Getting your money back?

In most cases, a Deposit, takes the item off the market until the deal is closed. Would you want someone to give you a Deposit, cause you to miss sales during the time the deal is being transacted, and then want the deposit returned when the purchaser could not complete the transaction? For this reason, I feel no one should put a Deposit up unless they "know" they can fulfill their end of the contract.

I hope so, best advice is don't put down any money. I thought people that need financing got pre-approved before buying.

What was the purpose of the deposit?

Depends! What does your contract say. If the seller is decent they will, but if there is a clause in your contract that says you will or will not get monies back in the event of not being able to finance, that should be the rule. I am no lawyer, but I know with homes there usually is that clause.

Depends on what is written in the contract. I would not put down a deposit unless the contract specifies the deposit is refundable completely or with the exception of a small fee to cover the dealer expenses associated with a failed sale.