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      10-20-2011, 02:08 PM   #51
Major General

Drives: 2006 S2000
Join Date: Apr 2010
Location: Boston

iTrader: (1)

Originally Posted by ceb View Post
Totally and completely incorrect. The deposit is refundable.

Here is an exerpt from the MA code:

(9) It is an unfair or deceptive act or practice for a dealer to fail to refund the full amount of a purchaser's deposit promptly when:

(a) The purchaser cancels the motor vehicle purchase contract before it has been accepted by an authorized dealer representative;

(b) The dealer and the purchaser have agreed to make the contract subject to the purchaser's ability to obtain financing of his or her choice and the purchaser cannot obtain such financing after exerting reasonable efforts to do so;

(c) The dealer does not accept the contract;

(d) The dealer fails to deliver a motor vehicle to the purchaser which conforms to the terms of the contract; or

(e) The purchaser cancels the contract because the dealer has failed to deliver the vehicle to the purchaser within the time period specified in the contract, or, if no time period is specified, within eight weeks after the date of the contract, unless the delay is caused by acts beyond the control of the dealer and manufacturer."
you dont see a word CONTRACT in there ? of course there is a contract, otherwise you are just giving money to a random person....

you sign a contact, you leave the deposit, deposit is NOT refundable, and dealer CANNOT sell the car during specified time frame in contract.