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No. A downpayment is a nonrefundable form of collateral which is applied to the sale of the vehicle. For example: If a car cost $10,000 and you give a downpayment of 15% ($1,500) you've applied your downpayment to the purchase of the vehicle. If after a few months you no longer wish to own the vehicle, you will still own the principle amount left.
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∙ 11y ago
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What if you have agreed to pay 900 deferred down payment and you can not make payments so they repo car do you get your 1100 you already paid back California?
btw the dealer never got deal bought by a lender because down payment was not paid is partial deposit refundable?
How do get your deposit back from a car dealer if you don't buy the car?
That depends on whether you signed anything when you put down the deposit, and whether it was a refundable deposit or a non-refundable one.
Are you entitled to your deposit back no paper work has been signed?
Where I live a deposit is a payment to hold the vehicle.Please note I said paymentSo no, if you put down a deposit, you are paying us to not sell the car for a period of time.This payment is credited against your purchase but not refundable if decide not to buy.
Car dealer forgot down payment?
The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.
What can affect your monthly car payment?
Interest and down payment.
Can you get your car back if you gave your car as a down payment?
No.
Can i refinance car loan with another down payment?
If you refinance a car another down payment is usually not required. I refinanced a car to lower to payments and it added another year to the payoff date of the car. I wasn't required to give a down payment.
Where could one get car insurance with a low down payment?
Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.
What will happen if your car down payment bounced and you made a particial payment?
The car will probably be repossessed.
Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?
YES, making the down payment is part of the contract and you are in default on it.
If you fail to complete the deposit for your down payment but are already financed and making car note payments can the car dealer repo your car for the remaining down payment?
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How expensive is the Ferrari 360 Modena down payment?
Buying a new car can be very exciting and very expensive. The down payment for a car is dependent on the buyers credit, how they are planning on financing, and the lot in which the car is bought. A down payment for a car can range from $50 to $2-$3,000.
