New M3 - Selling a deposit???
Discussion
Whats the score with selling deposits/places in a Q?
I've had a deposit on the new M3 for 2/3 years now and am pretty much heading the Q at my local dealer....
The problem is, it now looks like it may finally arrive this year and the timing isn't perfect.... a month ago YES - 12 months time YES - but if it arrives Sept-Dec, the timing couldn't be worse.
I know i could specify a later build slot but then i wouldn't be getting one of the first and thats part of the appeal. Theres no doubt i want one but i'm considering putting my name down for a CSL instead (thinking that they will come along a year or two later).
With such an early build slot i feel i'd be a fool to just cancel but taking delivery and selling on soon after would probably be more hassle than its worth (from much experience with Porsche's!).
Sooooooo, if i were to 'sell my place in the Q' how is this looked upon by the dealer.... Could i walk in and say "I don't want the car anymore but i've agreed Mr Bloggs here can have my spot, is that OK?". Are dealers OK with this or will this be frowned upon?
I've no experience of selling on deposits so any advice would be very welcome.... i 'hear' of it a lot but have never really understood the mechanics.
I've had a deposit on the new M3 for 2/3 years now and am pretty much heading the Q at my local dealer....
The problem is, it now looks like it may finally arrive this year and the timing isn't perfect.... a month ago YES - 12 months time YES - but if it arrives Sept-Dec, the timing couldn't be worse.
I know i could specify a later build slot but then i wouldn't be getting one of the first and thats part of the appeal. Theres no doubt i want one but i'm considering putting my name down for a CSL instead (thinking that they will come along a year or two later).
With such an early build slot i feel i'd be a fool to just cancel but taking delivery and selling on soon after would probably be more hassle than its worth (from much experience with Porsche's!).
Sooooooo, if i were to 'sell my place in the Q' how is this looked upon by the dealer.... Could i walk in and say "I don't want the car anymore but i've agreed Mr Bloggs here can have my spot, is that OK?". Are dealers OK with this or will this be frowned upon?
I've no experience of selling on deposits so any advice would be very welcome.... i 'hear' of it a lot but have never really understood the mechanics.
It depends on your relationship with the dealer and they will handle in different ways. It is generally frowned upon by dealers (because there are other people out there taking margin where they should be) and by genuine enthusiasts (because it artificially inflates the price of great cars - speculators are a pain in the arse - though you could argue that it helps to maintain residual values initially).
I would/have never done it - for the sake of not much money and quite a lot of hassle I'd rather maintain a strong relationship with my dealer and give the slot away to someone who really wants and deserves it.
I would/have never done it - for the sake of not much money and quite a lot of hassle I'd rather maintain a strong relationship with my dealer and give the slot away to someone who really wants and deserves it.
bad company said:
baz1985 said:
It is a mass-produced performance car and any initial deposit premium will correlate as such i.e. f8ck all.
I sold one of the first M3's for £1700 plus the buyer paid the dealer direct for the car. The M5 got £1500. I wouldn't call that f8ck all.
Thats interesting and sounds like you did OK out of the whole thing too!
Was the dealer happy to change the name of who actually paid for the car and who he registered it to???
Gassing Station | M Power | Top of Page | What's New | My Stuff