: Get a Volt in the next week and help a great non-profit



BK123
12-28-2010, 03:42 PM
My company reserved several Chevy Volts months ago. The Volts are arriving sooner than I had expected (they are currently en route to the dealer in Gaithersburg, MD), and I've decided that we don't actually need all of them. I put a $500 deposit down for each car, and the dealer agreed to sell the cars for MSRP (less the $500 deposit).

Here are the details on the cars:
1) Black Rear Camera and park assist, cloth interior
2) Cyber Gray Rear camera and park assist, cloth interior

Though I thought about trying to make money by flipping the rights to buy the cars, I've since decided that it makes more sense to see if I could use the deposits to make money for a non-profit that benefits young people. An organization that I'm passionate about is the Gold Youth Leadership Foundation, and every year it puts on a four-day intensive leadership conference for a couple hundred talented high school students--it literally changes the students' lives. The Gold Youth Leadership Foundation is a 501(c)3 non-profit organization and more information about it is available here: www.goldyouthleadership.org

If you would like to make a donation to the Gold Youth Leadership Foundation in exchange for my assigning the deposit to you, then please email me at bryon.krug@gmail.com and let me know how much you would be willing to donate to get one of these Volts (and which Volt you want the deposit for). If you would prefer to donate the money to another non-profit organization that benefits young people, I will also consider that. Just let me know in the email. I'll be in touch to let you know if you had the best offer.

Thanks,
Bryon

PS If anyone is willing to donate the full amount of their tax credit (i.e., make a $7,500 donation) to the Gold Youth Leadership Foundation, I will assign the deposit to you and won't wait for other offers (provided that no one else has emailed first).

bjhorton2005
12-29-2010, 12:31 AM
Personal gain or not, I'm tired of people trying to achieve gain on this. If you don't want/need the cars then tell the dealer you don't need them. Stop trying to flip or list a car and act as a middle man. I know it might be for a good cause in this instance, but just cancel the orders and let the next enthusiast in line get their volt. They already put the money down and are anxiously awaiting their spot to come up.

IMO if I bought 50 iPhones to flip right away, but said I'd donate the money to charity, or allowed someone to buy their way into the line in front of me it doesn't mean that the people who stood in line behind me might not get their phones after anxiously awaiting their place in line.

I could be wrong though, I don't know what exactly you are trying to accomplish. If maybe get the spot in line for exactly $0 and your basically forfeiting the down payment as a donation? Does the dealer not refund deposits? I understand in that situation, otherwise just forfeit your places in line and donate $1000 to the charity.

Marty
12-29-2010, 02:00 AM
Personal gain or not, I'm tired of people trying to achieve gain on this. If you don't want/need the cars then tell the dealer you don't need them. Stop trying to flip or list a car and act as a middle man.

Hear hear! If I were the dealer I would tell the prospective flipper that either the flipper take title or it's going on the lot first come first served. And if the deposit is non-refundable, the dealer should keep it. This kind of gamesmanship, regardless of if it's for charity or not, screwed two would-be Volt buyers out of an early allocation at that dealer and the ability to order with their choice of color and options.

BK123
12-29-2010, 11:34 AM
Personal gain or not, I'm tired of people trying to achieve gain on this. If you don't want/need the cars then tell the dealer you don't need them. Stop trying to flip or list a car and act as a middle man. I know it might be for a good cause in this instance, but just cancel the orders and let the next enthusiast in line get their volt. They already put the money down and are anxiously awaiting their spot to come up.

...

I could be wrong though, I don't know what exactly you are trying to accomplish. If maybe get the spot in line for exactly $0 and your basically forfeiting the down payment as a donation? Does the dealer not refund deposits?

The dealer does refund deposits. The dealer is very happy if I tell him that I'm not taking the car and no one is taking my place. He says that he thinks the cars will sell for $5K to $10K over MSRP in that situation. So, the dealer would profit. However, the dealer also liked that this was going to help a non-profit, and said that he would be happy to take the check for the non-profit at closing.

bjhorton2005
12-29-2010, 09:09 PM
I say it reeks of distaste then. I didn't like them selling the other Volt for hundreds of thousands or wtv it was. I think you should just forfeit the dough and encourage people to make the donation. If the dealer is selling for 5-10k over MSRP then walk away. Lyle's newest article highly urges people to walk away from dealers doing that. Chevrolet has been urging the dealerships NOT to charge over MSRP, but says they cannot "control" if they do or not. I disagree but that is another topic all together.

mark4090
12-30-2010, 04:45 PM
I think I remember seeing this offer on Ebay as well. In any event, I found 2 available Volts in MD. I called the dealer and was told one was priced at $49,750.00, the other at $48,795.00. Think I'll pass. Even with the tax credit, they would be over 40k.