Deposit refundable ??

robwils · 03-24-2016, 07:36 AM

After putting £500 deposit down on a 335D I may be getting second thoughts, I'm assuming this is refundable ?

(Pre reg stock car)

Nothing signed yet as only dealt over phone.

Anyone any experience ?

Rob

Watsey · 03-24-2016, 07:39 AM

Depends on whether you'd agreed anything verbally on in writing. When I was looking at AUCs I placed a deposit on one but only after I had an email from the dealer confirming that it was refundable. I opted for a different car as the deposit was returned promptly.

robwils · 03-24-2016, 07:44 AM

Quote:

Originally Posted by Watsey

Depends on whether you'd agreed anything verbally on in writing. When I was looking at AUCs I placed a deposit on one but only after I had an email from the dealer confirming that it was refundable. I opted for a different car as the deposit was returned promptly.

Nothing agreed verbally or otherwise.

Minty · 03-24-2016, 07:47 AM

Distance selling regulations means you get 14 days to change your mind and deposit would be refunded.

Chompers · 03-24-2016, 08:05 AM

As no official dealer order has been signed, you will be entitled to your deposit back without question. Some dealers will play hard and try and retain a deposit, this is very short sighted and will always end in the customer winning their deposit back.

asif03 · 03-24-2016, 08:52 AM

Shouldn't be an issue at all. We placed an order and left £1000 deposit. Paperwork signed for and everything. I think it was a week later and the mrs had 2nd thoughts so we cancelled just to be on the safe side. Although they did give the usual "ooh it's going to be hard, I'm going to have to speak to the manager" speech the deposit was refunded in full. Shouldn't be anything to worry about with yours.

simon. · 03-24-2016, 08:54 AM

Shouldn't have any issue with getting your money back as said & they can only charge to cover costs even if you signed & ordered in the dealership. Can't see them having any cost against a pre-reg car & 1 phone call.

Hoppy_70 · 03-24-2016, 12:14 PM

I'm in the exact same position and had no issue getting a refund.

NISFAN · 03-25-2016, 01:28 PM

As long as you didn't sign in the dealership, you are covered by distance selling regulations, as has been mentioned.

pmheadwired · 03-25-2016, 01:36 PM

Why you guys cancelling
You fancy something different or seen better deals ?

Or getting M3s

ajfoggy · 03-25-2016, 02:30 PM

Quote:

Originally Posted by pmheadwired

Why you guys cancelling
You fancy something different or seen better deals ?

Or getting M3s

That is what I was thinking

robwils · 03-26-2016, 03:52 AM

Quote:

Originally Posted by pmheadwired

Why you guys cancelling
You fancy something different or seen better deals ?

Or getting M3s

Bit of a mix for me, realised deal wasn't as good as first thought.
Seen the M3 deal so considering one of those, however totally agree with some of the sentiments appearing on that thread too.

Pulled out of deal to give me a bit more time to consider, really want to make a decision I'll be happy with.
Cancelling has also told me something about some underlying thoughts I was having.

Other option is to keep my 330, keep paying the £40 pm for warranty as insurance, car has only done 27k miles and fully paid for - then go and buy a boxster or something

pmheadwired · 03-26-2016, 04:25 AM

Quote:

Originally Posted by robwils

Bit of a mix for me, realised deal wasn't as good as first thought.
Seen the M3 deal so considering one of those, however totally agree with some of the sentiments appearing on that thread too.

Pulled out of deal to give me a bit more time to consider, really want to make a decision I'll be happy with.
Cancelling has also told me something about some underlying thoughts I was having.

Other option is to keep my 330, keep paying the £40 pm for warranty as insurance, car has only done 27k miles and fully paid for - then go and buy a boxster or something

Cool.
For me the M3 deals on that other thread (as good a discount as it is) are still very expensive. I had a 2k deposit if I put that in based on the deal its still £675 a month all be it for an absolutely BELTING car though! but I was pushing it going over the 400 a month mark again.

The guys who are buying them are obviously very well off

and a few of them are serial car changers. I thought I was bad.

03-24-2016, 07:36 AM	#1
robwils Colonel 759 Rep 2,192 Posts Drives: F80 M3 CP Join Date: Mar 2013 Location: Stockton-on-Tees iTrader: (0)	Deposit refundable ?? After putting £500 deposit down on a 335D I may be getting second thoughts, I'm assuming this is refundable ? (Pre reg stock car) Nothing signed yet as only dealt over phone. Anyone any experience ? Rob __________________ M3 CP in THE fastest colour (says so in the title )
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03-24-2016, 07:39 AM	#2
Watsey Major General 6419 Rep 8,500 Posts Drives: F31 330D sDrive M Sport Join Date: Jun 2015 Location: On sabbatical. iTrader: (1)	Depends on whether you'd agreed anything verbally on in writing. When I was looking at AUCs I placed a deposit on one but only after I had an email from the dealer confirming that it was refundable. I opted for a different car as the deposit was returned promptly. __________________ Current : F31 330sD, remapped, Ohlins Road & Track, Millway camber plates, Quaife LSD, Stoptech brakes + Pagid RSL1 pads all round, Weichers front strut brace, Eibach front & rear anti-roll bars, Michelin MP4S.
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03-24-2016, 07:47 AM	#4
Minty First Lieutenant 156 Rep 365 Posts Drives: G01 M40i Join Date: Jun 2013 Location: Buckinghamshire iTrader: (0)	Distance selling regulations means you get 14 days to change your mind and deposit would be refunded.
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03-24-2016, 08:05 AM	#5
Chompers Colonel 1155 Rep 2,727 Posts Drives: F31 320d MSport (M) BS /CR Join Date: Mar 2015 Location: Co. Down iTrader: (0)	As no official dealer order has been signed, you will be entitled to your deposit back without question. Some dealers will play hard and try and retain a deposit, this is very short sighted and will always end in the customer winning their deposit back. __________________ Curent: F31 335d xDrive MSport Individual TB / OW Merino Gone: F31 320d MSport BS /CR, E61 520d MSport Bus Ed, E53 X5 V8 Sport
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03-24-2016, 08:52 AM	#6
asif03 First Lieutenant 111 Rep 388 Posts Drives: 2016 430d Coupe Join Date: Sep 2015 Location: West Midlands iTrader: (0)	Shouldn't be an issue at all. We placed an order and left £1000 deposit. Paperwork signed for and everything. I think it was a week later and the mrs had 2nd thoughts so we cancelled just to be on the safe side. Although they did give the usual "ooh it's going to be hard, I'm going to have to speak to the manager" speech the deposit was refunded in full. Shouldn't be anything to worry about with yours.
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03-24-2016, 08:54 AM	#7
simon. Colonel 922 Rep 2,559 Posts Drives: F48 25D mSport Join Date: Dec 2014 Location: Milton Keynes iTrader: (0)	Shouldn't have any issue with getting your money back as said & they can only charge to cover costs even if you signed & ordered in the dealership. Can't see them having any cost against a pre-reg car & 1 phone call.
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03-24-2016, 12:14 PM	#8
Hoppy_70 Second Lieutenant 78 Rep 240 Posts Drives: 2016 335d m Sport Join Date: Oct 2013 Location: Manchester iTrader: (0)	I'm in the exact same position and had no issue getting a refund.
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03-25-2016, 01:28 PM	#9
NISFAN Major General 3489 Rep 9,709 Posts Drives: BMW M2 Join Date: Aug 2012 Location: Bedford UK iTrader: (0)	As long as you didn't sign in the dealership, you are covered by distance selling regulations, as has been mentioned.
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03-25-2016, 01:36 PM	#10
pmheadwired Major 356 Rep 1,349 Posts Drives: F30- 340i M Sport Plus SP Auto Join Date: Aug 2012 Location: Scotland iTrader: (0)	Why you guys cancelling You fancy something different or seen better deals ? Or getting M3s
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