1971Camaro

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I played the game poorly. I contacted three local dealers over a year ago and believed them when they said I was first on their list. No deposit taken. I wish I would have called around more and tried to get more of an commitment with a deposit, but none of the local dealers would accept one. All three sold their ctr without even telling me it was available to buy.
That sucks. Based on what is happening around here, you might consider finding a dealer whose ADM is acceptable to you and get them to commit with a deposit to hold your place -- even if they don't yet know if/when they are getting a car. It worked for me.

Now, you may end up getting cancelled anyway as someone on here had happen... but my dealer stuck to their commitment from Aug 2022 to Feb 2023 with a deposit and no vin... and they were originally told they wouldn't be getting more than one CTR this year. but now, they are already assigned a 2nd CTR (they said they took a deposit on that), and think they may get another CTR before the end of the year (altho i think they raised their ADM for now).

Obviously, it depends on the dealer, and you could ask here to find out if anyone recommends a dealership that we are fairly confident will honor their commitment, and see if you can get that spot even without a vin or an assigned vehicle. wishing you luck!
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Tickle

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I called several dealerships around Kansas City, MO almost a year and a half ago telling them I wanted to reserve a type R. None of them would take a deposit but all told me I was first on their list. Surprise surprise, all of them sold their Type R without ever so much as calling me to tell me it was available.
So there is a right way and a wrong way to do business.

The right thing to do is keep you informed about this. There is absolutely no question about it. If they told you that you are first on some list then they should accordingly.

However you probably did everything wrong that you could possibly do.

Have you ever done business with any of these dealers before?

You should've absolutely went into a dealership so you could talk to someone in person. That already shows you are a more serious customer. The dealer can ask qualifying questions and you can ask them the same. Then maybe they take your deposit, maybe they don't but you would have a better feel as would they about this transaction.

All you can do is learn from it at this point.

None of this is absolutely solid right? I'm not criticizing... I just think, from a dealers perspective it could've been handled better by you and the dealers and hopefully you'll learn from it.
 

CivicR38

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New year will bring new hot cars... and this one will be much less desirable. When the buzz cools down, and the production increases, the dealers will need to move their inventory.

In fact, the GR Corollas are just hitting now too... which gives consumers even more choice. I just got a call TODAY from my Toyota salesperson. he's a nice guy. Even tho i told him i had already decided to get the R, he knew i wanted to see one in person and let me know it was in the showroom. (yah, he might be hoping i would reconsider, but he didn't have to let me know)

The GR/Yaris is a really nice car, and the base model costs much less than the R. So, they have more room to play with for price to match or beat the R. So, give it a few months, and there could be a lot more possibilities... including future trade-ins of Rs for those cars. If price is critical, make sure all sports car dealers know you would be interested in a used (not abused) R.

Also, there ARE some dealers who are taking refundable deposits on decent ADMs. NOTE - i am told that in Illinois, it is illegal to not refund dealer deposits. I guess the way they can get around that is by writing up an order -- as if it's an actual sale -- but, i'm told Illinois is fairly safe for deposits...esp if you get in writing that it's refundable (which they should be willing to do since it's state law).
This is really just based on assumption and has been the topic of discussion for months when people are complaining about ADMs. You are correct when you say each year will bring new hot cars, and maybe the appeal of the Type R will die down a little bit, but production numbers aren't going to increase to a point where this car is readily available at most dealerships. It's already been stated it's limited production, limited number of units over the next 3 years. I'd say less than 5% of people will get this for MSRP, remainder will have to make the decision on what they are comfortable paying for an ADM (can't imagine seeing many of these less than 5k ADM).

GR Corollas are in the same boat, good luck finding one for MSRP. Good luck finding a Supra, Nissan Z, BMW, or any of the other comparable cars in this class for MSRP for that matter.

Everything about the economy now is just supply and demand. I, like everyone else, hate the fact that we are living in a world where we have to pay more than MSRP for an item, but that's just how it works. It's not going to fix itself in a "couple months" like people assume. Less produced cars are just going to be worth more, plain and simple.

Even if you look at the SI, people are going bonkers because dealerships are 3-5k over MSRP for this vehicle. Take a look at the production numbers for this car in 2022 and so far in 2023, they are essentially non existent. Find a dealer who got more than 3 SI in 2022. I was fortunate enough to find a dealer and get on a long wait list to get one for MSRP, but even with that it was their first SI in 6 months. If you go to Cargurus and do a 500 mile radius search of whatever vehicle / model you are looking for, and you come up with less than 50 total units, it's a rare car.

People just need to come to terms with how things are now and if they want the car, buy it. It's your money, doesn't matter how you spend it. If someone spends 10k over, who cares, they're happy. Last thing I'd like to see is someone on these forums missing out on a car because they are reading too much into the opinions of people on how "they should wait" or "market will adjust" without doing the actual research on actual production numbers.
 

dathoneycomb

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I played the game poorly. I contacted three local dealers over a year ago and believed them when they said I was first on their list. No deposit taken.
Yeah that sucks. I was the first person to contact my dealer to try to get first in line but they didn’t have any information on the car and wouldn’t take a deposit. I checked in one or two more times with similar results. The next time I called was when the price was finally revealed. At that point they told me there are two customers ahead of me… so I was annoyed but I asked him to keep me in line. Checked in again as some of the early cars were being delivered and was told I was now first in line but that they wanted 10k over. Pretty frustrating because I had stuck with this dealer simply because I have some rapport with them and they had told me when the 11th gen SI came out that they don’t/can’t do ADM. I did get them to agree to discounted ADM “just for me” (because I’m a loyal repeat customer) and put a deposit down. Ended up getting my car from them and everything worked out but I did pay about 6-7k over including some extras.

I guess I got “lucky” that the two people that snuck in line in front of me didn’t want to pay ADM. I think it’s hard for dealers to secure a car for someone when said car doesn’t actually exist yet. Especially when there’s more than one salesperson at the dealership that are all getting calls. It’s a game of patience and luck and of course who is willing to pay a little extra…
 

I used to vtec

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So there is a right way and a wrong way to do business.

The right thing to do is keep you informed about this. There is absolutely no question about it. If they told you that you are first on some list then they should accordingly.

However you probably did everything wrong that you could possibly do.

Have you ever done business with any of these dealers before?

You should've absolutely went into a dealership so you could talk to someone in person. That already shows you are a more serious customer. The dealer can ask qualifying questions and you can ask them the same. Then maybe they take your deposit, maybe they don't but you would have a better feel as would they about this transaction.

All you can do is learn from it at this point.

None of this is absolutely solid right? I'm not criticizing... I just think, from a dealers perspective it could've been handled better by you and the dealers and hopefully you'll learn from it.
Eh, I disagree that my tactics with them were wrong. For one, I bought a car from one of the dealers within the past two years. I also do all of my emailing from my work email, so they know I'm a physician and can very likely afford the car. I also mentioned being open to cash or financing. And finally, I offered to pay a deposit. Not sure how my intent to be a serious buyer could be misconstrued, personally. I think they only mistake I made was not calling enough dealers until one committed to a deposit to make it somewhat official.
 


rob495

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Placing a deposit/reservation on this car has been a freaking nightmare. Why won't anyone take my money?!

Every dealer I have spoken to who charges a reasonable ADM (I'll define that as 5k or less) simply WILL NOT TAKE A DEPOSIT. Everyone keeps saying they're taking down my name, but I'm starting to think that is total bullshit. I called several dealerships around Kansas City, MO almost a year and a half ago telling them I wanted to reserve a type R. None of them would take a deposit but all told me I was first on their list. Surprise surprise, all of them sold their Type R without ever so much as calling me to tell me it was available.

I finally found a lead on a dealership who would take my deposit at 2.5k over MSRP. Paid the deposit, life was good. GM called me yesterday and refunded my money telling me they can't take a deposit on a car they don' have an allocation for, and since I am second on their list, it's probably ~2 years before they'll have that car. But they "wrote my name down".

But sure, every twat dealership charging a 10-20k ADM is more than happy to take my $1,000 nonrefundable deposit.
They probably realized that they made a mistake accepting your deposit when everyone else is making 5-10K more on average. I bet they will be getting more than one Type R in the next 2 years.
 

Tickle

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Eh, I disagree that my tactics with them were wrong. For one, I bought a car from one of the dealers within the past two years. I also do all of my emailing from my work email, so they know I'm a physician and can very likely afford the car. I also mentioned being open to cash or financing. And finally, I offered to pay a deposit. Not sure how my intent to be a serious buyer could be misconstrued, personally. I think they only mistake I made was not calling enough dealers until one committed to a deposit to make it somewhat official.
Fair enough. I can only offer my perspective as someone in sales...

I would be upset if my team told you that you are "first on the list" only to not reach out to you. That is bad business. It implied that you have the first right to purchase that vehicle.

That said...

If you talked to a sales associate and there is...

A. No sales price
B. No deposit
C. No ETA

There is no deal. It isn't your fault that they wouldn't accept your money.

You mentioned you called three dealerships. So my response to you before was based off that.

Now you are saying that you have emailed them. At least you can reach out to them with the evidence of you being first in line and see what happens. Likely little but you never know.

Again my suggestion to you or anyone else who is buying a vehicle in this way is to go into the store.

Just my suggestion.
 

AspecR

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Eh, I disagree that my tactics with them were wrong. For one, I bought a car from one of the dealers within the past two years. I also do all of my emailing from my work email, so they know I'm a physician and can very likely afford the car. I also mentioned being open to cash or financing. And finally, I offered to pay a deposit. Not sure how my intent to be a serious buyer could be misconstrued, personally. I think they only mistake I made was not calling enough dealers until one committed to a deposit to make it somewhat official.
In my opinion, you did nothing wrong. Just for your information, Dealerships are extremely adverse to to dealing with customers strictly through email or over the phone and here’s why:

1. Something always gets misunderstood or misconstrued through phone or email.

2. It’s very easy for a customer to change their mind or not commit when working through the phone or email. Email is even worse because it could be falsified information.

3. Most dealership staff are extremely adverse to collecting money over the phone or through email because if a money-related issue arises then they are generally responsible for repayment and they’d rather not have to deal with that.

4. Customers working through the phone or email are almost always shopping around for the best price (as they should,) but that also means that any quotes provided to you, are more likely to be used against the dealer that gave them to you. Which means they’re less likely to earn your business. Why exert the time and effort, if there’s no guarantee you’re gonna do business with them.

These are just some reasons not all.
 

TypeRD

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Also, there ARE some dealers who are taking refundable deposits on decent ADMs. NOTE - i am told that in Illinois, it is illegal to not refund dealer deposits. I guess the way they can get around that is by writing up an order -- as if it's an actual sale -- but, i'm told Illinois is fairly safe for deposits...esp if you get in writing that it's refundable (which they should be willing to do since it's state law).
Yep. I paid a $5k non-refundible deposit at my local dealership (central IL). I went to the dealership in-person. That’s the best way to get down to business. They wrote it up as a pre-sale. At the time, MSRP wasn’t even available yet. So they simply wrote in that they would sell the car at MSRP (once that info was given to them from Honda Corp.) + $5k ADM + interior/exterior protection package + taxes & fees. To make it more official with estimated numbers included, they put a preliminary estimated value (based on the 10th gen CTR + $6k) on the MSRP line and a “not-to-exceed X price” in writing. I was also given the right to refusal if they weren’t allocated a color I wanted…in which case they’d look to trade with another dealership, or I’d have to wait for their next allocation. It all worked out smoothly, really. I never had to call them or bug them about anything. I was first in line and had a contract in writing, so it was just a waiting game for a few months and incessantly checking the inventory tracker online.? I got the car last month. They said because I came in early and put money down it helped them get their allocation sooner.

For me, and I imagine many others, I knew this is the car I 100% wanted. I didn’t even consider a GR Yaris, nor a Hyundai, nor anything else. I really like Hondas (and Acuras). If it existed, the only other car I’d have considered is the Integra Type S. However, I expect the ITS to cost even more…which will put it more out of reach than the CTR for many. It’s like the housing market. It sucks, but the reality is that there’s just not going to be enough FL5’s to go around (not this year, anyway) and I expect these cars will always be in demand due to low production numbers (especially in comparison to pre-pandemic production) AND despite alternatives “available” at both lower and higher prices points. This is why dealerships in large markets are still holding onto their $10k+ ADM’s. Some folks will get tired of waiting and will buy something else, meanwhile the waiting line is still going to be there for folks who want a brand new FL5 and the dealerships know it. I definitely feel fortunate I got one without getting totally raked over the coals! I think it greatly helps that I came in before the car was even on their radars. The sales guy I worked with knew nothing about it at the time! This was last Sept.

Hope this info helps. The point is, dealerships can get creative when they want / need to sell. You have to find that dealership who will work with you and take you seriously and you’ll get your FL5 like I did.
 

Robert.C

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I played the game poorly. I contacted three local dealers over a year ago and believed them when they said I was first on their list. No deposit taken. I wish I would have called around more and tried to get more of an commitment with a deposit, but none of the local dealers would accept one. All three sold their ctr without even telling me it was available to buy.
This was pretty much my exact experience.
 


CivicR38

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I completely agree. I'm going to piggyback off of what you said here and remind that not only are they not accepting more orders in Japan because they have to meet that demand, but what is allocated and planned for worldwide distribution is set for the time being. 400 units a month in a 4 year cycle is 19,200 FL5s in comparison to the FK8s 48,000ish run in 4 years. Anything changing here is wishful thinking.
exactly, and only a certain % will be allocated to the United States. FK8 had 48k units produced but the US only saw roughly 20k of them.
 

DarthTrizzle

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I played the game poorly. I contacted three local dealers over a year ago and believed them when they said I was first on their list. No deposit taken. I wish I would have called around more and tried to get more of an commitment with a deposit, but none of the local dealers would accept one. All three sold their ctr without even telling me it was available to buy.
I initially told my dealer I was interested in a new type r over a year ago. It's a dealer I've done business with often enough that the salesman knew I was a serious buyer. They told me the adm and took a $500 fully refundable deposit and took my color choices. I was second on the list. I did call around to 25ish different dealers when the officially revealed the car and only a few were willing to take a deposit and only 2 of those would commit to a certain adm. The vast majority of the dealers I contacted would only take my contact info and said they would reach out. Only 2 actually did but by that time my car was already secured as first in line dropped out due to color choice.

One thing that really stood out to me about the dealer I bought my car from was they were confident in exactly what they were doing with their allocations. Upon my initial ask they told me straight up what the adm was going to be, that one person was on the list ahead of me, and what kind of deposit was required. At that point they were the only dealer I had spoken too that seemed to have a plan. My best advice since you're a bit late to the game is check the trackers on this page, call as many dealers in your region you can, and then set a deal with the one that seems to have their shit together. Most dealers are a little on the shady side but you can find one that will treat you well. If they are shady at the selling point it doesn't bode well for their service department either. Good luck man and I hope you can find a deal that you can live with. The car is definitely worth the extra legwork though. I love this ride.
 

TypeRD

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Well…production numbers/allocations for various regions are pre-established and set based on expected production from the factory.

So, to break it down further : If Honda committed delivery of (for example) 10k FL5’s to be delivered to the US this year, then that’s what the US will receive (unless there’s an unforeseen production or transportation problem). I’m certain they’ve definitely accounted for chip supply (and got contracts signed from their suppliers) and things like that AT LEAST a year before they started production of the car, and probably more like 18-24 months in advance. The only way they can ramp up production (which would have the remote chance of lowering prices and ADM) would be for supply of chips and other necessary parts to some how materialize. The reality is that there’s no magic that will make this happen, unless other manufacturers decide they don’t need their chips anymore. Still…keep in mind that factories can only churn out a set number of cars even if supply of parts is abundant. They can’t magically install new production lines. Stuff like that takes YEARS to do.
 

1971Camaro

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first, i never said that the CTR would come down to MSRP. Never did. But, i honestly DO believe it will come down to a reasonable price once more cars in this current price range are introduced. 10k is way too much, and i do believe that it could settle into a 5k range -- esp if ALL car sales go down more.

I will repeat... each year, there are a bunch of new hot cars and excitement... and right now, this is one of them. by 2024, there will be newer and more exciting cars for those who have to have the most exciting cars of the year. that's the way it goes. No, i don't want this car to be a 'has-been,' but i have no fear of that happening.

next, my dealer was up-front with me about how many CTRs they were assigned. that original number has now gone UP. did you guys know that toyota has upped the number of circuit cars for the GR? just because they release a number doesn't mean they stick to it firmly. if this is truly a last-gasp for the petrol/stick-shift type vehicles... then they may try putting a few more out on the market. Honda may have been concerned that the high price of the CTR was going to be a bit self-limiting on their ability to move the car. Now that they see how well it is selling, Honda may get more cars to the usa dealers. They do have the ability to alter plans... it's already happened several times just with this model.

as to my observations... I do understand that my personal experience is somewhat anecdotal in nature... but not totally, in that i have multiple dealerships in this area and have talked to and visited many of them. and then, how is it that i have found myself first on the list at 2 different Honda dealerships in a huge metropolitan city, plus one GR dealership?

I didn't mention in my post, but totally agree that going in person is a BFD. I went in person to each of those dealerships, talked to the salesperson, and established a rapport. So, that surely seems to make a difference. So, if you find a deal you like, then, you truly should go in person. In fact, one of the dealers who was charging WAY over MSRP had come down about 5k plus extras when i was standing right there.

Another thing i didn't mention, but has come up... I ended up talking to sales managers as well as the salesperson. I didn't talk to them to complain or to try to leverage more... i talked to them as part of the discussion about the availability of the car and what their expectations were for selling it.

For the dealerships that were way over msrp, those discussions turned into the manager pitching *ME* to see if we could find common ground! No sh*t.

If this were a small town or in a depressed area, then i would believe my experience to be an exception. but, i am in chicago metro area and had several chances to negotiate as 1st in line. I agree with those who say to go in person, get things in writing, and to not expect to pay MSRP, but i will add to have a friendly discussion with the sales manager.
 
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1971Camaro

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I also need to mention my MAIN point i was making was when i said...
"you might consider finding a dealer whose ADM is acceptable to you and get them to commit with a deposit to hold your place -- even if they don't yet know if/when they are getting a car."

Notice i didn't say to wait for MSRP -- I said "whose ADM is acceptable to you." Not sure how that got translated into waiting for MSRP. In fact, the whole point of my post was to NOT wait... but to try to get a deposit and commitment from a dealer, and to let you all know that some dealers are willing to do that... and that my own dealer has now done it twice -- my original deposit (which is how i got my car), and now they have taken one on yet another CTR that has no assigned vin.

I do realize that some of you have had issues trying to get the dealership to take a deposit on a car that has no vin and a fluctuating ADM. I commented on it, and with my latest post, have hopefully, maybe helped with some thoughts about how to do that. But, the very last thing i was doing was telling anyone to sit around and wait...

:rolleyes:
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