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Deposit Terms & Conditions

Deposit Terms: The Customer hereby agrees to pay a non-refundable deposit in the amount of $500.00 (the “Deposit”) to Recharge LLC to reserve and hold the above-described vehicle off the market while the Customer finalizes arrangements for the purchase.

The Customer acknowledges and agrees to the following terms:

  1. Non-Refundable Nature of Deposit. The Deposit is non-refundable under all circumstances, except as expressly provided in this Agreement. By paying the Deposit, the Customer understands and accepts that it will not be refunded if the Customer:
    1. Decides not to proceed with the purchase for any reason (including change of mind, inability to secure satisfactory financing, or any other personal reason).
    2. Fails to complete the purchase within the time period specified below.
    3. The Deposit is paid in consideration of the Dealership removing the vehicle from active sale, holding it exclusively for the Customer, and potentially incurring opportunity costs or administrative expenses.
  2. Time Period to Finalize Purchase. The Customer shall have three (3) business days from the date the Deposit is received by the Dealership (the “Holding Period”) to:
    1. Secure financing (if applicable).
    2. Complete all necessary paperwork.
    3. Deliver final payment in full (including any remaining balance, taxes, title, registration, dealer fees, and other charges as outlined in the final purchase agreement).

The Holding Period ends at 11:59 PM on the third business day following receipt of the Deposit.

  1. Forfeiture of Deposit. If the Customer fails to finalize the purchase and tender final payment in full by the end of the Holding Period, the Deposit shall be forfeited to the Dealership as liquidated damages for holding the vehicle and removing it from sale. The Dealership may then place the vehicle back on the market for sale to another party.
  2. Completion of Sale. If the Customer finalizes the purchase within the Holding Period by executing a final Retail Purchase Agreement (or equivalent contract) and paying the full balance due, the Deposit shall be credited in full toward the total purchase price.
  3. No Guarantees on Financing or Approvals. The Dealership does not guarantee approval of financing, trade-in valuation, or any other condition. The non-refundable nature of the Deposit applies regardless of whether financing is approved or denied.
  4. Entire Agreement. This Agreement constitutes the entire understanding between the parties regarding the Deposit and supersedes any prior verbal or written statements. Any modifications must be in writing and signed by both parties.
  5. Governing Law. This Agreement shall be governed by the laws of the State of South Dakota.