Well I feel that I made a bad deal when I agreed to purchased a GM Optimum used
I have made a small deposit but have not made payment or even picked the car up
yet. Is there any way I can back out of the deal.
I live in, and made the deal in Canada and had hoped that there might be some
clause in Canadian law or General Motors terms that would allow me to simply
back out of the deal. No one did anything underhanded it's just that I feel I
paid way to much for what I would be getting.
Call and tell them your wife's mother just died and your afraid your going
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
money even after losing the deposit, right? That way if they won't let you
then you won't look like a flake.
On Sun, 24 Jul 2005 01:42:11 -0400, Lowell Cummings
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.
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
Lowell Cummings wrote:
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.
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??
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.
Lowell Cummins wrote:
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!
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