u/bayshon

Dealership asking for a down after signing the lease

I have been eying up a luxury car with a sizable dealership and we have agreed to a very comfortable trade in deal and monthly payment with zero down. The dealership and I have all signed the lease and i have paid the deposit for the first month lease payment + miscellaneous fees for the new car.

The sales department passed it on to their credit department to finalizing the lease but now the credit department is saying my account does not have enough activities and they need a 25k cash down or otherwise no deal. I think it is worth mentioning that the account I provided can comfortably buy the car outright and the approval process is even more strict than my mortgage.

If the dealership eventually said no deal, do I get my deposit back? I can’t help to think that they are trying to make me to break the lease agreement, how do l make them honour the agreed upon contract or at least in what ways can I protect myself? Thanks in advance

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u/bayshon — 3 days ago