Quote:
Originally Posted by Chance
$400 million? Not a bad way to raise cheap capital. 
I was thinking how perfect a motorhome concept would have to be for me to commit a similar down payment to Thor before even seeing one. I suppose if it was exactly what I wanted, maybe it’d be worth the gamble. |
Not really that much of a gamble as all of these reservations are 100% fully refundable. So at worst you're out a bit of interest had you kept the money in your account instead of theirs. As such I think the companies are required to keep that cash available for anyone who does wish to cancel and get their refund.
The really funny thing is that the Ford deposit doesn't even go towards the car. If you read the fine print it is automatically refunded to you once you place an order with a dealer. In addition to that they aren't even guaranteeing that you get the first shot at the car!? Its basically just some way for you to get some skin in the game for Ford to judge how many people are willing to put $ on the car...market research.
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