Can we get deposit back from used car dealer?

[bajajracing]

noob question.. i never buy a car from used car dealer before..
i just put deposit $500 for used car from a dealer.
but i changed my mind..
can i get my deposit back?
any rules about this?
thanks

[Skeptic]

Did you sign a contract?
If you did have a read though it & theres a poor chance you would be able to.

[noobcake]

^^ i believe thats correct.
But you can always try fair trading.

[minircc]

there is usually a 3 day cooling off period when you buy from dealers.
however, you have to make sure the dealer hasn't made you sign a wavier.

[bajajracing]

I haven't. I didn't sign anything.. Even Deposit tax invoice. But i think the salesman will be angry n upset with me..

[flipfire]

Deposits

If you decide that you like a vehicle, and you are asked to pay a deposit, clarify first whether you are paying a holding deposit or a purchase deposit.


A holding deposit does not oblige you to proceed with the purchase - it is simply to ensure that the vehicle is not sold to somebody else while you are considering it.


If you decide to buy the car, the holding deposit may go towards the purchase price. However, if you decide not to go ahead with the purchase, the deposit may be forfeited.


Not all holding deposits are non-refundable - this is a matter for negotiation between yourself and the trader, but make sure you clarify this before paying the deposit.


There is a time limit on the holding deposit and this should be negotiated with the trader also.


A purchase deposit will involve signing a contract to purchase the vehicle (see Signing the Contract below).


If you pay a deposit of any kind, make sure that you are given a proper receipt which details all of the terms and conditions under which the deposit was paid.


There is no set amount for these deposits. Again, it is a matter of negotiation between yourself and the trader as to how much you should pay to secure your interest

Quoted from Consumer Affairs TAS but it should be similar for every state. Also see here

http://www.fairtrading.nsw.gov.au/Consumers/Motor_vehicles/Steps_to_buying_a_car/Finance_and_contracts.html#The_contract_and_deposi t

[bajajracing]

i called them up.. they said it was purchase deposit , and i promised them i'll pay them off after the compliance done . it takes around 5 working days.
oh no... i have to try fair trading then