Car purchase cooling off period.

Call and tell them your wife's mother just died and your afraid your going to have a bunch of unexpected expenses and want to back out. You probably will lose the deposit but if you can get it elsewhere cheaper then you would still be saving money even after losing the deposit, right? That way if they won't let you out then you won't look like a flake.

Ted

You have buyer's remorse. It happens. That being said, unless laws are much different in Canada, you signed a contract and probably could be held to the terms if the seller so chose. The selling party incurred some expenses in preparing the paperwork and they are entitled to payment for at least that, not to mention that they may have lost the opportunity to sell to another buyer. You may wind up settling for a partial refund of your deposit. Be flexible. Remember, you chose to accept the deal as offered originally. FWIW YMMV DFB

Thank you (and Ted)

It is pretty much the way I thought it would be. I fool and his gold are soon parted.

Thanks aga> >

If you have not signed any papers, other than a credit application, and never took possession, no problem.. Just call and tell them you changed you mind and can't afford the car. They MUST return your deposit as long ad no vehicle transfer papers or contracts have been executed. If so they can charge you for the paperwork

mike hunt

Lowell Cumm>

I signed an agreement to purchase, paid a small deposit and signed my change of registration. The only thing I have not done is made payment or take possession.

How do you think I stand??

Thanks

snipped-for-privacy@mailcity.com wrote:

Do you have a reference to look up and quote if necessary??

Thanks

No but we write up home improvement contracts. We are told by Consumer and Commercial Affairs 555 yonge st Toronto that we must give the customer a

10 day right of refusal. I don't know how that would apply to a car purchase, however maybe check with the C&C affairs office.

The purchase agreement is meaningless, it is not a contract. If you signed a contract then the cancellation time, in effect it your state, may have started. I is usually three business days, if so then you are screwed. If you only signed your title, that can be replaced for a fee as long as a transfer has NOT been executed. The important thing is you did not take position. Have your told the dealership that you do not want the vehicle? If not I would do so at once, and go from there.

mike hunt

Lowell Cumm>

Yes, first thing Monday.

Thanks Mike

I think I am OK, spoke to my lawyer and he basically said that I would be out of pocket by having him look after the problem.

SURE HOPE HE'S NOT BLOWING SMOKE UP MY . . .

Thanks again Mike!