Can the deposit for a car purchase be refunded if I change my mind?
1 Answers
If you have paid a deposit for a car purchase and no longer want it, the deposit cannot be refunded. However, a booking fee can be refunded. Regulations regarding deposits: According to Article 89 of the "Guarantee Law of the People's Republic of China": The parties may agree that one party shall pay a deposit to the other party as security for the claim. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; if the party receiving the deposit fails to perform the agreed debt, it shall return double the amount of the deposit. Precautions when paying a deposit: First, clarify whether you are paying a deposit or a booking fee. If it is a deposit, not purchasing the car constitutes a breach of contract, and the recipient of the deposit has no obligation to return it, meaning the 4S store will not refund the deposit, and the court will not support a refund claim. If it is a booking fee, which does not have the nature of a deposit, legally, even if the party paying the booking fee breaches the contract, the recipient should still return it.