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About Shari
Expertise
I can answer most all your questions regarding financing and leasing of new and pre-owned vehicles. I can give you the dealer secrets to make it a more pleasant experience for you. Also, what you should look for in buying a pre-owned vehicle. You should have all the knowledge possible before walking into a dealership.

Experience
I have owned and operated dealerships for over 30 years. Currently work as a consultant for Dealerships training their sales people. Have a nationwide leasing company.

Education/Credentials
Business Degree

You are here: Experts > Autos > Tips on Buying Cars > Tips on Buying Cars > Deposit

Tips on Buying Cars - Deposit

Expert: Shari - 10/28/2009

Question
My wife and I are purchasing a 2009 car. We have narrowed it down to a 2009 Ford product with 100 KM on it. The salesman mentions a deposit. Is it normal that a deposit be put down? Do you have any problems with a dealership requesting a deposit? If you agree with one, what is normal amount. Total price with everything included is $21,000. Thank you Shari.

Answer
Hello Brian, The only reason you should put a deposit if it is a hard to get vehicle and they have to order it or buy it from anothet dealership. You are talking a deposit not a down payment I am assuming. Deposit is okay if you are dealing with a reputable dealer. You will get it back.

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