Vehicle Down Payment Refund

Summary

In the USA, whether a dealership can keep your down payment depends on the terms of your contract and state laws. If the contract is canceled due to financing issues, the dealer is usually obliged to return the down payment. However, this can vary based on specific circumstances and state regulations. Consulting a local attorney is recommended for detailed advice.

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Tony
Hello, Tony. I'm here to provide you with legal information. Could you please elaborate on the legal issue you're seeking assistance for?
I put a down payment on a vehicle after being approved for the loan. * weeks later, the lender decides not to provide the loan. I’m returning the vehicle and I’m requesting my down payment back. Can the dealership keep my down payment
Hello Tony. To better assist you, could you please tell me from which country you are seeking this legal information?
Usa
Hello Tony. In the USA, if the contract is cancelled due to financing, the dealer is usually obliged to return the down payment. However, it can depend on:
- Your contract terms
- State laws
- Specific circumstances
You should consult with a local attorney for detailed advice.
USA
Hello Tony,
- In the USA, whether or not a dealership can keep your down payment depends on the contract terms.
- If not addressed in the contract, state law applies. Some states require return of down payments.
- Consult a local attorney for more specifics.