USE CAR SALES:What is my right to cancel a transaction prior to completion and handover.?

initial purchase form was signed and a deposit placed prior to final completion date.Dealer made known verbally that if buyer changed their mind for whatever reason they would only forfeit their deposit. This was found to be false.|||Deposit definitely forfeit... anything else will depnd upon what the contract you signed says - verbal assurance not worth the paper it's printed on.....|||You get a cooling off perios for all contracts just in case you change your mind, ask to see how long you are allowed.|||I can only say you should always read what you sign. It totally depends on your contract.





If there are witnesses to the verbal agreement, you may be able to take it to court. Verbal agreements are binding in a lot of states, as long as they can be proven.





If you fight it hard enough, and are visual with your fight, they will usually back down. There is nothing in that contract that says you can't tell every customer you feel robbed on your way out the door. Be sure you let them know you are going to do it, and you are serious.|||You still have a twenty four hour cooling of period from a dealer


and a 7 day no quibble waranty|||I work in used car sales and I think if you read carefully what agreement you have signed there is usually a time limit to when you can cancel. Remember that if you are buying a vehicle with Road Tax i.e 6mths from date of purchase or 12m that just by doing that puts another owner to the vehicle. You should lose your deposit - after all us guys behind the scenes are working our butts off to get the deal out on time sometimes with short notice, I had one yesterday who was just wasting everyones' time and we had taxed her car for her- turned out she was just using the time up on a visit to her parents and had no intention of buying a car even though she had paid a deposit. spare a thought for us in admin!!!|||There is no time frame for" cooling off" All the people above are wrong. The only time you would have it is with brand new cars and that would be only if something mechanical is wrong with the car and the dealership attempted to fix it three times and their attempts failed. Other then that you can't change your mind. But it sounds like you only singed a deposit offer. You will loose the deposit amount but as long as you have not actually signed the contract with the bank and you have not taken possession of the car you can cancel at any time since this is not the actually purchase, it was just an offer. They would try to convince you that you can't cancell a deposit just to keep you to buy the car, but that is not true. Again, this is valid only and only if you have not signed the actual contract.|||you may loose your deposit depends on the discression of the sale person