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Can the deposit for a new car be refunded?

4 Answers
McMatthew
07/29/25 8:11pm
It depends on different situations. Below is a partial introduction to refunding the deposit for a new car: 1. Generally, the deposit cannot be refunded: A deposit is a certain amount of money paid as a guarantee before the contract is concluded or performed. If one party breaches the contract, the breaching party who paid the deposit will not get it back; if the party who received the deposit breaches the contract, they must return double the deposit. 2. Under certain conditions, the deposit can be refunded: There are specific conditions for refunding the deposit, such as when an agreement cannot be reached on the contract terms. Additionally, the contract must be signed within the period stipulated in the subscription agreement, and proof of this is required to get the deposit refunded. Furthermore, for projects like internal subscriptions that lack a sales license or property certificate, since they do not meet the sales conditions, the deposit can be refunded under any circumstances without extensive evidence collection, and legal action can be taken directly. Moreover, judicial interpretation stipulates that if the agreed deposit exceeds 20% of the principal contract amount, the excess portion will not be supported by the court, and the overpaid amount can be refunded.
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DiMary
08/14/25 4:29pm
Last time I went to buy a new car, I impulsively paid a 20,000 yuan deposit. After getting home and thinking it over, I realized the model was too expensive and not suitable for me, but getting a refund turned out to be difficult. The salesperson outright said the deposit wouldn't be refunded if I changed my mind. I quickly checked the contract and saw it stated that the buyer forfeits the deposit if they back out, but the seller would pay double if they defaulted. In the end, after much persuasion and negotiation, they reluctantly agreed to refund half. My advice is to thoroughly research the car model details and clearly write the cancellation policy into the contract before committing to a purchase, to avoid unnecessary losses like mine. Buying a car is a big decision—don't rush into paying. It's better to compare offers from multiple dealerships. Remember, the term 'deposit' (定金) in contracts is usually non-refundable, while 'reservation fee' (订金) can sometimes be negotiated. A single word difference can really trap you.
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PenelopeLee
10/16/25 3:00am
I've come across many car purchase cases where deposit issues can indeed be tricky. As part of the contract guarantee, deposits are generally non-refundable if the buyer backs out, but refundable if the seller makes mistakes like vehicle defects or delivery delays. The key lies in the signed agreement terms - for instance, wording it as 'booking fee' offers more flexibility. I recommend clarifying the dealership's refund policy in advance, using 'booking fee' instead of 'deposit' in contracts, or adding a cooling-off clause. If unfortunately withheld, seek help from consumer associations or lawyers to protect your rights. Ultimately, spending more time reviewing contract details before purchasing helps avoid major losses for minor gains. This amount isn't trivial - cautious decision-making is always wise.
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SanJuliana
11/29/25 3:46am
When dealing with financial matters, I always focus on the risk of loss. The deposit usually accounts for 5%-10% of the car price, and if you change your mind, it's gone. For example, if you suddenly face financial difficulties after placing an order for a new car, the non-refundable deposit could cause significant losses. It's advisable to confirm the possibility of a refund when signing the contract, such as requesting a 'refundable deposit' clause, and keeping all communication records. Additionally, test drive the car to confirm its condition before rushing to pay. If you've already paid by accident, try negotiating amicably, emphasizing objective reasons—you might recover some of the money. It's better to be cautious and spend money wisely.
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