Quote:
Originally Posted by Bring_Back_Shantz
This is probably the worst business practice I've ever heard of.
If a car salesman even suggested this to me I can guarantee I'd walk away that second, because if I was him and someone was dumb enough to put down a deposit before settling on a price, what incentive is there to make a deal? I can stick to my guns on a price and if the guy walks away I keep the deposit, and can still sell the car.
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Thing is, time is money and this ensures you aren't wasting any. A good friend of mine is sales manager at one of the dealers in the auto mall. It ensures you don't waffle for a week and then walk away anyhow, because that car could/would have been sold in the meantime.