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Old Nov 10th 2014, 05:40 PM   #1
Foo
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Deposit on a 1299S - Trap or no trap?

I went to the dealer today to talk about trade-in options on my 899 for a 1299S. Apparently the guy didn't want to set any price in advance besides asking me to put a deposit down to lock a bike. Of course I can give them as much money as I want in between even $50K they would take any money from anyone... but the problem is that I don't know the final price on the bike. So if I put a deposit I basically sign myself on for an unknown out of the door price. Which leads to my question:

Were you guys able to lock an OTD price when you put a deposit on a 1299???

If at the end they end up saying it's $35K OTD I'm screwed and they keep my deposit.
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Old Nov 10th 2014, 05:47 PM   #2
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Any dealer that tells you a deposit on a new model bike that's not even out yet is non-refundable is a crook. I've talked to dealers already about the 2015 S1000RR and R1 and typical deposit is $500 and is refundable. All it does is secure your place in line. If they say it's non-refundable just move along to another dealer. Assholes - I hope their shop burns to the ground with everything they own inside.
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Old Nov 10th 2014, 05:49 PM   #3
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Yeah like Jeff said it should be a refundable deposit that insures your place for one of the new 1299's arriving and has no bearing on final price.

I put $500 deposit down on my Tri to make sure I got it as soon as possible.
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Old Nov 10th 2014, 05:50 PM   #4
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Originally Posted by JeffD View Post
Assholes - I hope their shop burns to the ground with everything they own inside.
LOL! So, tell us how you really feel...

But yeah, Jeff has a point: I would check with the dealer and make sure deposit means what you think it means. Are you sure it's non-refundable?
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Old Nov 10th 2014, 05:54 PM   #5
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Until you get a price quote, the deposit needs to be fully refundable no strings attached.
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Old Nov 10th 2014, 06:51 PM   #6
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I should have double checked. I bet it's actually refundable I didn't even think about it. Looks like I had a brain fart at the dealer... In that case then yeah! Of course I'll put a deposit on it. Thank you guys.
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Old Nov 10th 2014, 07:48 PM   #7
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I put down a $500 refundable deposit for the 1199 back when they were a few months away from coming out. Nothing was known for sure what the OTD price was going to be. This is norm for a bike so far away from coming out.
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Old Nov 10th 2014, 07:54 PM   #8
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Originally Posted by Foo View Post
I went to the dealer today to talk about trade-in options on my 899 for a 1299S. Apparently the guy didn't want to set any price in advance besides asking me to put a deposit down to lock a bike. Of course I can give them as much money as I want in between even $50K they would take any money from anyone... but the problem is that I don't know the final price on the bike. So if I put a deposit I basically sign myself on for an unknown out of the door price. Which leads to my question:

Were you guys able to lock an OTD price when you put a deposit on a 1299???

If at the end they end up saying it's $35K OTD I'm screwed and they keep my deposit.
So you have $50k disposable and you have to post on a forum if its ok to put a deposit on what's probable a $25k MSRP bike?
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Old Nov 10th 2014, 08:11 PM   #9
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Originally Posted by bp7178 View Post
So you have $50k disposable and you have to post on a forum if its ok to put a deposit on what's probable a $25k MSRP bike?
Not really. The point was that "they would take anything from you"...
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Old Nov 10th 2014, 08:15 PM   #10
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There will be plenty out for sale.

No need to place a deposit
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