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Tips on Buying Cars/Deposit
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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.
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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Tips on Buying Cars
Answers by Expert:
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
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