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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.
What else can I help you with?
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?
What is the minimum down payment required for a car purchase with a 50 down payment?
The minimum down payment required for a car purchase with a 50 down payment is 50 of the total cost of the car.
Do you need a down payment for car insurance?
No, you do not need a down payment for car insurance.
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.
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.
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.
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.
How does the down payment affect the monthly payment amount when purchasing a car?
The down payment on a car reduces the amount of money you need to borrow, which can lower your monthly payment amount. A larger down payment typically results in a smaller monthly payment, while a smaller down payment usually leads to a higher monthly payment.
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.
What will happen if your car down payment bounced and you made a particial payment?
The car will probably be repossessed.
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.
