I have to put a deposit of $1,000 on this new car that isn't due out until October/November. I'm curious if this will go towards my down payment.
2007-05-30 04:52:24 · 5 answers · asked by Audi Princess 2 in Cars & Transportation ➔ Buying & Selling
yes .. please say you didn't buy a Audi
2007-05-30 04:58:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1 - Down payments are NOT refundable at the end of the lease. You are confusing a down payment with a security deposit. They are two completely different things. A LEASE is not the same thing as a rental. A down payment is required for two reasons. It gives you skin in the game. It shows the lender that you are willing and you have the ability to invest your own money into the car in order to drive it for the next three years. It also reduces the amount of money you pay each month. The more you pay up front the less you owe in the end.
2016-04-01 04:58:19 · answer #2 · answered by Flor 4 · 0⤊ 0⤋
Wow...that's a lot of money to hold a car. The money will be applied to your down payment. Make sure to hold the receipt just in case, but you should be fine. Basically, they are holding a ton of your money so that you don't go to the dealer up the street and find the car that you want in stock and buy it from them.
2007-05-30 04:56:28 · answer #3 · answered by Jay P 7 · 0⤊ 0⤋
Yes, your deposit will come off the purchase price of the car.
2007-05-30 04:56:27 · answer #4 · answered by Papou 3 · 0⤊ 0⤋
I like corn flakes...
2007-05-30 05:04:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋