Deposit on car

Asked by Oct 12, 2019 at 08:07 AM about the Aston Martin Vantage

Question type: Car Selling & Trading In

A potential buyer contacted me through cargurus and wants to put a deposit
down to hold the car. How does that work?

1 Answer

80,045

Best way is to meet the buyer someplace, have him test drive and inspect the car, and take his deposit with parameters of how long he has to complete the purchase. You could have him send you a check or a credit number if you can process those, but checks take time to clear and this probably will prolong the sale of the car.

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