Can the deposit for car booking be refunded?
1 Answers
If you have paid a deposit for a car but no longer want it, the deposit cannot be refunded. Below are the relevant details about deposits: Regulations regarding deposits: According to the Contract Law, a deposit is one of the forms of liability for breach of contract. When signing a contract, the deposit must be agreed upon in writing, including the amount and the deadline for payment. If the party paying the deposit fails to fulfill the obligation, they have no right to demand a refund from the other party. If the party receiving the deposit fails to fulfill the obligation, they must refund double the amount to the other party. Methods for refunding the deposit: The best way to get a deposit refund is to negotiate with the 4S store, explaining clearly why you changed your mind. Generally, to maintain customer relations, minimize damage to the store's reputation, or avoid losing potential customers over the deposit, most 4S stores will agree to a full refund. If the 4S store takes a hard stance, try negotiating for a partial refund to minimize losses.