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- Dealers don't have to return a deposit unless a refund is written explicitly into the deposit agreement, although a court could eventually limit the deposit to the actual losses the dealer experienced.
www.cbc.ca/news/canada/edmonton/vehicle-buyers-urged-to-be-careful-when-dealers-ask-for-deposits-1.3112713
People also ask
Can a dealer keep a deposit if I don't buy a car?
What happens if a dealer doesn't pay a deposit?
Do dealers have to return a deposit?
Can you get a deposit back on a new car?
If you decide not to purchase the vehicle, the dealer can keep a non-refundable deposit and fees for service. If you are not able to purchase the vehicle because the dealer cannot deliver on its promises, the dealer must return the deposit and cannot charge fees for service.
The Motor Vehicle Dealers Compensation Fund protects your deposits or payments up to $45,000, if a registered dealer fails to deliver on any part of the purchase or warranty. You can apply for compensation up to 2 years after the dealer refuses or is unable to return your payment.
Jun 15, 2015 · Dealers don't have to return a deposit unless a refund is written explicitly into the deposit agreement, although a court could eventually limit the deposit to the actual losses...
If it's not, then tell them that you do not wish to complete the purchase and want your deposit back. The dealership will push back, and if you are unmoved they may offer you the $800 to save the deal.
If you give a dealer a deposit for the purchase of a vehicle but no contract is signed, you can request your deposit back at any time and the dealer must comply. Not this case but definitely a common occurrence.
Aug 3, 2021 · A full-on credit check, also known as a “hard pull,” can negatively affect your credit rating. There is no point okaying a credit check and risking a ding to your credit if you’re a long...
Apr 13, 2023 · While most deposits on new cars are non-refundable, there are some exemptions and laws that offer ways to get the deposit back. First, if the dealer cancels the sale or is not able to sell you the vehicle at the agreed upon price and terms, you should automatically get the deposit back.
