for $500 refundable deposit. Felt that was reasonable. That was in January, still waiting.

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