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Car (Vehicle) Deposit Receipt Template

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Car (Vehicle) Deposit Receipt Template

Updated July 11, 2022

A car (vehicle) purchase deposit receipt is written proof that a potential buyer of a car has supplied the seller with a deposit. Putting a deposit or downpayment on a vehicle means the seller/dealership is obliged to take the vehicle off the market to give the buyer time to make arrangements for the full payment of the vehicle.

If the buyer does not return, the deposit is forfeited. If the sale goes through, the deposit will go towards the down payment of the vehicle. A deposit receipt should have the buyer’s information, the seller’s information, the vehicle information, the deposit amount plus the total purchase amount of the vehicle, and both the current date and the date upon which the buyer must return to make the full payment and/or sign a purchase agreement.