Automotive

Is new car deposit refundable?

  • Last Updated:
  • Sep 19th, 2022 7:25 pm
Newbie
May 28, 2015
1 posts
Scarborough, ON
restartRFD wrote: Is there a VIN on the paper you signed? If there is no VIN, it means there is no car you can walk away. This happened to me twice and I used it as bargaining power
Please could you provide more details - such as is there a law that supports the above stand? I'm in the same situation and need to cancel. Just so am well prepared when I speak with the dealership.

Thanks,
Deal Addict
Jun 15, 2021
1783 posts
1640 upvotes
Jasubhai wrote: Please could you provide more details - such as is there a law that supports the above stand? I'm in the same situation and need to cancel. Just so am well prepared when I speak with the dealership.

Thanks,
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Sr. Member
Jan 26, 2011
625 posts
1717 upvotes
jsquared21 wrote: If there is no VIN on the agreement, I'm positive you can back out of the purchase. If you are in Ontario, there is a template on the OMVIC website what to write to have the deposit returned. I used the same template, emailed the dealership and got the deposit returned the next day.
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