Can a car dealer return a down payment?

If you back out of the deal, will the car dealer return your down payment? I want to put a down payment on a car, but I have some concerns about it.

“Yes, the dealer will return your down payment, but only if it’s within the terms of the contract.
Legally, the dealer can cancel the purchase order up to 10 days after you buy the vehicle. As part of this agreement, you have to return the car and the dealer has to return your down payment.”
Eric Schad
Answered on Jul 01, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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