Can you get your down payment back if you were lied to by a used car dealer?

The other day I put down $700 down for a used car that costs $7,500 and the guy right away told me I could take it that very day If i got a co-signer so I did and he told us it got approved and it was basically a "done deal"!! Now 3 days later he hasn't been able to get us financed!! What can I do? I'm tired of this waiting can I just go return it and still get my down payment back??? Or any other options??
 
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