Auto Loan Preapproval

[DeeWill]

Hi guys, not sure if this is the right place to post this question but here goes.

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.  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?

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.

Thanks

[SamsungHDTV]

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.