Deposit to put a car at a dealership on hold…?
We are in the process of buying a new car from an authorized dealer.
The car we want is hard to find. I have searched online inventories of dealers within our state and within the neighboring states and have found 1 with the exact specs we want.
I called the dealership, got a price from them (invoice, although not in writing yet). We are planning to go get the car on Monday. The dealer wants me to give him a 0.00 deposit over the phone for him to hold the car until I come and get it. I understand why he would want to do this.
My question is… is there anything I need to do before I give him my 0 deposit by credit card over the phone? Is this the usual practice? Is there any danger to this??? Any advice?
Like this post? Subscribe to my RSS feed and get loads more!