2007-03-31 05:40:13 · 14 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
If you sign the contract on their premises you have 24 hours to cancel.
2007-03-31 05:50:36 · answer #1 · answered by psychoticgenius 6 · 1⤊ 1⤋
Whatever you have signed in a Car Dealership is legally binding and therefore technically ,no you cannot cancel the contract. Cooling periods don't exist.
HOWEVER!!!! If it's merely an order form you've signed, there aren't many dealerships that would take this any further and they'll agree to mutually terminate the contract. A FEW may try to keep a deposit due to costs and loss of opportunity to sell the vehicle that you have technically BOUGHT, but in reality if you contest it and take it up with a head office or the manufacturer, they'll more than likely to refund the deposit in full due to the fact that it's not worth their time or money to go through court proceedings, nor darken their name!
If a sales person is putting unnecessary pressure for you to sign a contract and leave a deposit merely to 'HOLD' or reserve a car, ensure that 'Subject to..........' is written on the contract and signed by the Sales Manager !!!
Hope this helps
2007-03-31 15:48:12 · answer #2 · answered by CROFT 2 · 0⤊ 1⤋
In the UK It all depends on the good will of the dealer you bought the car off. You legally have no 14 day cooling off period unless you have never set foot on the dealers premises. The dealer most likely (check the terms and conditions) will allow you to cancel but does not have to refund your deposit. He/she can also if desired per sue you for loss of profit and any other costs involved. It is unlikely that it would ever go to a small claims court in the event of you refusing to pay any further costs as it would not be worth the time or money.
2007-04-01 05:58:53 · answer #3 · answered by grindham 2 · 0⤊ 0⤋
In order for a contract to be binding, both parties must receive something of value.
The 3 day rule applies to in-home sales only. Once you sign a contract to purchase, you must drive the car across the curb to make the deal binding. Once you leave the property, you own the car. Period.
2007-03-31 14:36:13 · answer #4 · answered by The Rabbi 5 · 0⤊ 1⤋
State laws vary on this. Some states only require a 24 hour grace period, some require 3 days, some more.
Look at your contract and it should state on it what the grace period is. The grace period allows you to change your mind without penalty, in other words, you'll get your deposit back. If it's after the grace period, then it's up to the dealer.
2007-03-31 13:39:45 · answer #5 · answered by Mark B 6 · 0⤊ 1⤋
It depends on the contract ,but if you cancel the contract you will loose your deposit .
2007-03-31 13:37:59 · answer #6 · answered by Mick 4 · 0⤊ 0⤋
it all depends on the term of the contract and the fact you may lose your deposit if you cancel after the certain amount of days.
2007-03-31 12:44:38 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It would depend on how much time has elapsed and the wording of the contract. But I would think it unreasonable if you were not offered 28 days to change your mind.
2007-03-31 12:46:39 · answer #8 · answered by Spiny Norman 7 · 0⤊ 0⤋
You need to read the small print on your contract, but usually you have a 14 day 'cooling off' period, so I would say, yes you can cancel.
2007-03-31 12:44:31 · answer #9 · answered by JillPinky 7 · 0⤊ 1⤋
It depends on the terms of the contract !!
2007-03-31 12:43:48 · answer #10 · answered by nicemanvery 7 · 0⤊ 0⤋