dealership

[alma]

On February 14,2014 I went to a dealership to purchase a car and I left $2000 for dwn payment. I drove off the lot with the car, and now on April 8, 2014 they call me and tell me that I have to take the car back to the dealership because the bank didn't approve me. What can I do? Will I get my deposit back?

 

[Proserpina]

You should, yes.

Does your contract say anything specifically?

 

[mightymoose]

Check your contract for a clause that addresses this. There will be a specific time period in which the dealer has the right to rescind the deal. If you are still within that time frame you need to return the car. You will not get a full refund from your deposit. They will subtract from it a usage fee for the period you had the car, which is likely in the contract as well.
If that time period has elapsed then the return of the vehicle may be optional. You can return it and be off the hook for the financing, or keep it and let them finance it (I assure you they can find a way).
Read the contract thoroughly and understand your options.