Hi All,
I need some advice.
I had signed a purchase order for a AWD XLE bz4x in May, right before the recall. The PO entailed a non-refundable deposit of $1K (which is less than 5% of the purchase price of the car..around 46K). The price did not have a markup except for $1k for paint protection (aka cilajet) for which I had no option for removal.
Fast forward to now. The dealer told me the vehicle is finally available, almost 7 months after the PO. The main thing is that my state offers a $2250 rebate, but as a point of sale rebate (the money is taken off the purchase price, and the dealer is paid by the state). The program is optional for a dealer but is the only way for a customer to get the rebate. The dealer is refusing to do it (even though several other Toyota dealers in the state have processed 100s of these rebates). They say they are afraid that state will not pay them and they will be out of 2250.
I am a long term, loyal Toyota customer. My previous car was a Prius (drove 12 years, 220K miles). Before that, a Camry (drove 13 years, 250K miles). So I really want the bZ4x. The limiting factor was the low mileage but the federal and state rebates made it palatable - car became cheaper than alternatives despite the mileage shortcomings.
I am not sure if I will get the federal rebate, despite the PO with non-refundable deposit as it was less than 5%. If I walk away, I also lose my 1K deposit. However, if I do buy the car, it will leave a very bitter taste (long wait etc) and now this dealers refusal to do the state rebate. Instead of being happy, I will constantly feel bitter, I think, at how the dealer has treated me
What should I do? Should I go to another dealer, wait, and buy from them with the state rebate, or just hold my nose and buy it from this dealer. Will I even qualify for the federal rebate (as I said, PO was binding with non refundable 1K deposit which is less that 5% that IRS said is needed for a contract to be binding).
Thx in advance!!!
I need some advice.
I had signed a purchase order for a AWD XLE bz4x in May, right before the recall. The PO entailed a non-refundable deposit of $1K (which is less than 5% of the purchase price of the car..around 46K). The price did not have a markup except for $1k for paint protection (aka cilajet) for which I had no option for removal.
Fast forward to now. The dealer told me the vehicle is finally available, almost 7 months after the PO. The main thing is that my state offers a $2250 rebate, but as a point of sale rebate (the money is taken off the purchase price, and the dealer is paid by the state). The program is optional for a dealer but is the only way for a customer to get the rebate. The dealer is refusing to do it (even though several other Toyota dealers in the state have processed 100s of these rebates). They say they are afraid that state will not pay them and they will be out of 2250.
I am a long term, loyal Toyota customer. My previous car was a Prius (drove 12 years, 220K miles). Before that, a Camry (drove 13 years, 250K miles). So I really want the bZ4x. The limiting factor was the low mileage but the federal and state rebates made it palatable - car became cheaper than alternatives despite the mileage shortcomings.
I am not sure if I will get the federal rebate, despite the PO with non-refundable deposit as it was less than 5%. If I walk away, I also lose my 1K deposit. However, if I do buy the car, it will leave a very bitter taste (long wait etc) and now this dealers refusal to do the state rebate. Instead of being happy, I will constantly feel bitter, I think, at how the dealer has treated me
What should I do? Should I go to another dealer, wait, and buy from them with the state rebate, or just hold my nose and buy it from this dealer. Will I even qualify for the federal rebate (as I said, PO was binding with non refundable 1K deposit which is less that 5% that IRS said is needed for a contract to be binding).
Thx in advance!!!