Buying a used car from a dealership question.?

Question

In Illinois, what point am I legally liable to purchase a car from a dealership? I have not signed any finance papers yet and have given them a $200 check to hold the vehicle while they correct some defects I want fixed before purchase. All I did sign was an Illinois buyers agreement which states the selling price, trade in and cash down amounts and the list of defects to be looked at.

Defects include: I want new tires, new battery, a front end alignment, and power locks lubricated.

Answer 1

Defects? the items you listed are wear and tear items, not defects. It sounds like you have signed a legal purchase agreement. If you have decided you don't want the car, don't pick it up. You will lose your deposit though.

Answer 2

The reason the deposit is collected is so the dealer can remove the car from the market without financial burden to him.
If you decide not to buy it he keeps the $200 because a car on his lot waiting for you costs him money.

You should never buy a used car from any dealer. The best deals are always from private sellers, just look in the Saturday paper. Before you start looking shop around at credit unions, not banks, for pre-approval for a loan.

If you don´t believe me go to Kelly Blue Book.com and you can see the same car purchased from a private seller will cost thousands less than if you buy it from a used car dealer.

Answer 3

so for you not sign any thing, to the law to look at, all you did so for as give the money to hold the car,, now if you back out of the buying the car, they could keep your 200,,,,but you got the choise to buy are not,an seal a deal that they would not charge you any more the the cost of the car,,so if the defects cost more then they said you was to pay for the car, it on them,to fix it,no matture if it cost them say a 1000.00 more you still get it at the price they told you

Answer 4

the keyword right this is "used automobile". Used vehicles are offered "as is/no guarantee". There are not any returns or refunds on a automobile purchase, the two. You had the prospect to force and examine out the automobile in the previous you acquire it. this is your in hassle-free terms risk-free practices against figuring out to purchase a chew of junk. If the broker is fixing it, then it may desire to have some guarantee and that's greater advantageous than maximum human beings have. Lemon regulations do no longer prepare to used vehicles, so your in hassle-free terms selection is to repair it.

Answer 5

I don't know for sure, but you can find out by contacting the local Motor Vehicle Admin.

Generally, I'd say that you're not legally bound, but you should check. In my state we have 3 days to change our minds even after signing the financial papers.