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?

Thanks!

Technorati Tags: , , , ,

Like this post? Subscribe to my RSS feed and get loads more!