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They can if it's written somewhere, such as your contract or in a place where a buyer would be reasonably able to see it.

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โˆ™ 2006-08-23 19:05:57
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Q: Can a dealership keep your deposit if you purchased a car kept it for over a month then was informed by the dealership that the loan was not approved?
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Can a car dealer keep your deposit if I am not approved for finance?

yep, do it!


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Can dealership keep 100 dollars of your money because you changed your mind if you never took possession of car?

Was the $100 a nonrefundable deposit? Yon have to be careful about giving anyone including a car dealer any money prior to executing the purchase. They will try and get you to give a deposit, to hold the car, which is often not refundable unless they can not get you approved for a loan. This doesn't mean if you don't like the terms which may bring interest rates of 20 or more percent. This means that no one that they deal with will lend you the money.

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