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> ask for a $1K downpayment for a vehicle they aren't telling you a darn thing about. It's not a downpayment, it's an instantly refundable deposit - it's basic
by MagnumOpus 10y ago
> ask for a $1K downpayment for a vehicle they aren't telling you a darn thing about.
It's not a downpayment, it's an instantly refundable deposit - it's basically a free* option to reserve a spot at the front of the queue.
* free apart from the opportunity cost of investing $1k, which in a savings account or a money market fund might be less than $20 over two years...