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In Reply to: Deposit posted by DepositClerk on July 08, 2000 at 21:44:09:
What is a deposit? Simply put, it is an amount of money that will ultimately be used toward the purchase price of the car.
What does the dealer gain from the "amount" of the deposit? Nothing, since all the deposit amount goes toward the purchase price of the car.
The deposit is only a goodwill showing on the buyer's part of being serious about buying a car.
The only thing the dealer may gain from a larger deposit versus a smaller deposit would be if the dealer cashed your deposit check and earned interest on the deposit money between the time of your deposit and the time when the car came in and you finally purchase the car.
What did you expect the dealer's increased interest to be in a larger deposit from you?
Bob ///M3
: If i put a 5K deposit, will i be able to get an M3 earlier?
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