Can a used car dealership keep your deposit if you decide against purchasing a vehicle?

+1 vote
asked Jun 16, 2018 in Buying & Selling by ToRundy (380 points)
Can a used car dealership keep your deposit if you decide against purchasing a vehicle?

1 Answer

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answered Jun 16, 2018 by Christeen (30,240 points)
It should say in the paperwork that you usually sign for the used car dealership to hold your vehicle for you before you actually purchase the vehicle.

But most car dealerships can and will keep your deposit if you decide you don't want to buy the vehicle after they hold it for you.

And yes the car dealership can legally keep your deposit since they want to make sure you're serious about the purchase of the vehicle they're holding for you.

So don't expect to get your deposit back if you put a deposit up for the car dealership to hold the vehicle for you.

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