As a rule, it is not refundable unless specific circumstances apply. When buying a car from a dealership, the dealer will want two things: a signed contract and/or a deposit. If you sign an order form or give a car dealer a deposit on a vehicle, you are buying that car.4 Aug 2019
Can dealers keep your deposit?
When you give a car dealer a deposit, it is considered an upfront or initial payment on a car. As a rule, it is not refundable unless specific circumstances apply. When buying a car from a dealership, the dealer will want two things: a signed contract and/or a deposit.4 Aug 2019
Are dealership deposits refundable?
But usually, a deposit is refundable, or non-refundable depending on what's written in a contract, on a receipt, or posted at the dealership. So, if the buyer decides not to buy, they lose the deposit. If the dealership sells the vehicle, when a deposit is suppose to hold it, the buyer can sue.5 Apr 2012
Can I get my car deposit back if I change my mind?
In most cases, the deposit is non-refundable, as it counts as an initial payment of a car.