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From: eac@druor.UUCP (CveticEA)
Newsgroups: net.legal,net.consumers
Subject: Re: Car Deposit Refundable
Message-ID: <642@druor.UUCP>
Date: Fri, 24-Aug-84 08:53:31 EDT
Article-I.D.: druor.642
Posted: Fri Aug 24 08:53:31 1984
Date-Received: Sat, 25-Aug-84 06:46:59 EDT
References: <2605@mit-eddie.UUCP>
Organization: AT&T Information Systems Laboratories, Denver
Lines: 19

I can think of two reasons why the dealer might be allowed to keep at
least part of the deposit.  The dealer is losing money every day the car
is on the lot.  If someone puts a deposit on a car, and doesn't go
through, the dealer has paid to keep a car on the lot, without being
allowed to sell it.  Also watch out for signing papers when you give
a dealer a deposit "to show good faith".  You are probably signing a 
contract.

My advice--no car is so unique that you can't afford to pass it by.  Shop
around, know exactly what you want to buy, and when you find it, buy it.
If financing is the hang up, arrange for it before you actually walk into
the dealer, or have the dealer put a clause in the contract that says it
is void if you can't obtain financing.  Make sure the dealer doesn't have
the right to provide financing if you can't get your own.  Read
Consumer Report's annual car issue.  They always publish an article on
how to buy a car.

Betsy Cvetic
ihnp4!druor!eac