Full of Envy

[Outlaw1]

Sounds like I need to park my car at a used car lot.

[93sc]

Originally Posted by Onefast99gsx

Well why didn't you put money down on it the first time you were at the dealer? Like some type of ernest money or something.

I always do that if I find a car I like. On something as cheap as 5-6K they'll usually take $200-$300. More like a refundable deposit than ernest money though.

[Onefast99gsx]

Originally Posted by 93sc

I always do that if I find a car I like. On something as cheap as 5-6K they'll usually take $200-$300. More like a refundable deposit than ernest money though.

Exactly! Once I just put $100 down on a car and they saved it for me. Just telling them you're going to the bank to get a loan isn't good enough. They hear that story 50x a day. How are they to know who is serious and actually coming back.

[Goat Blower]

The hell they are. I only refund deposits if something goes wrong on my end. I always end up losing money if the first buyer doesn't come through.

Steve

Originally Posted by 1ViciousGSX

Deposits are refundable.

[Onefast99gsx]

I'm in the banking business. Ernest money is usually only refunded if loan funding falls through or certain contingencies aren't meant.

Yes, usually ernest money is non-refundable otherwise. It's then considered a fee for the brokers/loan persons time and possible loss of a sale. For example, you put money down on something, somebody came by the next day was going to buy it but the dealer said he can't sell it because there is money down. Then you back out or can't get financing. He loses a possible sale because that 2nd person that was gonna buy it never comes back. Typically it's around $500. Some places might accept less.

[x-pride]

Originally Posted by Conquests

yeah, then get killed by their gang.

No, only if they drive riced out hondas. The DSM asians are by themselves more of freelance with a high power rifle.

[sleepydsm]

Basically I took me putting a deposit down as non refundable. That way if I don't go through, the seller at least gets my deposit for turning away potential buyers. I didnt know if the loan was gonna go through, so I didn want to end up losing what little money I had.

[sleepydsm]

Hmm looks like RK just acquired a 94 Talon Tsi AWD..... big effing middle finger to you if thats the one I nutted over.