Putting down a deposit ?? [Archive] - Diesel Place : Chevrolet and GMC Diesel Truck Forums

: Putting down a deposit ??


irish yankee
02-25-2010, 10:34 PM
I have made an appointment to have some work done(tranny&turbo). Fairly substantial amount of money involved considering I Work fairly hard for the cash. I was just wandering what the standard is as far as percentage for the deposit? I will be traveling through a few states to have this work done so I can see why the business would want a deposit since they have me down for a couple days. I am also in business for my self and am working on a bid that I would want what these guys want for a deposit(1/2). My problem is these fellas should have what I want on the shelf,I would have to order custom parts for my job. Yes I am trying to be vaige.Just wondering what kind of deposit everybody sends when they get there work done?

Max Power
02-25-2010, 10:39 PM
Being in a similar business I would never ask for a deposit. As a customer I would be somewhat concerned if they asked me for a deposit. JMO.

dmaxalliTech
02-25-2010, 10:41 PM
Shop may not have the parts on hand or the capital to front the parts ...

They have the capital to order, but they order and you dont show and they sit on them, tieing up capital...

I do the deposit thing as well on larger ticket jobs. Also suppy a reciept for any down payment.
I dont think its out of line really

Max Power
02-25-2010, 10:47 PM
Shop may not have the parts on hand or the capital to front the parts ...

They have the capital to order, but they order and you dont show and they sit on them, tieing up capital...

I do the deposit thing as well on larger ticket jobs. Also suppy a reciept for any down payment.
I dont think its out of line really

I agree for bigger or unusual jobs I can see where that applies. I was going to mention that in my post.

However I would hope that the shop I was dealing with would have the capital for most jobs. If not, they likely aren't very safe to give your deposit to in the first place.

Mike L.
02-25-2010, 10:48 PM
Being in a similar business I would never ask for a deposit. As a customer I would be somewhat concerned if they asked me for a deposit. JMO.

I don't believe that for one second coming from you especialy.

dmaxalliTech
02-25-2010, 10:50 PM
Yeah, alot needs to be taken into consideration when deciding which way to go with it. Anything custom or special ordered ( heads from Guy or something normally you would not have any reason to stock) with the truck not on hand is something I look at as good grounds for a deposit. A standard trans build and turbo install is more a discression call I guess.

Max Power
02-25-2010, 10:56 PM
I don't believe that for one second coming from you especialy.

LOL, I don't know what that is supposed to mean but I have never ever taken a deposit from a customer excluding vehicle purchases. However our bigger deals are 10k at the most excluding vehicle purchases. I can definitely see where it would be necessary with custom ordered parts and big builds.

Max Power
02-25-2010, 11:04 PM
I regret posting my original post as I realize now that this business is much different then mine and deposits definitely would be a reasonable request in custom builds. You would be better off listening to someone in this line of business as to what a fair deposit would be. However I think you would need to give a little more idea into what kind of build you are doing so they can give you a better idea what is fair.

irish yankee
02-25-2010, 11:17 PM
I regret posting my original post as I realize now that this business is much different then mine and deposits definitely would be a reasonable request in custom builds. You would be better off listening to someone in this line of business as to what a fair deposit would be. However I think you would need to give a little more idea into what kind of build you are doing so they can give you a better idea what is fair.

Well I don't want to go into detail I will say Im not asking for anything but a suncoast II second gen&and a cheetah 68 bmf.

I have to wait for now the womens ice skating is on,Ill be back in a few

irish yankee
02-25-2010, 11:37 PM
Thanks mike and merchant for letting me know its not uncommon for that to happen.

irish yankee
02-25-2010, 11:51 PM
Yeah, alot needs to be taken into consideration when deciding which way to go with it. Anything custom or special ordered ( heads from Guy or something normally you would not have any reason to stock) with the truck not on hand is something I look at as good grounds for a deposit. A standard trans build and turbo install is more a discression call I guess.

This would be the reason for my thread,yesterday ------ said we have you scheuled then ---- called me today and said we need 1/2 down and prefered a check over debit card..These guys have me spooked..Thinking about going elsewhere,like st. lucas....

Brayden
02-26-2010, 12:03 AM
It's Ok to post the name of the shop ;)

I'll be happy to explain the reason that we ask for a deposit on a job.

1. I've been burned before ordering transmission kits in and then sitting on them. It doesn't take too long to accumulate 10,000 to 15,000 in trans kits collecting dust. Having installed hundreds in the last 6 years, we will end up installing them in the end but it's just tieing up capital.

2. March is the busiest time of year for us and schedule time is precious. We have plenty of engine builds, trans builds, etc scheduled and in process so we don't like to have the schedule "move" around on us much. Your deposit get's the parts in before you are here, and tells me you are committed to the job.

3. The reason Jeff asked you if you'd send a cashiers check over a Credit Card is that we like all business' are at the mercy of the credit card processing companies. On a job like yours they take a considerable percentage of the bottom line. You would rather your money pay for parts instead of some CEO's yacht right :D

Feel free to give me a call Brad if you would like. We're going to take care of you.

Thanks,

Brayden

Brayden
02-26-2010, 12:18 AM
Just an example...

We have anywhere between 4 and 10 trucks in process at any one time. Invoices range from 500.00 to 50,000.00. You can see how much capital it takes to order parts for 10 jobs @ an average of 5000.00-10000.00 per job ;)

From a business standpoint it doesn't make sense to "overextend" that far in Accounts Recievable when this is all elected performance work. If it were a repair shop then you'd collect when services are rendered etc.

In the performance world most shops will require a committment or downpayment.

irish yankee
02-26-2010, 12:22 AM
LOl,well now that I'm found out!!!

I really want my truck done bye fleece,period

But I want you fellas there when this shits going down,You both have said you will be traveling...Kinda hard fo me to squeeze ya over the phone. If your in the house on march 22nd then I will send the; hell Ill send the whole amount if mike l says its ok............. will he back ya? otherwise goerend might be doing my stuff.....I want you boys there when my truck gets done!!!!!!I want some ass to chew when shit goes wrong.hence the name irish yankee...

Brad Patrick
511 s. lincoln st
lowell,ar 72745

irish yankee
02-26-2010, 12:26 AM
Just an example...

We have anywhere between 4 and 10 trucks in process at any one time. Invoices range from 500.00 to 50,000.00. You can see how much capital it takes to order parts for 10 jobs @ an average of 5000.00-10000.00 per job ;)

From a business standpoint it doesn't make sense to "overextend" that far in Accounts Recievable when this is all elected performance work. If it were a repair shop then you'd collect when services are rendered etc.

In the performance world most shops will require a committment or downpayment.


Common man,if thats true then i'm a fly turd on the wall........why the big deposit?

Brayden
02-26-2010, 12:26 AM
We're going to be travelling the week before you're appt. ;) and we're going to set up a booth at the Suncoast Open House, so that doesn't leave much time for us to be ordering parts and I don't it to come down to the wire ;)


I build all the transmissions and Jeff builds the Cheetah's :D so we'll be there for you buddy. I do the tuning as well, so I have to be there.

We're marketing our electronics heavily this year, hence the travel.

There's the whole explanation.. Hope that makes you feel better ;)

Brayden

BIG DIPPER
02-26-2010, 12:29 AM
I agree with what they have said so far.....too many parts, shop time, and a sign of good faith that you are going to show....not to much to ask IMHO.

Knowing you're talking of Fleece.....I can understand you having second thoughts.






Just kidding..:D

irish yankee
02-26-2010, 12:30 AM
I don't care about the deposit really,I'll pay 80% up front.....Are you or your partner going to be there when I come to town,LOL this has gotten way outa where I wanted to go and Im sorry

Brayden
02-26-2010, 12:32 AM
Common man,if thats true then i'm a fly turd on the wall........why the big deposit?


Because it only takes a few fly turds to become a cow patty and before long we're in deep shit :eek:

Wow... what a metaphor there. It doesnt' take too long to get deep in recievables, and in this economy it's not safe. Accountant's recommendation.

Brayden
02-26-2010, 12:33 AM
I agree with what they have said so far.....too many parts, shop time, and a sign of good faith that you are going to show....not to much to ask IMHO.

Knowing you're talking of Fleece.....I can understand you having second thoughts.






Just kidding..:D


And the vote of confidence from George ... Thanks buddy :)

Brayden
02-26-2010, 12:34 AM
I don't care about the deposit really,I'll pay 80% up front.....Are you or your partner going to be there when I come to town,LOL this has gotten way outa where I wanted to go and Im sorry

We're going to be there.. You can count on it.

No need to be sorry. It's a lot of money and hard work to get it!

irish yankee
02-26-2010, 01:02 AM
We're going to be there.. You can count on it.

No need to be sorry. It's a lot of money and hard work to get it!


damn right,iplowed my ass off for three days to make this happen:p:

Brayden
02-26-2010, 01:12 AM
You'll be able to make a lot of snow sorry when we're done ;)

irish yankee
02-26-2010, 01:12 AM
just thought I would add:

Brother says you should save:rolleyes:

Parents think im nuts for spending money on my truck:smashfrea:smashfrea:smashfrea


I say its a tax break for me :p:

spend it, or pay it:eek:

mreeves23
02-26-2010, 09:34 AM
I will stand by Brayden and Fleece on this one. With a job of this size and Fleece not being a huge company, I do feel it's best for him to ask for a deposit. If they ordered everything for a customer who was a few states away and had it sitting there before the scheduled appointment with no deposit on hand, and then something happens to/with the customer and he can't make it, Fleece is stuck with parts on the shelf that someone else may or may not want. Like Brayden said, it's very very easy to get quite a some of money tied up with parts very quickly doint the type of work they do. I understand your concern as customer but I also understand from Brayden's side. Brayden will take care of you on your trans and turbo! You can trust him.

LWATSON
02-27-2010, 07:39 PM
From a customers point of view, I plan to have a turbo installed in near future. I would expect to pay for the turbo up front and the labor when the job is done. I would'nt expect the installer to just order a turbo because I told him I was coming to get it.

Mike L.
02-27-2010, 10:12 PM
Deposits on expensive special order items is normal.

okierzr
02-27-2010, 11:46 PM
The big chain parts stores make you pay for big dollar items before they order parts.

Firefighter
02-28-2010, 01:03 AM
I have not personally dealt with Fleece/Brayden (yet), but I'll tell you that from everything I have heard about them, I'd have no problem paying 100% upfront to them. They are a stand-up outfit with a great reputation. They got that reputation due to a pile of very happy customers and other big names in the business that feel comfortable in putting their good names on the line by recommending them. :grd:

Tuttle228
02-28-2010, 01:50 PM
In my opinion, it's common courtesy to pay half up front. I myself don't have a problem giving these guys 100% up front! They are honest people that do excellent work. I'm sure your transmission and turbo will make you happy enough to come back for more in the future!

Brayden
02-28-2010, 06:23 PM
Thanks guys :)

dirtydrew
03-01-2010, 11:43 PM
It's really difficult for businesses to return special items also... and a lot of places don't want to risk having a special order part that they cannot do anything with and is tying up cashflow and can't return because of shipping and restocking fees.

irish yankee
03-03-2010, 09:16 PM
It's really difficult for businesses to return special items also... and a lot of places don't want to risk having a special order part that they cannot do anything with and is tying up cashflow and can't return because of shipping and restocking fees.

Shut up man,wtf

Did you read the thread,I just went through and read the whole thing....
Should be on the shelf shit.....If these guys are sitting on tranny rebuild parts then I picked the wrong place...............With that said I'm so stoked I can hardly wait...

irish yankee
03-03-2010, 09:21 PM
Just to get back to my question,whats everybody else putting down for a deposit?I'm the only one yeah.......

rgullett83
03-03-2010, 09:24 PM
I ask for the cost of the parts. When the job is done then I collect labor.

irish yankee
03-03-2010, 09:40 PM
This is Kinda were I will be when rolling into town....

http://www.youtube.com/watch?v=XDdlHmzIdn8






















Wife has been trying to wipe the smile off my face.She has failed.She can't start a fight or anything...She says shes happy:rolleyes:

dirtydrew
03-03-2010, 09:59 PM
Shut up man,wtf

Did you read the thread,I just went through and read the whole thing....
Should be on the shelf shit.....If these guys are sitting on tranny rebuild parts then I picked the wrong place...............With that said I'm so stoked I can hardly wait...
No i didn't read the whole thing... I stopped at the part where you said you had to get back to watching ice skating on tv:rolleyes:

irish yankee
03-03-2010, 10:20 PM
No i didn't read the whole thing... I stopped at the part where you said you had to get back to watching ice skating on tv:rolleyes:

LOL,if you didnt watch it then you missed the best performance that I and the rest of the world have EVER saw.......And bye the way it was womens ice skating sweetie :p:

Mike L.
03-03-2010, 10:39 PM
LOL,if you didnt watch it then you missed the best performance that I and the rest of the world have EVER saw.......And bye the way it was womens ice skating sweetie :p:

I don't watch ice skating. They are all gay.:rolleyes:

BOW HUNTER
03-03-2010, 10:50 PM
X2 I'm with Mike on that one.:D

irish yankee
03-03-2010, 10:51 PM
I don't watch ice skating. They are all gay.:rolleyes:

See not even mike can piss me off.......I have been waiting for this for a few years.....Forget the ice skating mike,you like the video?

greif03lb7
03-03-2010, 10:53 PM
I don't watch ice skating. They are all gay.:rolleyes:
Thats what made the womens ice skating fun to watch:eek::eek:

irish yankee
03-03-2010, 11:07 PM
Thats what made the womens ice skating fun to watch:eek::eek:

I always thought I had a chance:p:And the wife would go along:eek:

Firefighter
03-07-2010, 08:04 PM
I don't watch ice skating. They are all gay.:rolleyes:

Couldn't have said it better myself! Now Irish Yankee, go back in the kitchen and get the dishes done before your wife gets upset!

irish yankee
03-10-2010, 10:32 PM
Couldn't have said it better myself! Now Irish Yankee, go back in the kitchen and get the dishes done before your wife gets upset!


I love a guy that will talk shit a few thousand miles away:rolleyes:

And bye the way I make sure the dishes are done before the wife gets home from work:p:

skyhigh4by
03-10-2010, 11:08 PM
I love a guy that will talk shit a few thousand miles away:rolleyes:

And bye the way I make sure the dishes are done before the wife gets home from work:p:

The more dishes he does the more truck goodies the wife will approve;)

I would be doin dishes all day long....

Firefighter
03-10-2010, 11:09 PM
I love a guy that will talk shit a few thousand miles away:rolleyes:

And bye the way I make sure the dishes are done before the wife gets home from work:p:

LOL! I'd do it of I was standing beside ya too! But good to hear you keep her happy. I know from experience, a happy wife is a happy life!;)

Kennedy
03-11-2010, 01:58 PM
Deposits on expensive special order items is normal.


Just curious do you ask for deposit on basic Allison trans kits, coolers and stuff that you sell every day?

Mike L.
03-11-2010, 03:24 PM
Just curious do you ask for deposit on basic Allison trans kits, coolers and stuff that you sell every day?

No John. I only ask for deposits on stuff I normaly don't carry.

Brayden
03-11-2010, 11:25 PM
We get a deposit on all jobs big or small. I explained it earlier. It shows the customer is serious about having the work done. Rescheduling is a pain, and sitting on parts that you may not use right away is a waste of capital. Business 101.

It's our policy. Others may vary.