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Auto Leasing Cheat Codes: Multiple Security Deposits This deposit is usually refundable, meaning you will get your money back if you change your mind about buying the car. It's worth noting that a down payment is different from a deposit. Customer Returns and Refund Laws by State - FindLaw Vazquez uncovered 10 complaints filed with the Florida Department of Highway and Motor Vehicles against the dealership in less than two years. That's just how Toyota builds cars. Car's deposit | Legal Advice - LawGuru He eventually said that someone was inside after Vazquez pointed out that she could see a person on the telephone in the window behind him. Pursuant to Florida Statutes 718.503, developers/sellers are required to disclose . Powered by WordPress. If you are paying a damage deposit, then the deposit is normally refundable if you return the property without causing any damage. I'm not here to take people's deposit money. Display posts from previous: All postsLast dayLast 7 daysLast 2 weeksLast monthLast 3 months6 MonthsLast year, Sort by AuthorPost time We still dont recognize that sign in. Some dealers may only agree to a conditionally refundable deposit, so ensure that you fully understand and agree to the conditions. The only thing you can do is get your deposit money back. A deposit on a vehicle is not a legally binding contract in most cases. For more information on the benefits of accreditation to The Motor Ombudsman, click here. Save products you love, products you own and much more! Contrary to what some may think, the answer to this particular question is not a flat no, and the reasons for this will now be explored. (Have the sales manager initial the change.) Woodman is pursuing a Bachelor of Science in finance through online education. You should carefully review the contract with all of the terms and conditions of the sale. Refund Process.