Can the deposit be refunded if I don't want the car after paying it?
1 Answers
If you pay a deposit for a car and then decide you don't want it, the deposit cannot be refunded. Relevant regulations on deposits: According to the Contract Law, a deposit is one of the forms of bearing liability for breach of contract. When signing a contract, the deposit must be agreed upon in writing, including the amount of the deposit and the delivery period. If the party paying the deposit fails to fulfill the obligation, it has no right to demand the other party to return the deposit; if the party receiving the deposit fails to fulfill the obligation, it must return double the amount of the deposit to the other party. Methods for refunding the deposit: The best way to get a deposit refund is to negotiate with the 4S store, clearly explaining the reasons for the change of mind. Generally, to maintain consumer relations, minimize damage to the store's image, or avoid losing potential customers over the deposit, most 4S stores will agree to refund the full deposit. If the 4S store takes a firm stance, try negotiating for a partial refund to minimize the loss.