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Beware of McDavid Ford in Fort Worth Texas

Discussion in '2020+ Shelby GT500 Mustang' started by JCDriller, Jan 1, 2021.

  1. JCDriller

    JCDriller Well-Known Member Established Member

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    Like many while trying to find my GT500 I messaged a lot of dealers. I found my car last week and my father is on the fence about wanting one so I’m still entertaining the salesman.

    Anyway this came from McDavid Ford. They have a buyer for their Gt500 with a 15k ADM, per the text the buyer has done paperwork and they are actively trying to sell it out from under him before he arrives at the dealership!

    Stay away from these guys.

    New 2020 Ford Mustang Shelby GT500 For Sale | Fort Worth TX | 1FA6P8SJ3L5505523


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    Last edited: Jan 1, 2021
  2. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member Top Shelf Gentlemen

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    The paperwork wasn't done.
     
  3. JCDriller

    JCDriller Well-Known Member Established Member

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    That’s not what he said in his text
     
  4. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member Top Shelf Gentlemen

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    He's trying to pump the deal to your dad by creating urgency.
     
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  5. lOOKnGO

    lOOKnGO Keep'um smiling Established Member

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    If you didn't put a deposit down, it's not yours. ADM is the right of the dealership. No one has a right to buy a car.
     
  6. CobraBob

    CobraBob Authorized Vendor Premium Member Established Member Single Barrel Sirs

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    No! Read the chat. The salesman clearly states that the paperwork was done. But in the same breath he says, "first buyer wins". There might, though, be some missing info in the chat discussion as far as what the "paperwork" actually was. Was it binding or non-binding by both parties? Was there a deposit? I do find it hard to believe that there was an agreed upon commitment to buy from another customer (who was scheduled to pick it up in the next week), and then the dealer potentially sells it right from under him to somebody else who had money in hand. Something's missing here IMO. Or, that dealership is just plain shitty.
     
  7. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member Top Shelf Gentlemen

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    No signatures, he hadn't come to the dealership. End of year, all sorts of sales and managers trying to hit target numbers for bonuses. Money talks and bullshit walks.
     
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  8. CobraBob

    CobraBob Authorized Vendor Premium Member Established Member Single Barrel Sirs

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    Maybe, like you said, the KEY is whether or not there was a deposit. I'm more thinking, like you, that there was no deposit made. Therefore no commitment to the other potential buyer. I'm wondering what the "paperwork" reference is.
     
  9. SID297

    SID297 OWNER/ADMIN Staff Member Administrator

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    That would be my guess.
     
  10. JCDriller

    JCDriller Well-Known Member Established Member

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    The Oklahoma buyer has done the paperwork and is scheduled to pick up. I’m not saying anything that isn’t in his texts.

    Anyway, I’m not mad any dealers for ADM, I just payed one myself. This is just bad business. He didn’t say he has interested parties. He has a buyer who’s already done the paperwork And wants it picked up before the buyer arrives next week.

    there are too many good dealers out there asking for less of an ADM to do business with one like this.
     
  11. CobraBob

    CobraBob Authorized Vendor Premium Member Established Member Single Barrel Sirs

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    Yeah, so likely the paperwork was done to the extent that it was ready for a signature (and no deposit made). In that case, most definitely the walk-in buyer gets it if he wants it. The dealership really isn't then doing anything wrong. I had something similar happen to me when I was looking for my Genesis G70. A NJ dealership had the one I wanted, and stated that my local dealer could have it. A day later, I was told that the NJ dealer had sold it to another walk-in customer. Sorry! I wasn't happy, but it was legal. They hadn't received a deposit. My local dealer then found the exact same car (with the same options) and another NJ dealership and it was delivered to my local dealer the next morning. Things can happen real quick and it's easy for a customer to feel shafted when in fact it was normal business.
     
    Last edited: Jan 1, 2021
  12. Weather Man

    Weather Man Persistance Is A Bitch Premium Member Established Member Top Shelf Gentlemen

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    Depending on state, earnest money means nothing. In MN, the dealership must return earnest money, if requested.
     
  13. JCDriller

    JCDriller Well-Known Member Established Member

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    Well either way, let this stand for anyone who is looking, they can decide if they want to do business with this dealership.
     
  14. ZYBORG

    ZYBORG Let's roll.. Established Member

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    Scummy sales tactic... lol
     
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  15. CobraBob

    CobraBob Authorized Vendor Premium Member Established Member Single Barrel Sirs

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    For anyone wondering what "earnest money" is. "An earnest payment is a specific form of security deposit made in some major transactions such as real estate dealings (or other major purchase such as a vehicle), or required by some official procurement processes, to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction."
     
  16. TFStang

    TFStang Well-Known Member Established Member

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    Typical of most dealers unfortunately.
     
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  17. me32

    me32 BEASTLY SHELBY GT500 TVS Moderator

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    The Vehicle legally never Sold, not sure what paper work hes talking about. But unless a legal contract has been signed, technically the vehicle can still be sold. Also for all we know the dealership is blowing smoke up your ass by telling you the paperwork is done for another person.
     
  18. CobraBob

    CobraBob Authorized Vendor Premium Member Established Member Single Barrel Sirs

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    Yeh, more than a couple of unanswered questions on this one.
     
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  19. JCDriller

    JCDriller Well-Known Member Established Member

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    I’m sure he is, but don’t justify his actions or make excuses for this kind of behavior. Is this the kind of person you’d want to buy a $125k car from?
     
  20. me32

    me32 BEASTLY SHELBY GT500 TVS Moderator

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    I personally couldn't pay 125k for a vehicle sight unseen. But it seems it's the norm for many 2020 GT500 buyers.
     
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