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Can a car dealer keep your deposit if your financing doesn't go through and you have already taken possession of it?
Wiki User
∙ 14y ago
as long as you have returned the car as requested. A dealer may try to keep a deposit, however most states allow for reasonable costs, re-washing,(detail) anybody or physical damage that wasn't there before and maybe miles but the law is very clear as to use and intent. drive the car for 5 days and put 15000 miles on it and you will probably lose, drive normal miles 500-2000 this would be normal. Most dealers will not retain deposits if the financing is turned down, it's not legal and it's bad business. There is a non-refundable deposit kind of deal, special order, last one in stock, these kind of deposits can and will be kept by the dealer.
Wiki User
∙ 14y ago
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What is the statute of limitations on a supposed sale of a car when the financing doesn't go through and customer already has possession of said car and what can be done?
i went dudo in my pants
Can a car dealer cash a deposit check before the contract is completed?
Yes, they can cash a deposit check before any contract is completed. The purpose of a deposit check is to hold a vehicle for a person while they are waiting on the financing to go through.
If i signed the contract for a used car but have not put a deposit down or had the financing go through Is the contract legally binding?
it depends on what the contract says - did you read it ?? Yes, it states and signed I paid $2000 down.
Where can I obtain information on business financing?
To find business financing you can always start by looking through the telephone book if you don't have access to the internet. Most financing companies will help you find the right financing company for you or they do their own financing.
Where is it possible to get car loan financing?
There are a number of places that offer car loan financing. Depending on an individual's credit score it can be done through a bank or through a car lot that offers buy here, pay here financing.
What is adverse position?
Adverse possession is an option of getting title for real property through possession. This is gaining the ownership through continuous hostile possession which excludes the true owner.
Where can one learn more about corporate financing?
You can find corporate financing through Colleges. Can also be found online. It can also be found at your job if your working in financing. It is also found at a library.
Where can one apply for financing services?
You can apply for financing services at your local bank or credit union. You can also apply for financing services online through a national company such as Quicken Loans.
How do you make a deposit to bank night deposit box?
At night and on weekends, deposit your receipts in the through-the-wall night deposit box, using the access key issued to you.
Who arranges the vehicle finance for customers?
Customers can arrange financing for new vehicle purchases directly through their bank. Financing can also be done through the dealership from which a person buys a car.
How do i set up a direct deposit through Price Chopper?
How can i set my direct deposit up
Conditions of offering bank loan by one bank to another bank?
You've decided to capitalize your new business through a bank loan and through offering stock to a limited number of investors. Your initial funding will A. include equity and start-up financing. B. consist of debt financing through investors. C. consist of personal and public equity financing. D. include debt and equity financing
