1. I paid a deposit to buy a car but the loan is not approved. Can the deposit be refunded?

If you pay a deposit to buy a car, it is not legally refundable. If it is a deposit, it is legally refundable. Therefore, the sales contract is signed

Extended information:

1) When buying a car, you pay a deposit. If the loan is not approved, the deposit is non-refundable. Deposit means that both parties pay a certain amount of currency to the other party as a guarantee in advance to secure the other party. The amount of the deposit is agreed upon by the parties, but shall not exceed 20% of the subject matter of the main contract.

The debtor shall use it as payment or take it back. If the party who paid the deposit fails to perform the agreed debt and has no right to demand the return of the debt due to the deposit, the deposit shall be returned in double the amount.

2) Application conditions for mortgage to buy a car:

Have a valid identity and provide proof of a fixed and detailed address; have a stable career and the ability to repay the principal and interest of the loan on time; have personal social information to buy a car Contract or agreement; other provisions stipulated by the cooperative agency

3) Things to pay attention to when buying a car with a loan:

1. Hidden fees need to be understood in advance: Generally, this situation occurs at the secondary dealers. When booking a car, Bian Rong asked clearly about the fees included in the total price and whether there are other hidden fees such as new car inspection fees and whether the delivery is provided by the bank to avoid trouble when picking up the car.

2. Installment payment auto insurance binding: If consumers choose a credit card, the merchant will require them to apply for auto insurance for a specified period at a designated insurance company. Consumers should pay attention to whether the auto insurance price is acceptable.

3. Verbal agreements are not guaranteed:

Unless the consumer applies for an unsecured credit loan at the bank, withdraws the money, and goes to the 4S store to buy the car in full, other forms of If you buy a car with a loan, you will not be able to get the full discount for the full payment of the car. At this time, car sellers often promise various discounts to consumers verbally, not just on paper. In order to avoid future problems, consumers need to consider it when choosing a car loan method.

4. The loan amount should be clarified: Generally speaking, the maximum loan amount can be 200,000 yuan with personal credit or joint liability guarantee; when applying for mortgage of purchased vehicle or real estate, the loan amount can be 70%; For third-party guaranteed loan applications (except banks and insurance companies), the loanable amount is 60%.

5. The repayment method should be understood:

Banks generally provide two repayment methods: equal principal and interest and equal principal for users who apply for personal car loans: among them, equal principal and interest are paid The total interest is relatively large, but the repayment amount in each period is the same, and the repayment pressure is dispersed more evenly; the repayment amount in each period for equal amounts of principal gradually decreases. Although the total interest expenditure is less than the equal principal and interest, the initial repayment amount is larger. You should think twice about whether you can bear it.

2. If the car finance review is rejected, can the deposit be refunded?

The deposit will be refunded if the car loan is rejected:

1.

To buy a car with a loan and the mortgage is not approved, the deposit will be refunded. If the amount paid is The deposit is non-refundable;

2.

The deposit means that the parties can agree that one party will pay the other party a deposit as a guarantee for the creditor's rights. After the debtor performs its debt, the deposit shall be used as payment or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to demand the return of the deposit; if the party receiving the deposit fails to perform the agreed debt, it shall return double the deposit;

3.

According to my country's current According to the relevant provisions of the law, it does not have the nature of a deposit, and the party who paid the deposit claims the right to deposit.

3. I paid a deposit to buy a car but the loan is not approved. Can the deposit be refunded?

When you buy a car, you pay a deposit. If the loan is not approved, the deposit is non-refundable. Deposit means that in order to ensure the performance of the debt, the two parties agree that the party shall pay a certain amount of currency to the other party as a guarantee. The amount of the deposit shall be agreed upon by the parties, but shall not exceed 20% of the subject amount of the main contract.

After the debtor performs its debt, the deposit shall be used as the price or recovered. If the party that pays the deposit fails to perform the agreed obligations, it has no right to request the return of the deposit; if the party receiving the deposit fails to perform the agreed obligations, it shall return double the deposit.

Extended information:

Article 115 of the "Contract Law of the People's Republic of China" The parties may agree in accordance with the "Guarantee Law of the People's Republic of China" One party pays a deposit to the other party as a guarantee for the creditor's rights.

After the debtor performs its debt, the deposit shall be used as payment or recovered. If the party paying the deposit fails to perform the agreed debt, it has no right to request the return of the deposit; if the party receiving the deposit fails to perform the agreed debt, it shall return double the deposit.

Article 116 If the parties agree on both liquidated damages and deposit, when one party breaches the contract, the other party may choose to apply the liquidated damages or deposit terms.