Yes, you can usually put a car on hold, but it's not a standardized process and depends entirely on the dealership's policy. The most common and effective way is to place a refundable deposit. This payment, typically ranging from $200 to $1,000, acts as a good-faith gesture to show you're a serious buyer and incentivizes the dealer to take the car off the market for a specified period, usually 24 to 72 hours.
This practice is more common with new cars or used cars that are in high demand. For a vehicle already on the lot, a deposit might hold it for a day or two while you finalize financing or insurance. For an incoming vehicle still in transit, a deposit might reserve it for you until it arrives.
It's crucial to get the agreement in writing. A simple receipt or a signed document should state the exact holding period, the deposit amount, and the conditions for a full refund. Without written proof, a verbal agreement is difficult to enforce. Be aware that during peak shopping seasons or for highly sought-after models, dealers may be less willing to hold a car without a significant non-refundable deposit, as they risk losing other potential sales.
| Factor | Typical Details | Why It Matters |
|---|
| Deposit Amount | $200 - $1,000 (refundable) | Shows commitment; amount may be higher for luxury/exotic cars. |
| Holding Period | 24 - 72 hours | Gives you time to secure financing, get an insurance quote, or sleep on the decision. |
| Written Agreement | Essential for refund terms | Protects you; specifies the exact conditions under which you get your money back. |
| High-Demand Models | Harder to hold; may require non-refundable deposit | Dealer has little incentive to wait when other buyers are ready. |
| Online Reservations | Common for brands like Tesla, Rivian | Functions as a formal hold, often with a non-refundable fee after a certain point. |
