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Old 03-26-2015, 08:29 AM   #11
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Originally Posted by fonzie View Post
I would secure financing before putting any deposit on a unit......
Exactly. I'm not sure what some of you guys think a deposit is for??? If I put a deposit on something, I either buy the item or lose the deposit. One time in my life I put a deposit on something- a Harley Davidson motorcycle- and got it back- and then only because they were sure they could trade what I wanted from another dealer but they couldn't get it.
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Old 03-26-2015, 12:21 PM   #12
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Originally Posted by StoneyG View Post
I would expect to get the $500 back if they are unable to provide financing.
I agree
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Old 03-26-2015, 12:37 PM   #13
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I must say I am still perplexed by this "if they are unable to provide financing" mentality. YOU are responsible for your creditworthiness- not the dealership. Whether or not YOU can get financing has NOTHING to do with what the dealer is ABLE to do. Now- IF the dealer has pre-approved you and THEN they can't provide financing, you might have a case- given you haven't done something to damage your credit from the time you are pre-approved and taking delivery.
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Old 03-26-2015, 02:46 PM   #14
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Question: Was the financing being arranged through your dealer? If it was, you should get your $500.00 back. In no way should you be held responsible for the whole price. If you were arranging your own financing...Did your sales agreement say "subject to financing"? Then you should get your deposit back. Actually under any circumstance if yo cannot finance it it is in the dealers best interest to give your deposit back. After all if he does not, you have sites like this to "let everyone know what a BAD (other words come to mind) dealer he is"
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Old 03-27-2015, 03:40 PM   #15
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When you put a deposit on a house and then you can't get financing you get the deposit back.
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