Deposit paid for used car. Now want to cancel it

crvs · 1 September 2014 at 9:03AM

HI All,

Urgent help . We went to just look for the car yesterday but traded our own and bought the 3 year old car. We think price difference between Aberdeen and down south is £2000. We have paid £500 deposit.

We have just given our bank info and address info and signed that paper. It didnt have any statement of promise or commitment to buy.

How can we get out of done deal and get the deposit (really)?

Thanks,
Vidhya

iolanthe07 · 1 September 2014 at 9:15AM

The whole point of a deposit is to seal the deal for both parties. Having said that, it rather depends on the contract you made (verbal or written), but commitment to buy would usually be assumed if you paid the deposit.

crvs · 1 September 2014 at 9:18AM

Just phoned the garage they said the deal is done but will discuss with his manager and call me back. fingers crossed.

crvs · 1 September 2014 at 9:32AM

We dont have the car yet. Its still basically in the garage.

Vidhya

crvs · 1 September 2014 at 9:57AM

iolanthe07 wrote: »

Having said that, it rather depends on the contract you made (verbal or written), but commitment to buy would usually be assumed if you paid the deposit.

Im not sure what kind of contract we made. We werent given any details about the agreement. We were just given a sheet information to fill in our address and bank info . I htink its basically for finance arrangement. What are my rights to cancel the car deal ?

Vidhya

Bantex_2 · 1 September 2014 at 10:38AM

Backing out of an agreed deal is scummy behaviour. Do you have no honour or principles?

crvs · 1 September 2014 at 10:42AM

Bantex,

I know its not correct but we atleast would like to try and see if there is any chance.

Thanks,
Vidhya

mad_rich · 1 September 2014 at 11:26AM

Bantex wrote: »

Backing out of an agreed deal is scummy behaviour. Do you have no honour or principles?

:rotfl:

I'm not sure that a car dealership is the prime example of honour and integrity!

Foxy-Stoat_3 · 1 September 2014 at 11:31AM

Either complete the sale or lose the deposit.

£500 is a lot to leave though, was it their figure to hold the car?

crvs · 1 September 2014 at 11:58AM

Foxy-Stoat,

I called them this morning and was told that you know you agreed the deal yesterday. But he said he will speak to the director and get back to me. ALl this happened yesterday at 5 pm and we called at 9 am sharp this morning. Sp they dont loose any business because of us incase we pulled out.

I know it is not correct on us to do this but we also should have been careful. We have been careless but dont want to pay £2000 more.

They havent explained any terms and condition yesterday or even so far. As I said before , we just gave our bank and address info for finance arrangement I think. We didnt sign any legal documents. Having said that , we decided to go ahead yesterday. Its not even 24 hrs. I think we want to give it a try and see if we can get out of it.

Thanks,
Vidhya

agrinnall · 1 September 2014 at 12:02PM

So where are you intending to go to buy the same car for £2000 less? I know that prices in Aberdeen can be high but for that much saving I'd assume it's a pretty expensive car. And then of course if you have any problems with it the dealer won't be local to you, and you may have soured the relationship in advance if the place where you've paid the deposit is the local dealer for that make.

Deposit paid for used car. Now want to cancel it

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free