Urgent. Signed to buy new car, and not taken credit agreement. Can I change my mind

gnasher18us

Hi,

I went into a car showroom yesterday, and eventually agreed to purchase a new 2011 car with their finance option.

I have also agreed to trade in my old car.

I have not yet applied for the finance, and have not given them any deposit.

I have been asked to visit the showroom today to apply for the finance and take some paperwork.

When I returned home yesterday, I rechecked the figures given on the sales agreement, and they don't appear to be the same as the figures given to me in the shop (the never ending "discounts" were not there).

I think the figures on the agreement are out by a considerable amount (possibly £500 to £1000).

Do I have to continue with this purchase, or is the purchase not legally binding if I have not signed the finance agreement?

Any help would be much appreciated on this - as I'm meant to be signing the finance agreement today, and am really worried.

Thanks for any help and advice.

arcon5

If you have agreed to purchase the vehicle (perhaps signed a sales document or some sort of agreement outlining the terms) then you will be in breach of contract by cancelling.... however they are only legally entitled to charge you their proovable losses which may include an admin fee. So the amount at this stage will be pretty low.

Have you signed anything? If not I doubt they can prove you agreed to purchase the vehicle so just tell them you have changed your mind and move on.

Or go see them again, maybe a "mistake" has been made.

gnasher18us

Yeah, I did sign some docs which outline the "offers" (but they aren't what was originally agreed). What I signed is just a handwritten doc from the showroom.

I'll pop back in and see them and see what they say. Thanks for the advice, and hopefully they won't charge me very much (or anything!).

Thanks again.

somethingcorporate

They will try so stand your ground.

Come back here for advice if and when you need more help.

nomoneytoday

I would sign when the paperwork matches the deal offered verbally..

dazaboo44

nomoneytoday wrote: »

I would sign when the paperwork matches the deal offered verbally..

hi dont sign any thing on the premises if you do you wave the right to the 2 weeks cool off period if you dont want the car then im sure the sales man is big enough to take it on the chin because they dont care about you

arcon5

dazaboo44 wrote: »

hi dont sign any thing on the premises if you do you wave the right to the 2 weeks cool off period if you dont want the car then im sure the sales man is big enough to take it on the chin because they dont care about you

So where do you take your sales agreement that gives you the cooling off period :huh:

dazaboo44

arcon5 wrote: »

So where do you take your sales agreement that gives you the cooling off period :huh:[/QUOTE take it any where just not the premises take it home read it if your not happy then tell them your not interested you get any more problems go to your local C A B but what ever you do dont sign a finace agreement on the premises there will be no way out if you do ps hope this helps

arcon5

dazaboo44 wrote: »

arcon5 wrote: »

So where do you take your sales agreement that gives you the cooling off period :huh:[/QUOTE take it any where just not the premises take it home read it if your not happy then tell them your not interested you get any more problems go to your local C A B but what ever you do dont sign a finace agreement on the premises there will be no way out if you do ps hope this helps

As I understand it, the 14 day cooling off period now extends to agreements also signed in their usual place of business. If i'm wrong i'm sure somebody will correct me..

useless_git_requires_wife

The most important thing is that you don't give them any money or any bank details.

gnasher18us

Thanks to everybody who responded to the posting!

I was worried that I'd signed something and the damage could not be undone...

I spoke to the dealer, and they were fine about me pulling out, as I had not signed the finance agreement.

They didn't ask me for any money, and I didn't lose a deposit as I hadn't put one down!

So, thanks guys! :beer: