What's my maximum liability if I walk away from my order?

[Dale_K]

I placed an order for a base XLT a few days ago and have some anxiety over the price (in my case a $65k MSRP deal) and the thought the truck might not be eligible for the full $7,500 tax credit. If it turns out I'm only eligible for $3,750 I might decide it's simply too expensive and decide not to go through with the purchase.

When I placed the order online the final step was authorizing a $1,000 charge against my credit card as a deposit. Am I right in thinking that is my maximum liability? I have not signed a written purchase agreement at this point. I'm assuming that if I don't go through with the deal I would lose the $1,000 plus the $100 reservation fee but otherwise the only downside would be a little bad blood with the dealer.

I guess we won't know the answer to the tax credit question for several months.

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[sotek2345]

Unless your dealer is doing something abnormal, both the initial $100 and the $1000 deposit should be fully refundable. It should cost you nothing to walk away.

 

[GDN]

Any decent dealer should let you walk and refund your deposits. If the lots were full of them that might be a different story.

 

[shadycoh]

I seem to recall the when you place your order you get a warning to check with the dealership if the $100 and second deposit to the dealer are refundable.

And with things the way they are I bet a any dealer would be super happy to refund your deposits lol. SO they can tack on there ADM

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