Only deposits paid by wire transfer can be applied to the cost of a vehicle. Deposits authorized by credit or debit card are holds in the form of pending transactions rather than actual charges, so they cannot be applied to the purchase of a vehicle.
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Articles in this section
- Why do I need a security deposit and how to increase the deposit
- Is my security deposit refundable? How to release your security deposit
- Can I use my security deposit to pay for my vehicle?
- I received an e-mail saying that my security deposit has expired. Why?
- I was told my refund had been processed but I haven't received it yet.