https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Loan-Preapproval/m-p/4069469#M54639 <P>deposits can be normal and negotiable. I didn't place a deposit for my vehicle, but I was local. Some of my clients couldn't take delivery of the car without the check from my bank in hand. It all depends on the dealer.</P> Fri, 12 Jun 2015 15:04:52 GMT SamsungHDTV 2015-06-12T15:04:52Z https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Loan-Preapproval/m-p/4069369#M54636 <P>Hi guys, not sure if this is the right place to post this question but here goes.</P><P>&nbsp;</P><P>I'm preapproved with my credit union for $30,000 and I have finally found a car for $28,500 however it's out of state. &nbsp;Is it normal to put down a deposit ($1000) to hold the car until the bank funds the loan? I'm asking because the bank is funding 30k we will oh 650 so why wouldn't that be the deposit?</P><P>&nbsp;</P><P>I don't know how quickly the credit union sends money or how the process works with outside financing. Sorry if this is in the wrong place.</P><P>&nbsp;</P><P>Thanks</P> Fri, 12 Jun 2015 14:34:39 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Loan-Preapproval/m-p/4069369#M54636 DeeWill 2015-06-12T14:34:39Z https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Loan-Preapproval/m-p/4069469#M54639 <P>deposits can be normal and negotiable. I didn't place a deposit for my vehicle, but I was local. Some of my clients couldn't take delivery of the car without the check from my bank in hand. It all depends on the dealer.</P> Fri, 12 Jun 2015 15:04:52 GMT https://ficoforums.myfico.com/t5/Auto-Loans/Auto-Loan-Preapproval/m-p/4069469#M54639 SamsungHDTV 2015-06-12T15:04:52Z