r/Toyota • u/Antique-Owl8155 • 16h ago
I put down a deposit today
I went to a local Toyota dealership and they didn’t have the grand Highlander hybrid that I wanted in stock, but he said that one of them was coming in about 20 to 25 days, and if I wanted to, I could put down a $1000 refundable deposit on that car to set it aside.
I agreed to do the deposit only after we agreed on a price, so after some back and forth, we both met in the middle and agreed on a price, and he printed it out for me, and I put down my $1000 deposit.
I asked him “does this deposit prevent anybody else from coming in and buying that car?” And he said “yes, it’ll be set aside with your name on the file.”
And then asked him “and this price that we agreed on will be upheld when I return to purchase the vehicle when it arrives?” And he said “yes.”
But I don’t have any paperwork that says any of that specifically. I have the receipt from the deposit, and I have the printout of the OTD price breakdown on the make/model/year/color/trim.
The VIN was a “generic vin” because the car was still in production I guess? He called it a “generic VIN.”
He said one time he can remember a car that was supposed to be set aside for someone got sold, but they remedied that by giving the customer a very big discount and got him the car he wanted. He said it rarely if ever happens.
I guess I’m just nervous that I don’t have any paperwork that says “Car number XXX belongs to Jane Doe.”
Did I make a mistake?