My husband bought me a new car, he already paid the deposit $500 and signed the contract. But after a few days we changed our mind and want to cancel it. The car is still at dealer place because we using finance for the payment and they still working on it. The dealer ask as to pay $2000 for cancellation fee. Is it right? because I think they just wanna rob us. Please help
2007-01-21 20:27:52 · 5 answers · asked by siska c 1 in Cars & Transportation ➔ Buying & Selling
The car is brand new, it is demo car so it never used before, we are using finance payment from dealer, my husband signed the contract on Saturday and called them for cancellation on Monday. We are living in Queensland Australia, and we still trying to find the regulation of it
2007-01-21 23:16:17 · update #1
Your Q is hard to answer , there are a few key area's missing to give you a proper answer as the laws differ slightly in every state/ province.
Whom is arranging finance, you or the dealer?, did you sign a bill of sale for cash purchase?... did you buy brand new or used /,,,
Subject to these questions the dealer may have a right to keep portion of deposit or all of it...as for the $ 2000. no way thats a dealer pressure scam for the weak that dont know how the system works...
2007-01-21 21:06:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you haven't taken delivery, you have no obligation to the dealer. About the worst the dealer can do is keep your deposit, and in many states they can't even do that. Demand your deposit back and tell the dealer to eat rocks on any "cancellation fee."
P.S. Never "bind" a car deal with any more than $50.00. That's reasonable and most of us can afford to lose that much with little pain.
P.P.S. Most dealerships hold the deposit check until the deal closes. Stop payment on it if it hasn't already cleared.
P.P.P.S Don't EVER do business with this "dealer" again!
2007-01-21 23:20:03 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
"I requested if i ought to proceed the coverage and adjust it to my new motorcar they reported i'd ought to commence a sparkling settlement for a 12 months and also pay the cancellation for my modern motorcar." it particularly is finished BS. you purely telephone your insurance corporation and ask them to regulate your conceal to the recent motorcar. If it expenditures you purely swallow till renewal time comes up. it is hardly ever a good idea to cancel an insurance coverage as you get hit with cancellation expenditures. it is an annual settlement and also you're ducking out early so as that isn't unreasonable. If what the broking service reported become real (and it isn't) in case you replaced automobiles a week previously the properly of your coverage you would lose purely about a 12 months of NCD. you purely end your modern coverage and then go searching for the perfect quote once you've yet another 12 months of NCD. replace brokers. the only you're with is a liar.
2016-10-15 22:27:27 · answer #3 · answered by vesely 4 · 0⤊ 0⤋
You confuse the terms "right", "legal", and "ethical" of which dealer comprehends only "legal", and only when has no choice. If you signed the contract, you are the seller's mercy. Sorry.
2007-01-21 23:28:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It depends what country you live in. I sold cars for years in Australia. If you want to cancel here you loose $100.00 up to $10000.00 then 1% above that. Different country's different laws.
2007-01-21 21:32:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋