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If you went out to buy a car, and later found out that is not a really good decision but you already put $1,000 deposits. Are you able to get it back? (In this case, you did not pick up the car yet). If not what is the penalty?

Van826
 

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<font face="Verdana, Arial" size="2">Originally posted by Van826:
If you went out to buy a car, and later found out that is not a really good decision but you already put $1,000 deposits. Are you able to get it back? (In this case, you did not pick up the car yet). If not what is the penalty?

Van826

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It depends on the agreement with the dealer. Some of them allow a "fully refundable" deposit and others don't in which case you might lose the full amount.

What did the salesrep tell you when you agreed to the deal? Did you sign anthing saying the deposit was non-refundable?

Regards,

Maugham
 

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What does your paperwork say? Does your agreement with the dealership say you can get a refund on a deposit? It's really up to whatever you agreed on or signed with the dealership.

I would suspect that with the popularity of Odysseys that most dealers would have no problem letting your Odyssey go to another customer.
 

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<font face="Verdana, Arial" size="2">Originally posted by Van826:
If you went out to buy a car, and later found out that is not a really good decision but you already put $1,000 deposits. Are you able to get it back? (In this case, you did not pick up the car yet). If not what is the penalty?

Van826
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Assuming that you're talking about the Odyssey, I would think that the deposit is 100% refundable, unless you sign paperwork that said otherwise (read the fine print). For us, it was a $500 refundable deposit, the salesman wrote the words "Fully refundable" on the receipt and initialed it.
 

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We walked away from a dealer who insisted on a non-refundable deposit of $1,000.
 
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