The plaintiff put down a deposit on a car he planned to purchase from the defendant. Unfortunately, the day he was going to make the deal, the defendant told the plaintiff he would have to pay 26% interest on the car loan. The plaintiff called off the deal and is suing for the return of his deposit. The defendant claims the plaintiff initially told him he was going to buy the car in all cash, but the plaintiff decided to finance the vehicle, and his credit was bad.
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