Calling Los Angeles-based car shoppers: Have you recently traded in (or plan to trade in) a car with negative equity (i.e. the amount you owe on your auto loan is greater than the car's value)? A reporter would like to speak with you; please reach out to PR@Edmunds.com by 11/6 for details.
POTENTIAL LEASE AND DEPOSIT!
yesterday i went to a dealership and told the salesman i was interested in leasing a vehicle and i would like a price quote, after receiving the quote i took a test drive and told the salesman i was not 100% sure i wanted the vehicle or not and that i wanted a few days to decide, he told me that it was the last car that they have available and that in order to hold it until i made a decision i would have to leave a 100 dollar deposit. He told me i had to sign some papers for them to hold it and if i changed my mind he would just rip up the paperwwork and give me my deposit back, i signed the paperwork and left the deposit and the nexy morning i decided i did not want the vehicle, now i'm worried that they might try to make me go through with the leaase because they have my signature on the paperwork, any help would be greatly appreciated, I live in NY!
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Comments
Deposits are pretty normal - we left a $500 deposit for a car coming in from the factory, and that amount was deducted from the selling price.
If you didn't take delivery (and you didn't), then the deal can be cancelled. You should be able to get your check back.
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