Things to consider before putting down a deposit

[Anonymous]

Anonymous wrote:

Anonymous wrote:Outside of EV, the market seems softening. If you put cash down, get a locked in interest-rate and out-the-door price. Or just get in in writing that it is refundable. Now some EVs are super hot, but that is a different can of worms and price point.

Auto loans don't normally do locked-in interest rates so far in advance. Even for mortgages, they usually only lock it for a month or two.
But I agree on locking down the price.

Get agreement on price and don't pay over 5K MSRP on any vehicle. Recession can come and supply of cars may increase in the next year, with less qualified buyers. Your new car can quickly become worth 10K UNDER MSRP on the open market.

[Anonymous]

Like other posters, we got a Subaru. We had to order it and put down a $500 deposit. It was refundable, since they knew if we changed our mind they would probably sell it that same day. Also, we paid sticker price. Toyotas are great cars, but i'm not paying 6k over sticker.

[Anonymous]

Dealer lots will soon be full of cars again. It’s going to rapidly turn to a buyer’s market for vehicles.

[Anonymous]

Anonymous wrote:Dealer lots will soon be full of cars again. It’s going to rapidly turn to a buyer’s market for vehicles.

Yes.

[Anonymous]

Anonymous wrote:Dealer lots will soon be full of cars again. It’s going to rapidly turn to a buyer’s market for vehicles.

This ignores fundamental economic realities. Manufacturers and dealers are making more by building and selling fewer vehicles. They don’t want to get back to subsidizing discounts, rebates and incentives.