Discussions Tagged With: deposit

How to pay for a car from the USA

For how long can my deposit stay on account with Auto Auction website?

The status of your account depends on particular auto auction website's Terms and Conditions. Every company is different and sometimes you can return your deposit asking for refund. In such cases the company may charge some amount for returning. ...

Latest By Jane 26 August 2015. 3 296

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How to pay for a car from the USA

What happens to my deposit, once I make the successful purchase?

Depending on the company's policy your initial deposit may be the part of the full cost. Thus you'll need to cover the balance between deposit and the total amount. Some car auction websites may request to place a security deposit, that will be refunded ...

Latest By Raphael 26 August 2015. 2 292

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How to pay for a car from the USA

How long will it take to credit my account after bank wire transfer has been made?

Usually it takes 5-7 business days, but the time for transferring depends on the bank you're using. You should understand that when you make a bank to bank transaction there are many factors that may influence on period for money crediting. First ...

Latest By Paagrant 26 August 2015. 1 234

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How to pay for a car from the USA

If I bid for a car and don't win, what happens to my deposit?

Most of the auto auction websites require to place a minimum deposit, so you can take part in a live auto auctions. If your bid is not successful, you'll be able to use the same deposit amount towards the next bid to try to win another car. Usually ...

Latest By Paagrant 26 August 2015. 1 191

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How to pay for a car from the USA

Why does an auto auction company require a deposit?

It gives an auto auction website assurance that your intentions to buy a car with the company are serious. Besides, the vehicles are sold very fast on the North American auctions and placing a deposit in advance will guarantee that you can bid for ...

Latest By Paagrant 26 August 2015. 1 214

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How to pay for a car from the USA

How do I place a deposit?

If you would like to place an initial deposit into your auto auction account to buy a car, please familiarize yourself with the possible payments options. Usually auto auction companies give you three mediums for making transfers to your dealer account: ...

Latest By John M 28 July 2015. 0 200

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How to pay for a car from the USA

Can I use a credit card in order to make the payment for the purchase?

Before you make payments for your next vehicle with an auto auction website, request for the company's terms and conditions and make sure that you absolutely agree with them. The methods of payments are settled by each company individually and may ...

Latest By John M 28 July 2015. 0 146

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How to pay for a car from the USA

Is my deposit refundable?

When you are going to buy a used car from any online auction company in the USA or Canada, you might be requested to place a minimum deposit in advance as an assurance that you will pay for your purchase. Usually the minimum deposit amount starts ...

Latest By John M 28 July 2015. 0 353

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