Quote:
Originally posted by DrinkingHard
Answer me this...
I have a friend that has 2 BMW's on order. One a 2005 model and the other a 2006. He tells me there can be so much demand for certain bmw's that he can sell the option of buying the car to someone else for thousands!
I think he had to put down something like $500 on each car to order them. My question is this... Can he back out of the vehicle and get his downpayment back if he doesn't want the car? Is this a sound business practice?
DH
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I have friends who have done this numerous times, its speculation. They do make large with selling the paper. If you dont get the deposit back its just a business expense. They have done this with the Tbirds, The benz convertibles, and about a 1/2 dozen PT cruisers when they fist came out .