answersLogoWhite
Cars & Vehicles
Car Buying
Repossession

If a person buys a car but the dealership cannot obtain financing and wants the car back will they refund a 2500 dollar downpayment made to them?

293031

Top Answer
User Avatar
Wiki User
2015-07-16 18:28:34
2015-07-16 18:28:34

Bill, it is NOT up to the dealership to get financing. YOUR CREDIT can be such that NO one can get you financed at any DP, or interest rate. READ your contract closely. It likely covers such a thing happening.

A similar scene happened to a friend recently. Yes, the money should be returned b/c without financing, there is no contract. Without the contract, no "deal" has been made.Your car and all monies exchanged should be returned. In his case, the dealership sold his trade in and made more money from it than they gave him for the car. They actually had to pay him more than his car was worth in the first place,which he used for a downpayment on another car. Don't let them trick you into anything. Good Luck

1

Related Questions

User Avatar

8 point 9 purchase financing mean 8.9% for every dollar you borrow. For example say you want to borrow 1 dollar i say fine but you will have to owe me that dollar plus 8.9% in interest.

User Avatar

2.9% on every dollar borrow. To make it simple say you want to borrow 1 dollar I tell you ok but have to pay me back that dollar + 2.9% interest which means you me 1.03$

User Avatar

For a $900 dollar 1 time fee you can get this code from your local dealership.

User Avatar

The "Holey Dollar" is a coin and you cannot see whoever was on the coin because the centre has been punched out, hence the term "Holey Dollar".

User Avatar

25,000 what? We cannot answer the question, sorry.

User Avatar

Without knowing date and condition, this question cannot be answered

User Avatar

You cannot by a computer for 15 dollars.

User Avatar

You cannot get a real car that you drive if you are over 16 however you can buy a toy car for a dollar. You can find more about this on the internet.

User Avatar

Depends. Does the product include financing? Does it take a long time to produce? What are the fixed and variable costs per product? What is the strength of competition?

User Avatar

No, large denominations of US bills such as the 1000.00 dollar bill are used for government transactions only and cannot be obtained by the public.

User Avatar

No they cannot. Once a Sand Dollar is broken it cannot grow back any part of its body. --- Shawn Caudill

User Avatar

The IEFC (International Education Financing Corporation offers loans in varying increments with and without a cosignee. Visit them at www.IEFC.com for further details.

User Avatar

Equall your dumb Equal Euros to us dollar changes cannot be define due to change every 5 secs

User Avatar

The Revolutionary War lead to massive inflation for the colonies because the Continental Congress was printing money at an incredible rate. This led to the depreciation of the Continental dollar.

User Avatar

Ford does offer a five hundred dollar credit bonus in the form of cash. as well as different rates of apr financing varying on the amount of months...

User Avatar

Potato eyes and the eyes of needles. Also, the eyes on the back of the U.S. one dollar bills.

User Avatar

Dollar Tree is a corporate owned company. Not franchise like Subway or Mcdonalds. You cannot buy one. We all work for the same owner.

User Avatar

It cannot be known, because settlements are rarely made public.

User Avatar

You cannot sue anyone unless you can show substantial dollar damages.

User Avatar

A 14 year old student cannot work at a Family Dollar. This is because the child is not old enough to legally work yet.

User Avatar

If it is a normal one dollar bill it is worth one dollar only. If it is an antique bill which cannot be found in circulation now, you can auction it to antique bill collectors and they may buy it at a higher price...


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.