UmerW

Greetings, All.

quick question as I have never been through this experience before: how easy is it to get a refund on your “refundable deposit”?

I am after a 2022 Lexus LX600 and the dealership is asking to put a deposit down. Considering the horrendous stories around car dealerships and the general consensus on trustworthiness within the car sales industry, What I truly after is your experiences on how easy it is to get this refundable deposit back and how much effort is required in getting back?

I am in the DMV area (DC, MD, VA) and Pohanka Lexus told me they have a waiting list that is over 70 people long and they are expecting a roughly two year waiting time. Which is why I am asking this question that what if after waiting for a year I don’t wish to wait any longer and want my deposit back, am I going to lose my money or will they refund it back without creating a mess for me.

thanks so much for your input, in advance.

gscottmarl

You should discuss with your dealership about their refund policy. The dealership in Texas is not requiring a deposit to be placed on a waiting list. There are currently 120 people on the waiting list which would be at least a two year waiting list. They are charging MSRP as it is their policy not to charge over MSRP. My LX600 luxury should be arriving this weekend 🙏🏻

hankinid

No input to write other than it depends on the dealer. I get better use of our $$$$ buying something a year or 2 old...no deposits required.

355F1

I had to do this for an LC last year at one dealer.

After holding $5k for 4 months, I had to Ask for a refund after they couldn't get the interior I wanted...finance department refunded my CC within 24hours.

Simple.

UmerW

Many thanks to everyone who contributed and helped.

Made the deposit with a dealership. Judging by the numbers before me, I think I will be lucky if I get one delivered before a minimum of two years wait time.