How do I get a deposit back?
We have more good news for consumers in our latest consumer tips article. This week, Dean has been talking to Clive Bull on LBC’s Consumer Hour Show which answers your consumer questions. This week’s topic involved deposits as Dean highlighted a recent report compiled by the Competitions & Markets Authority (CMA) which says that if you have paid a deposit to a retailer and decide to pull out of the purchase and the retailer or service provider are not out of pocket, then you will be entitled to get your deposit back.
You’ve decided not to buy a car you put a deposit down for
So, if you like the look of a car at a car dealership and put down a deposit but for some reason you decide not to buy that car, the only way to get your deposit back is if the car dealership is able to sell the same car at the price you were going to buy it from them. If they are not at a loss you can ask for your deposit back.
How do you get your deposit back?
If you’ve paid a deposit and then you’ve pulled out, then go back and ask if they have re-sold the product or service. If they have re-sold the product or service, and if they are not at a loss, then you claim your deposit back.
Popular products and services which require deposits:
- Wedding venue hire
- Wedding dress
- Car purchase
- Building work to your home
- Hotel booking
Read more consumer advice articles here.