Best Answer

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.

User Avatar

Wiki User

โˆ™ 2006-08-23 19:05:57
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
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?
Write your answer...
Still have questions?
magnify glass
Related questions

Can a car dealer keep your deposit if I am not approved for finance?

yep, do it!

Where can someone get the certificate of deposit accounts?

A certificate of deposit is also commonly known as a time deposit which can be purchased in banks and credit unions that are located in the United States of America.

Is a certificate of deposit a current or fixed asset?

Certificate of deposit if purchased for one year then current asset otherwise long term asset.

What is Sec Dep OAC?

The abbreviation Sec Dep means security deposit. OAC means on approved credit. So, when you put the terms together is means that s security deposit would be required once your credit is approved to rent the apartment.

How to get a Secured credit card for people who have very bad credit?

I would use Google to search, or contact your local bank. Make sure that you have a deposit of at least $200 if you plan on getting approved. If you have the $200 deposit, you will most likely be approved 99% of the time.

What's the cash deposit limit that will have to be reported to the government?

if you buy a car and pay cash will the dealership report the transaction to the government?

Is it legal for a dealership to erase an advertised sale price after i agree to buy a car?

Did you put a deposit down? Did the sale expire?

What are Negotiable Instruments of Deposit?

It is a negotiable bearer receipt issued by an approved Commercial or Investment Bank as evidence of a deposit placed with it for a fixed tenor at a specified fixed rate if interest.

List of scheduled bank in India approved by RBI for Bank Gurantee and deposit receipt?

whether kotak mahindra bank is approved in india by rbi for bank gurantee and depopsit receipts

Who issues negotiable certificates?

Approved Commercial or Investment Bank issued Negotiable Instruments of Deposit (NID).

What banking is best banking?

Cash Reward:Up to $500 per Approved Funded Loans/$25 per Interest Account Deposit/ (0.5% of D .ly/nnTBbl9 Cash Reward:Up to $500 per Approved Funded Loans/$25 per Interest Account Deposit/ (0.5% of

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.

People also asked