Getting your money back?
When buying you place a deposit then must finance the rest, and find out you can't borrow the rest. would you expect to get your deposit back?
Forum Discussion
About 4 years ago we attempted to purchase a new camper. We wrote a check for $1000 as a deposit and then had to wait for the credit. Our credit was good, but the loan was denied because the dealer valued the new camper higher than what the finance company thought it was worth. Dealer told us we'd have to come up with the difference and then we could finance. We chose not to take that route. We got our check back. It was never cashed.
2 years later we tried again (different dealer, different trailer). Same thing $1000 deposit check. Finance went through, check was not cashed until we signed the finished paper work. Check was included in the bundle of papers. About a week later, the check cleared the bank. Everyone was happy.
2 years later we tried again (different dealer, different trailer). Same thing $1000 deposit check. Finance went through, check was not cashed until we signed the finished paper work. Check was included in the bundle of papers. About a week later, the check cleared the bank. Everyone was happy.
