Reply to Two Questions Re: Purchasing A Used Vehicle 🚙🚙

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I can’t imagine a dealer not holding a car for you for 2-3 days if you give them a deposit. Also, not returning the deposit sounds almost criminal. If you are new to dealing with used car salesmen ask your step dad to help out. [/quote]

Think of it from teh dealers' side -- if anyone can come in, leave a $1k refundable deposit,and now the dealer can't sell that car to someone who walks in an hour later ready to do a deal, then people could abuse it. Find cars they like at 3 different places, and put refundable deposits on each. THe deposit is meaningless then.[/quote]

OP HERE:
Thank you to everyone on here who has responded thus far.
It appears that even though the miles are low, buying an eleven-yr. old car would be a huge risk.
I am seriously reconsidering my purchase thank goodness‼️

I did offer the dealer a non-refundable deposit vs. financing, but looking at it the next day I do not think this would be such a wise move after all.
And yes - if the dealer gets a cut of the financing then I can see why the car salesman pressured me to finance.
However I do not want to go that route.
I prefer paying in cash because I want to avoid the hassle of time filling out paperwork, waiting around, verifying my info, more waiting….and so forth. 😬🙄[/quote]

They will probably make you wait around and do some paperwork anyway. For example, when paying cash (check counts as cash) they need to report it to the IRS for anti-money laundering. But just bring a good book and just be patient and wait. If you want it to go faster, go in mid-day during the week -- things are slow then and you can get in and out in an hour ideally.

Just be firm about not wanting to finance, don't claim it's due to paperwork because they will have an excuse for that. Just tell them you don't want to take on any more debt and that's that.[/quote]

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