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Deposit Policy

FORWAY MOTORS, INC. DEPOSIT POLICY
The deposit receipt, bill of sale, oral agreement or other purchase agreement will state the terms of the deposit.  Deposits as a general policy are refundable, unless:

Forway Motors Specific Vehicle Purchases for Customer's Outside of Current Dealer Inventory

Forway Motors, Inc. routinely purchases vehicles based on a customer’s specific request.  In the event a vehicle is purchased specifically for a customer, deposits are NON-REFUNDABLE and your deposit receipt or bill of sale or oral agreement or other purchase agreement for the vehicle will reflect this.  The reason for this is that there is a cost for procuring a vehicle (auction fees, bank fees, cleaning fees, transport fees, etc.) and a cost to dispose of a vehicle should the purchase not be completed.  In the event the deposit exceeds any damages (costs incurred in procuring and reselling the vehicle) incurred by Forway Motors, Inc., plus a $300 flat charge, Forway Motors, Inc. may in its discretion return any remaining funds, but is not required to do so.  Do not request a car to be purchased or leave a deposit for a car you do not intend to purchase and be sure that you understand the nature of the vehicle being purchase, its condition and the terms of the purchase, including taxes, registration and other associated fees prior to leaving a deposit.  By leaving a deposit you are stating that you are aware of this policy in its entirety. Understand that in the situation of a specific Customer request, the vehicle, that Forway Motors is relying on you, the Customer, to complete the purchase.  Only in following circumstances will your non-refundable deposit be refunded in part or in full:

FOR ANY VEHICLES PURCHASED FOR A CUSTOMER, IT WILL NOT BE GROUNDS FOR RETURN OF A DEPOSIT IN A SITUATION WHERE SEEKS TO OBTAIN FINANCING OR FUNDS THEMSELVES AND THE CUSTOMER IS NOT ABLE TO DO SO. THERE IS NO REQUIREMENT FOR FORWAY MOTORS TO OBTAIN AND PROVIDE FINANCE OPTIONS TO CUSTOMER.  NO VEHICLES SHALL BE DELIVERED AND TITLE SHALL NOT PASS TO CUSTOMER FOR ANY VEHICLE UNTIL FULL PAYMENT HAS BEEN PAID BY CUSTOMER AND RECEIVED BY FORWAY MOTORS, INC.  FORWAY MOTORS REFUSING TO DELIVER A CAR THAT HAS NOT BEEN PAID IN FULL IS NOT GROUNDS FOR BREACH.  ISSUES RELATING TO DEPOSITS CAN BE HANDLED BY AN ARBITRATOR OR COURT IN THE EVENT A DISPUTE CANNOT BE EASILY SETTLED.  IF YOU HAVE ANY QUESTIONS ON THIS POLICY, PLEASE CONTACT A FORWAY MOTORS, INC. REPRESENTATIVE.