A person should be able to get a down payment back on a car if papers have not yet been signed. Only after the papers have been singed is the purchase official.
If you signed all the papers but did not make the down payment, can you back out of the car deal? No, once you sign the paper you are locked in. If you back out you will take a credit hit.
Depending on what you signed when you made the down payment, yes. Take a look at any papers you signed. Depending on the size of down, take them to small claims court.
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More Than Likely. As long as the papers have not been sent in or filed on a government PC, then there should be no problem unless the car dealer is obstinate and problematic.
No, you signed the contract so that is legally binding.
You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.You need to review the contract you signed to determine if you can get your deposit back. If the agreement was contingent on your being able to amass the down payment then the contract can be voided. However, you need to review what you signed. It would be best to consult an attorney it there is no language in the contract to release you in this situation.
You need to read the sales contract you signed in order to determine what you agreed to in your situation. You should call your real estate agent.
There is no buyers remorse or cooling off period on the purchase of an automobile. That is nothing more than a myth. You have not signed any papers yet, so you have not bought the car. You may loose the down payment, but I would not think you will have to go through with the purchase. As the dealer if you can back out and see what happens.
Your down payment was used to purchase the property and was paid directly to the seller. You don't get it back.
If you did not sign anything, yes. If you have signed some papers, depending on what they are, probably not. If you have signed the agreement to purchase, possibly. Ask the selling dealer to let you out of the agreement to purchase.
If you still have the title to the trade, you may not have effectively given a down payment. By turning over the title you have given down payment and that establishes the rest of the contract. For a contract to be enforceable you have to sign the papers, take possession when appropriate and pay some amount of money. Signing the loan papers MIGHT be considered paying for the vehicle, depending on the laws in your state. If you know the lending institution you can decline up to the point when the funds are disbursed.
You usually have a 3 day right of rescission for any agreement. This does not include weekends or bank holidays.