Legal Question in Consumer Law in New York

If I put a down payment on a new car and my loan get rejected, can I get my down payment back?


Asked on 9/19/09, 12:26 pm

1 Answer from Attorneys

Michael Markowitz Michael A. Markowitz, PC

It depends on the contractual language used when you gave the deposit. If the deposit is non-refundable, the answer would be no. If the contractual language makes the deposit contingent on you obtaining a loan, then the answer would be yes.

Mike.

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Answered on 9/24/09, 2:03 pm


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