Deposit Terms
- Deposit: A non-refundable deposit is required to reserve any vehicle.
- Purpose of Deposit: The deposit secures the vehicle for the buyer and initiates the sales process.
- Non-Refundable Clause: The deposit is non-refundable under all circumstances, including but not limited to:
- Change of mind by the buyer.
- Inability to secure financing.
- Failure to complete the sale for any reason.
- Duration of Reservation: The vehicle will be held for a period of 7 days from the date the deposit is received. If the sale is not completed within this timeframe, the deposit will be forfeited.
- Application to Purchase Price: The non-refundable deposit will be applied to the total purchase price of the vehicle upon completion of the sale.
- Transferability: The deposit is non-transferable and may not be assigned to another party.
- Acknowledgment: By placing a deposit, the buyer acknowledges understanding and acceptance of these terms.