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I walked away from a dealership that wouldn't put in writing that my $500 deposit was fully refundable. $500 is bad enough, but $5,000 is ludicrous! In some states deposits must be refundable by law. I'd look into it before offering any deposit. If they insist on a deposit and your state doesn't protect you, I recommend that you try to negotiate the price down. $500 to $1,000 seems reasonable.
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