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Can the auto dealer refuse to return deposit of car if we dont buy the car from them?

This is a discussion on Can the auto dealer refuse to return deposit of car if we dont buy the car from them? within the General Chat forums, part of the Main Category category; I have put $1000 good faith deposit on the car. It already appears on my credit card. Now I changed ...





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Old 06-08-2008, 08:34 AM   #1
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I have put $1000 good faith deposit on the car. It already appears on my credit card. Now I changed my mind on buying the car. By law, can he keep my deposit? How long before he can refund? Do i need to take any steps?

Thank you
There was no agreement, Just a credit authorization form. But the salesman said it will be refunded, nothing documented to that effect,
carpurchaser is offline   Reply With Quote
Old 06-08-2008, 10:35 AM   #2
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I believe the dealer can keep the money since it is DEPOSIT,,,,,,. That is what deposit means.
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Old 06-08-2008, 10:35 AM   #3
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I am pretty sure he can keep it, because that is the point of a deposit. You could try doing a chargeback on your credit card.
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Old 06-08-2008, 10:36 AM   #4
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what does the agreement say?
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Old 06-08-2008, 10:40 AM   #5
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Tell them they have a choice. They can return the money to your card or you will be contacting the attorney general to get some action. You could also have the credit card company reverse the payment.
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