then you decide you dont want it 3 days later but the MI seller already deposited the check. so you put a stop payment on the check. there are 3 carbon copies of the reciept of sale and we both have them and you have the title too already signed by both parties. what happens if the seller still wants his money for the vehicle and there is a stop on the check, MI state law is " sold as is" ? what happens?
2007-10-10 04:17:14 · 2 answers · asked by ed h 1 in Cars & Transportation ➔ Buying & Selling
There is NO right to return a car because you changed your mind.
There is NO right to return a car because you changed your mind.
There is NO right to return a car because you changed your mind.
I can not say this enough!!!
The 72 hours rule that you are thinking about applies to in home sales. It does not apply when you go to a "normal place of business". It was designed to prevent people from being pressured into signing contracts just to get the salesman to leave their home. When you go to a place of business, you always have the option of walking out. You can not walk out of a sales situation in your own home.
When you take delivery of a vehicle, and drive it off the dealers lot, you own it!! The dealer is not required to take it back.
You own the car. Buy stopping payment on the check, you have put yourself in a really bad situation. You gave the dealer the check in exchange for the vehicle. When you stopped payment on the check, you opened yourself up to severe legal liabilities!
You are looking at civil and possible criminal penalties! The dealer is going to at the very least have the car repossesed, and most likely will also sue you for the costs incured! He may chose to sue you for the amount of the check, and bank fees and lawyer fees!
You signed a legal and binding contract! Call the dealer today and let them know that you will be sending a bank check for the total amount and for any bad check fees that they have paid!
2007-10-10 04:51:38 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
The car is sold. The fact that you put a stop payment doesn't change that. You can only stop payment if you felt that YOU didn't get delivered what was PROMISED. The second you were handed the car and you handed over the check the car was sold. You have in fact taken HIS (seller's) money out of his pocket.
As of now, you are very near being a car thief.
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The reason I say these things are because I saw this exact case on People's Court on TV. OK it should little ridiculous, but the judge made it clear that you can't just cancel a check just because you changed your mind. It has to be in response to the fact that the other party DIDN'T deliver.
If you bought a V8 ford but you ended up getting a V6, then you would have grounds to cancel the check.
Good Luck and be careful that you don't end up in jail.
2007-10-10 04:27:30 · answer #2 · answered by Lover not a Fighter 7 · 2⤊ 0⤋
You have purchased the vehicle. At this point they can call in theft for you canceling the check.
2007-10-10 04:44:01 · answer #3 · answered by brandie v 1 · 2⤊ 0⤋