- Jul 25, 2022
- 4
- 0
- Awards
- 1
- First Name
- Kien
A customer did not pay for their first payment, and now I have to repurchase the car. Does the dealer have to refund the initial down payment to the customer, or does the dealer get to keep it?
Dealer Buyback/ Customer payment default
- Thread starter edencars.baltimore
- Start date
- Sep 27, 2025
- 3
- 0
- Awards
- 1
- First Name
- Pierce
From what I’ve seen, it usually depends on how the contract is written.
In many cases, if the buyer defaults right away, the dealer keeps the down payment to cover the loss
In many cases, if the buyer defaults right away, the dealer keeps the down payment to cover the loss
