Car Deposit Refundable?

[duckJAI]

@polishprince

ok so i see that everyone is saying call the better business bureau and everything but the reality is that you are bound to the deal. You signed a legally binding contract and left a deposit on the vehicle. Contrary to popular belief, there is no “cooling off” period on a contract. You can get out if they cant get you the vehicle that you purchased (out of stock and cant order, etc.) or if you dont get approved at the rate that they quoted you (due to bad credit). The dealer can let you out if they want too but they are not obligated too. Good luck

the OMVIC agent we spoke with said they will be dealing with the dealership as we have escalated the situation.

So are you saying OMVIC is telling us false information that we HAVE to buy the car?

I don’t see how a dealership can FORCE someone to write a cheque for 20gs to buy a vehicle.

All I see is them keeping the deposit AT MOST.