# are deposits on vehicles from the dealer refundable? **URL:** \ **Category:** Shift518 Automotive\ **Created:** [October 22, 2011, 11:18am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971 "2011-10-22T11:18:31Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Hang\_Your\_Cross](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hang_your_cross/32/6381_2.png) [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)\ **Post date:** [October 22, 2011, 11:18am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/1 "2011-10-22T11:18:31Z")
:shifty ---
**Author:** ![dbiker207](https://avatars.discourse-cdn.com/v4/letter/d/8dc957/32.png) [@dbiker207](https://forums.speedlife.net/u/dbiker207)\ **Post date:** [October 22, 2011, 12:23pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/2 "2011-10-22T12:23:24Z")
If u backed out of the deal then no, deposits are a commitment to buy so the seller will hold the item for you… if the dealer backed out of the deal for some reason the u should get it back ---
**Author:** ![looksexyS2000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/looksexys2000/32/6666_2.png) [@looksexyS2000](https://forums.speedlife.net/u/looksexyS2000)\ **Post date:** [October 22, 2011, 12:23pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/3 "2011-10-22T12:23:35Z")
> [@G8 1/4 mile track vid](https://forums.speedlife.net/t/g8-1-4-mile-track-vid/45961/61): > > :shifty yes; unless you special ordered a vehicle ---
**Author:** ![looksexyS2000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/looksexys2000/32/6666_2.png) [@looksexyS2000](https://forums.speedlife.net/u/looksexyS2000)\ **Post date:** [October 22, 2011, 12:24pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/4 "2011-10-22T12:24:52Z")
> [@On another topic](https://forums.speedlife.net/t/46161/2): > > If u backed out of the deal then no, deposits are a commitment to buy so the seller will hold the item for you… if the dealer backed out of the deal for some reason the u should get it back in nys if you put a deposit on a vehicle you can always get it back unless you ordered a specific vehicle ---
**Author:** ![Hang\_Your\_Cross](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hang_your_cross/32/6381_2.png) [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)\ **Post date:** [October 22, 2011, 12:43pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/5 "2011-10-22T12:43:46Z")
> [@What does a blonde do after a serious car crash?](https://forums.speedlife.net/t/what-does-a-blonde-do-after-a-serious-car-crash/18400/22): > > yes; unless you special ordered a vehicle it was a car they had on the lot. a very common car, that they had more than one of. the new car dealership is refusing to refund my money. ---
**Author:** ![underboosted](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/underboosted/32/6424_2.png) [@underboosted](https://forums.speedlife.net/u/underboosted)\ **Post date:** [October 22, 2011, 12:59pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/6 "2011-10-22T12:59:32Z")
I put a deposit on a truck then bought mine the next day. Got the deposit back. They didn’t have a problem with it but the salesman was PISSED. ---
**Author:** ![Hang\_Your\_Cross](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hang_your_cross/32/6381_2.png) [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)\ **Post date:** [October 22, 2011, 1:39pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/7 "2011-10-22T13:39:03Z")
i just emailed the sales manager who is playing hard ball. told him that i contacted my bank, the AG, and will be contacting Acura customer relations and BBB on monday if he doesnt email me back meeting my demands. ---
**Author:** ![underboosted](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/underboosted/32/6424_2.png) [@underboosted](https://forums.speedlife.net/u/underboosted)\ **Post date:** [October 22, 2011, 1:46pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/8 "2011-10-22T13:46:55Z")
Let me guess? Northeast acura? ---
**Author:** ![looksexyS2000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/looksexys2000/32/6666_2.png) [@looksexyS2000](https://forums.speedlife.net/u/looksexyS2000)\ **Post date:** [October 22, 2011, 2:37pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/9 "2011-10-22T14:37:37Z")
> [@\*\*\*\*Official: Southgate Meet Thread\*\*\*\*](https://forums.speedlife.net/t/official-southgate-meet-thread/29171/1689): > > it was a car they had on the lot. a very common car, that they had more than one of. the new car dealership is refusing to refund my money. if its northeast acura… i buy cars there every week let me know if you want me to talk to the manager ---
**Author:** ![HudsonFalcon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/hudsonfalcon/32/6460_2.png) [@HudsonFalcon](https://forums.speedlife.net/u/HudsonFalcon)\ **Post date:** [October 22, 2011, 2:40pm UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/10 "2011-10-22T14:40:49Z")
Per NYS law if no contract is signed then you get your deposit back. It’s merely a sales tactic to get you back in the door for further negotiations. ---
**Author:** ![Boost\_Creep](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boost_creep/32/6366_2.png) [@Boost\_Creep](https://forums.speedlife.net/u/Boost_Creep)\ **Post date:** [October 24, 2011, 6:56am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/11 "2011-10-24T06:56:05Z")
Northeast Acura shady? ---
**Author:** ![SRS\_BZNS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/srs_bzns/32/6375_2.png) [@SRS\_BZNS](https://forums.speedlife.net/u/SRS_BZNS)\ **Post date:** [October 24, 2011, 7:12am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/12 "2011-10-24T07:12:39Z")
Certain parts of Northeast are Shady. Certain guys there are real good dudes. Most places have signs or have you sign a paper for the deposit. If they had either you are fucked, at my store we have signs right on our desks that say all sales and deposits are final and it is printed again on the reciept you get when making any kind of deposit or payment and we will still work with someone who isnt happy with their purchase or deposit ---
**Author:** ![jdaniels](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jdaniels/32/6399_2.png) [@jdaniels](https://forums.speedlife.net/u/jdaniels)\ **Post date:** [October 24, 2011, 7:22am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/13 "2011-10-24T07:22:33Z")
Your signs and papers don’t override the law, though. ---
**Author:** ![SRS\_BZNS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/srs_bzns/32/6375_2.png) [@SRS\_BZNS](https://forums.speedlife.net/u/SRS_BZNS)\ **Post date:** [October 24, 2011, 7:24am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/14 "2011-10-24T07:24:43Z")
Actually it would if the customer signed because it is entering into a binding contract with the dealer. if there is a law and you sign something stating that you waive your right to said law to enter a contract with XXXX that paper will hold up in court ---
**Author:** ![Boost\_Creep](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boost_creep/32/6366_2.png) [@Boost\_Creep](https://forums.speedlife.net/u/Boost_Creep)\ **Post date:** [October 24, 2011, 7:28am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/15 "2011-10-24T07:28:03Z")
Lawyers ITT ---
**Author:** ![jdaniels](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jdaniels/32/6399_2.png) [@jdaniels](https://forums.speedlife.net/u/jdaniels)\ **Post date:** [October 24, 2011, 7:38am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/16 "2011-10-24T07:38:54Z")
ITT replies ITT. ---
**Author:** ![jdaniels](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jdaniels/32/6399_2.png) [@jdaniels](https://forums.speedlife.net/u/jdaniels)\ **Post date:** [October 24, 2011, 7:44am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/17 "2011-10-24T07:44:11Z")
> [@Hello Everyone. Westcheter NY here.](https://forums.speedlife.net/t/hello-everyone-westcheter-ny-here/46169/17): > > Actually it would if the customer signed because it is entering into a binding contract with the dealer. if there is a law and you sign something stating that you waive your right to said law to enter a contract with XXXX that paper will hold up in court Yea, I’m pretty sure that wouldn’t hold up if it were an actual law. Unfortunately, there isn’t a law that says they need to refund your deposit if you don’t purchase the item. ---
**Author:** ![crazybrew609](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/crazybrew609/32/6319_2.png) [@crazybrew609](https://forums.speedlife.net/u/crazybrew609)\ **Post date:** [October 24, 2011, 7:56am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/18 "2011-10-24T07:56:12Z")
well this is a huge gray area, and the dealer has all the rights in this case. the dealer is legally supposed to give you your money back if they fail the acquire financing for you. if they acquire financing for you and you didn’t qualify for the rate they used to work your deal, so the payment goes up, the dealer could keep the deposit. if you were coming in with a check for the dealer and then decided for whatever reason that you didn’t want the car, the dealer (if written into their buyers agreement) is allowed to keep the deposit or up to 15% of the price of the vehicle as a “re-stocking fee” really it’s up to the dealership as to what they do. some follow the rules to a T so they get to keep your money, others will give it back if the deal is dead. but by law you lost all your rights to the deposit once you signed the buyers agreement in the beginning of the process. ---
**Author:** ![crazybrew609](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/crazybrew609/32/6319_2.png) [@crazybrew609](https://forums.speedlife.net/u/crazybrew609)\ **Post date:** [October 24, 2011, 7:58am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/19 "2011-10-24T07:58:39Z")
> [@WTB: 94+ Integra Wiper Arm (FOUND)](https://forums.speedlife.net/t/wtb-94-integra-wiper-arm-found/46156/2): > > Per NYS law if no contract is signed then you get your deposit back. It’s merely a sales tactic to get you back in the door for further negotiations. i will never let a customer leave with a deal they said “yes” to without signing a buyers agreement. it doesn’t have to be a bank contract, but it is a way to get customers to agree to the numbers of the deal and let the banks figure out the payment. which does indeed bind a customer to a deal ---
**Author:** ![jdaniels](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jdaniels/32/6399_2.png) [@jdaniels](https://forums.speedlife.net/u/jdaniels)\ **Post date:** [October 24, 2011, 8:14am UTC](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971/20 "2011-10-24T08:14:19Z")
> [@FF: Gas grill](https://forums.speedlife.net/t/ff-gas-grill/46168/6): > > the dealer (if written into their buyers agreement) is allowed to keep the deposit or up to 15% of the price of the vehicle as a “re-stocking fee” It doesn’t have to be written into the buyers agreement at all. Per BBB Upstate NY website: > Many consumers are under the false impression that there is a law which entitles them to a refund made on a car deposit if they choose not to buy the car. > > There is no such law. > > Car deposits are non-refundable, unless the contract or sales receipt specifically contains a refund policy. > > Before signing on the dotted line or making a deposit, inquire what the dealership’s policy is. If the contract does not contain a refund policy on car deposits, you may request one be written in the contract, or be written on an addendum attached to the contract. [Next page](https://forums.speedlife.net/t/are-deposits-on-vehicles-from-the-dealer-refundable/260971.md?page=2)