Maverick order - can I cancel / not take delivery after it arrives?

[CaptTee]

I think if you announced on here when it is en route to your dealer that circumstances prevented you from buying it, people would line up to buy it in your place.

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[Dnedzel]

I am ordering an XLT Maverick but am afraid if something changes in my life financially I may need to cancel. Would the dealer hold me to it legally or just sell it on the lot?

My dealer required a $1000 deposit, but that is refundable if I decide not to take the truck. Other dealers require smaller deposits. If isn’t refundable you could lose the deposit, but I don’t believe they can require you buy the truck. Check your paperwork - did you sign a contract that requires you to buy the truck?

 

[joeboxer22]

My dealer required a $1000 deposit, but that is refundable if I decide not to take the truck. Other dealers require smaller deposits. If isn’t refundable you could lose the deposit, but I don’t believe they can require you buy the truck. Check your paperwork - did you sign a contract that requires you to buy the truck?

I just signed an order form. Im not stressing it, Ill most likely buy it when it comes I was just asking a hypothetical question. I dont think Im gonna be able to afford to upgrade homes in this market, I just know I cant do both.

 

[millertyme15]

My dealer told me that they would take it and sell it if I do not want it. Technically, the sale has not completed until they get the truck in. What if something is wrong with the truck upon delivery. So, my dealer really does not start the process of selling it until it arrives. I bet it is titled to the dealership upon delivery. We are locked in on the price, and I want to trade in my car, but cannot do all of that until the truck is there. Heck, something could happen to my car in the next 4-6 months. So, as others have said, the dealer will take it and sell them marked up.

 

[johnpoiema]

I was told I can take it overnight (Test drive) before needing to agree on the purchase.

 

[Old Ranchero]

Its moreso I may upgrade my house instead if I get a house for a decent price. So socking money away wont help, I just cant afford both.

Housing market is due for a big correction (along with rest of the economy likely) and material costs are sky high. If it will be your "forever House" you'll have many years to make changes and upgrades and can benefit by waiting for things to settle down. The cost of new vehicles NEVER go backwards over time and you'll have the new ride while waiting for housing to sort itself out.

 

[joeboxer22]

Housing market is due for a big correction (along with rest of the economy likely) and material costs are sky high. If it will be your "forever House" you'll have many years to make changes and upgrades and can benefit by waiting for things to settle down. The cost of new vehicles NEVER go backwards over time and you'll have the new ride while waiting for housing to sort itself out.

Sort of my thinking exactly, I think the XLT i ordered next year will be $27500 out the door so a few grand more. The house is just a per chance thing, its a foreclosure I have my eyes on.

 

[Dogcmp6]

My dealer has been awesome, and your mileage may vary, however they placed the order, however they told me if I dont purchase the truck when it shows up due to financing not working out, or me not liking it, they will have no issues turning around and selling it pretty fast.

 

[Dnedzel]

I just signed an order form. Im not stressing it, Ill most likely buy it when it comes I was just asking a hypothetical question. I dont think Im gonna be able to afford to upgrade homes in this market, I just know I cant do both.

I hear you. I haven’t bought a new car in 20 years. Most New cars have gotten more expensive than I can afford.

 

[joeboxer22]

I hear you. I haven’t bought a new car in 20 years. Most New cars have gotten more expensive than I can afford.

Literally last new car I bought was 2001 , so same situation.

 

[amitabh15]

If I were you I would consider investing in an appreciating asset vs a depreciating asset. The maverick is very appealing, no doubt. If I was in your shoes, I'd invest in the house and buy a used vehicle (if your vehicle is indeed extremely old and unreliable).

 

[Rkbrumbelow]

If I were you I would consider investing in an appreciating asset vs a depreciating asset. The maverick is very appealing, no doubt. If I was in your shoes, I'd invest in the house and buy a used vehicle (if your vehicle is indeed extremely old and unreliable).

Wow sounds a lot like post4 in this thread

 

[Falcon first]

What if the economy went to shit, things happen and would it be fair or ethical to get hundreds or thousands of people saying I don’t want the vehicle? Just saying there are two sides to every coin, things are great in the car business from a demand standpoint but I always say what if what if China invaded Taiwan, the stock market would drop 50% and there’s no doubt there would be a severe recession that would make 2008 look like a holiday. Just had this conversation with my financial advisor today, hope for the best but plan for the worst. Oh and guess where most chips are made, Taiwan.

 

[Darnon]

So... 2020? And yet, here we are.

 

[vezpa]

I am ordering an XLT Maverick but am afraid if something changes in my life financially I may need to cancel. Would the dealer hold me to it legally or just sell it on the lot?

They would rather you cancel so they can keep it for the lot and extort the hell out of someone who buys it.

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