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
Thinking back in retrospect: I think the deposit is to ensure you (the purchaser) will not willy-nilly decide to back out of the deal (for whatever reason). If you do, they keep the money.
If though, the dealer falls through (not your fault), as in my case when the dealer over priced the camper and the loan company denied the loan based on the dealer price (not my credit), the dealer gave us our check back as the deal fell through and it was not our choice. We just choose not to go forward with a new deal. At that point, the original "contract" was void. They gave us our check back.
If though, the dealer falls through (not your fault), as in my case when the dealer over priced the camper and the loan company denied the loan based on the dealer price (not my credit), the dealer gave us our check back as the deal fell through and it was not our choice. We just choose not to go forward with a new deal. At that point, the original "contract" was void. They gave us our check back.
