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Can I get my deposit back?

higgieshiggies Posts: 2
edited March 2014 in Buick


This seems fairly straight-forward, but I'm not sure and I'm not that great at negotiating these things. So I want to be certain of my stand before I ask...

In any case, my wife's lease on an Audi is coming to an end in March. So we have been car shopping for a new car for her to lease. We found a nice car that she likes and matches what we want (2014 Buick Regal). The dealer didn't have the exact color and stuff, but they found on e at a dealer near-by. I filled out the credit app, put down a $500 check as a deposit to hold the car, so they can swap it, but I have not done any other paperwork. I got a receipt for the deposit, but it does not say anything about whether it is non-refundable or not. The dealer has been great to work with, but I had reservations about taking the car now as the lease wasn't over until March. I'd have two cars for two months! He negotiated that he'd split the last payment, but that still is silly. I'll essentially have double payments for at least one month and two cars for two months. I just don't want to do this now, plus my wife is having second thoughts about the car.

Since I don't recall signing anything other than the credit app, should I be able to just tell him I changed my mind and want to wait on it? The car swap is likely in process as we're supposed to come do the paperwork and take delivery on Monday. I gave the deposit on Thursday afternoon and today's Friday.

Any help would be appreciated! Thanks!


  • isellhondasisellhondas Issaquah WashingtonPosts: 19,490

    Sorry for being so direct but, you really should have thought this out BEFORE you committed to buying the car.

    First, CALL that store right away so that you may be able to stop that dealer trade from happening. It costs a store time, trouble and money to do a dealer trade and that may be a car they have no use for.

    I don't know why they wouldn't give you your deposit back but I can tell you, they won't be happy and they will do their best to keep that deal alive ESPECIALLY if they have the car in possession.

  • They did try to keep the deal together, and I went ahead with it. They offered to eat the money that I would be out with my last lease payment on the other car, turn-in fee, and insurance. So they will give me cash back for that to offset my costs. I took the deal and will take delivery of the car on Monday. It must be a slow month!

    Yes, I definitely should have thought this through more, but sometimes you get caught up in their whole process and next thing you know you're buying a car. Lesson learned!

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