Vehicle Deposit Form
Move past a verbal agreement and a number scribbled on a sticky note. Document exactly how much was paid, whether it's refundable, and what has to happen before the vehicle is released or the deposit is returned.
Buyers often assume they have three days to change their mind after putting money down on a car, the same "cooling-off" period they've heard about for door-to-door sales. That rule doesn't apply here: the FTC's Cooling-Off Rule only covers certain sales made away from a seller's regular place of business, and it specifically excludes vehicles sold at a dealership, even at a temporary setup like an auto show. Once a deposit is down, there's no federal right to cancel and get it back automatically.
Whether that deposit comes back at all isn't decided by law either, it's decided by whatever the two parties put in writing. A signed agreement stating a deposit is non-refundable is generally enforceable if the buyer walks away without cause, but a dealership that fails to honor its own terms, such as selling the car to someone else during the hold period, puts itself on the other side of that argument. A verbal promise that "it's refundable" means nothing once there's a signature on a form that says otherwise.
Typeform's vehicle deposit form captures the vehicle's identifying details, the deposit amount and payment method, and the specific conditions under which the deposit is refundable or forfeited, financing falling through, a trade-in inspection failing, or a set hold period expiring, so both sides work from the same written terms instead of a memory of what was said at the desk. Every submitted form becomes a timestamped record of what was paid, what was agreed to, and who signed off on it, the file you want if a deal falls apart or a buyer disputes what they were told about getting their money back.
A vehicle deposit form documents a payment made to hold a specific vehicle before a full purchase or lease agreement is signed. It records the vehicle's identifying details, the deposit amount and how it was paid, the conditions under which the deposit is refundable or non-refundable, and how long the hold lasts before the vehicle can be sold to someone else.
Not automatically. The FTC's Cooling-Off Rule gives buyers a three-day right to cancel some sales made away from a seller's regular place of business, but it does not apply to vehicles sold at a dealership, and it excludes cars sold at temporary locations like auto shows too. Some states have their own cancellation laws that go further, so check your state's rules, but there is no general federal right to cancel a car purchase and reclaim a deposit.
It depends entirely on what the deposit agreement says. There is no law requiring dealerships to make deposits refundable. If the written agreement says the deposit is non-refundable and the buyer backs out without cause, the dealership is generally within its rights to keep it. If the dealership fails to hold up its end of the deal, buyers have a stronger case for getting their money back. This is exactly why the terms need to be in writing rather than a verbal understanding.
Capture enough to document the payment and avoid a dispute later:
- Buyer name and contact information
- Vehicle details: year, make, model, and VIN
- Deposit amount and payment method
- Whether the deposit is refundable or non-refundable, and under what conditions
- The length of the hold period before the vehicle can be resold
- Signature and date
Yes. Typeform's signature question lets buyers and dealers sign by typing, drawing, or uploading their signature, time-stamps it the moment they submit, and locks the response so it can't be changed afterward, generating a PDF you can keep on file. It's available on Typeform's Growth Flow, Growth Custom, and Enterprise plans.
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