We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

can we cancel?

Options
245

Comments

  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    edited 21 June 2009 at 3:26PM
    Walk away and try and retain as much of the deposit as possible.

    If they refuse to return it ask them for documentary evidence of their loss of £750 due to your breach.

    The OP might have to wait for the vehicle to go through auction to see what it raises first.

    If it only raises say £3k-£4K less than the OP agreed to pay, then the OP could be left nursing a lot bigger loss than just £750 (after all costs are taken into account) :eek:
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    blueye wrote: »
    hi ive been in a rush to buy a car for my job starting in a week, i saw a used car today and left a 750 cheque and signed a contract is there any way i can get out of buying it without loosing my money

    Speak to the dealer and see what agreement you can come to :)
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • daily_2
    daily_2 Posts: 309 Forumite
    edited 21 June 2009 at 4:06PM
    How were you planning to pay for it, have you signed a finance deal?

    If you're 60k in debt, on a dmp, the mileage isn't the issue that should be top of your list.

    Walking away with a £750 loss is cheaper than the alternative.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    With a 60k debt hanging over the OP, someones needs a good headshake to get into the real World!!

    With a self worth value of -£60,000, do you REALLY need a 4yr old BMW to drive around in??

    Enough of the keeping up with the Jones'.

    Get a sensible car, mondeo or something for half the amount you haven't got to spend.
  • Takoda wrote: »
    Dealing with time wasters is part of a dealer's job. The money they fleece off other poor saps more than makes up for the odd tyre kicker who cancels his deposit and runs away.

    That makes it alright then! :rolleyes:
  • blueye
    blueye Posts: 320 Forumite
    called this morning and they have agreed to cancel with us.
    im paying for the car with the money we got for our old car 3.2 quattro so i guess i am in the REAL WORLD as i know we cant afford to run that car.
    and as for getting a mondeo why dont i just put all the money down the toilet instead i dont want to buy a car thats going to be worth nothing when i want to trade it in be serious im not keeping up with the jones either i dont know anyone called jones, i just like cars sorry
  • daily_2
    daily_2 Posts: 309 Forumite
    edited 21 June 2009 at 8:00PM
    You could use 6k to pay off 10% of your debt, and use the remainder to buy a runaround. All cars are money down the toilet, a 9k car will lose more money than a 2.5k car.

    Mondeo is a decent car, Jeremy Clarkson's review:

    "And this of course brings us nicely on to the Ford Mondeo. The previous model was a masterpiece. Every single time I drove one I emerged from the experience thinking, “Why doesn’t everyone own one of these?” It was just so simple. A perfect poached egg, on a perfect piece of toast.
    It handled beautifully, it was surprisingly fast, it was roomy and practical, and if you actually took away the familiarity it was also extremely good looking. Much better than a BMW 3-series, or a Mercedes C-class. Better too than the Jaguar X-type that it spawned."
  • blueye
    blueye Posts: 320 Forumite
    that depends on the type of car you buy and what you get it for , if i bought a mondeo then yeah i would lose money, i made money on my last car.
  • kiddy_guy
    kiddy_guy Posts: 987 Forumite
    Part of the Furniture 500 Posts
    2 things:

    Only dealers make money on cars. 99.9% of the rest of us lose money, on cars, myself included.

    You've admitted you have bought an overpriced car and signed up for it without thinking it through properly. Excuse us if we don't take advice on what cars we should buy from you.
  • blueye
    blueye Posts: 320 Forumite
    at what point was i giving advice to anyone?
    go buy whatever car you want your money
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.