£500 deposit paid. Order cancelled after 8 working days. Do I forfeit my deposit?
2007-06-12 11:36:20 · 11 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
legally yes
but try your best to have a good reason like loss of job etc
2007-06-12 11:38:54 · answer #1 · answered by q6656303 6 · 0⤊ 0⤋
Yes, that is what a deposit is about, unless it was a private deal? If you signed then you have had it.
I did this on a much smaller scale, birthday party and wrote a cheque. I asked the bank to cancel this for me, they agreed but when they found out it was a deposit, they settled it!
You will have to take the car or accept the £500 loss, bad news.
2007-06-12 18:41:30 · answer #2 · answered by Ylang-Ylang 6 · 0⤊ 0⤋
After 8 days, it should be possible for the dealership to cancel the order, chances are very good car has not been started yet. Therefore, they should (in good faith) be willing to return your deposit, IF you have a valid reason for needing to undo the deal. Just be sure to tell them that when you are able to purchase a vehicle, you will return to them, and then DO SO !!!
2007-06-12 18:42:22 · answer #3 · answered by Erin P 2 · 0⤊ 0⤋
depends on the terms and conditions of the contract you signed up to when you agreed to buy the car and put down the deposit. Its worth checking the small print of the agreement you signed but I would generally say yes you lose the deposit
2007-06-12 18:39:02 · answer #4 · answered by lukee 5 · 0⤊ 0⤋
You would at my dealership.
Any time someone puts up a deposit to order a car and then backs out, they lose their deposit.
2007-06-12 18:46:40 · answer #5 · answered by ? 7 · 0⤊ 0⤋
depends on terms and conditions but usually deposit is forfeited if not cancelled after certain amount of time ... read the rules!!!
2007-06-12 18:44:48 · answer #6 · answered by Indiana Frenchman 7 · 0⤊ 0⤋
I f you signed upon the dreaded dotted line, or even shook hands with the dealer then sadly you have had it mate
Then again you can always ask yourself "Was it a good bye"
Answer yes, goodbye to my deposit
2007-06-12 18:49:21 · answer #7 · answered by LONE WOLF 1 · 0⤊ 0⤋
I am sure you will lose it but as suggested appeal to the good will of the seller but business is business.If you cant get it back try to get them to hold it on record for a possible future purchase.. Good luck
2007-06-12 18:59:09 · answer #8 · answered by JOHN F 2 · 0⤊ 0⤋
If you ask nicely, they may refund it as a goodwill gesture, but from their point of view, they have to cover any costs that they have incurred as a result of your order.
2007-06-12 18:45:35 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yes.
2007-06-12 18:38:30 · answer #10 · answered by ? 7 · 0⤊ 0⤋