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What is used car refundable deposit?

A refundable deposit placed when buying a used car to secure the deal and potentially cover any damages or issues post-purchase.

Who is required to file used car refundable deposit?

Buyers or sellers of used cars may be required to file a refundable deposit depending on the terms of the sale agreement or dealership policies.

How to fill out used car refundable deposit?

The deposit is typically filled out in a written agreement form provided by the seller or dealership, outlining the agreed-upon terms of the deposit.

What is the purpose of used car refundable deposit?

The purpose of the deposit is to secure the sale of the used car, protect the seller from potential losses or damages, and ensure commitment from the buyer.

What information must be reported on used car refundable deposit?

The deposit amount, terms of refund or application, buyer and seller information, and details of the used car transaction.

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