Best Answer

Yes. If you have not taken delivery of the vehicle, you can still back out of the deal.

Find out what car dealers don't want you to know at

User Avatar

Wiki User

โˆ™ 2015-07-15 19:49:43
This answer is:
User Avatar

Add your answer:

Earn +5 pts
Q: If you sign loan papers from the dealer but do not make a downpayment nor obtain delivery of vehicle at time of signing can you back out of the deal?
Write your answer...

Related Questions

Is an Automobile Buyer's Order a legally binding contract in PA if both the dealer and buyer have signed it?

In Pennsylvania, a buyer's order only becomes consummated once the buyer has taken delivery of the vehicle. Not at the signing, but once the vehicle leaves the sellers property.

If a deal is closed and you've made payments for 11 months to the bank and dealer later notifies that there is a downpayment debt of x amount can he repo and if he does will it cancel the debt?

A dealer can not repo the vehicle. The dealer can howecer sue you to get the down payment money if he can prove you owe it.

Can your car be repo'd by the dealer if you still owe on the downpayment even if your payments are on time to the bank my payoff on my trade was more then what i knew now they are charging me?

If the car is financed through a bank, the bank is the only agency with authority to repossess the vehicle. The dealer, once paid by the bank, no longer has any claim to the vehicle.

If you signed contract on car but did not pay can you get out of contract?

Having worked for many years as the director of the finance department in an auto dealership, I can tell you with certainty that signing must accompany "delivery". That is, if you both signed AND drove off the lot -- OR -- signed AND had it delivered to your home, then you own it -- you might as well start paying the bill. If all you did was sign but never took delivery, then the dealer cannot legally force you to take the contract or vehicle. If the dealer attempts to "get funded" for the contract (get the money from the bank who is financing your vehicle), then all you have to do is simply call the bank and tell them you never took delivery of the vehicle -- they will pull the funding immediately. Furthermore, if the dealer is requiring you to sign another contract, this is illegal. You can re-sign if you want, but the first contract is legally binding (assuming you also took delivery).

What should you do if you signed for a new car but the car you were to trade in for towards the cost was damaged between the time of signing and delivery?

You have to negotiate a new deal with the new car dealer as obviously the car you are trading in is not worth what it was before the damage. Contact the selling dealer.

Can you back out of a new car purchase?

Not if you signed the contract to purchase the vehicle, unless the dealer agrees to let you back out. If you have taken delivery of the vehicle and drove it off the lot it is now a used car and it belongs to you.

Will my downpayment be returned if i returned my car to the dealer within 3 months?

Not unless there is some very special language in your purchase contract.

Whats is the MSRP?

what is the MSRP on this vehicle what dealer has the vehicle

What is dealer invoice?

Dealer invoice is a term used to describe dealer cost of the vehicle.

Is their a 3 day right of recision in Tennessee in auto buying?

To my knowledge, "The right to recision" only exists (with a car dealer) if you were to complete your purchase off-sight, that is not on the automobile dealership's property. If you sign all of your papers at the dealership, there is no right of recision. However, if you signed all of your papers (at the dealership) and did not physically take "delivery" of the vehicle, that is left the vehicle at the dealer, the sale is not completed. The reverse however holds true too for the client. Let's say a client signs all of their loan documents on an automobile (at the dealership and is given copy's) and takes delivery of the vehicle; If the loan is then declined by the finance institution that the dealer may use, the dealer is bound to the contract and has to guarantee the loan. In other words, the dealer can't back out of the transaction either.

Can a car dealer take your car back?

If the dealer holds the lien and is the one that loaned you the money to purchase the vehicle he can repossess the vehicle if you fail to make your payments on time. Otherwise the selling dealer has no claim on the vehicle whatsoever.

What are the requirements for getting a Vehicle Dealer License in California?

The requirements for getting a Vehicle Dealer License in California can be found on the DMV website. Some of the linked documents can be found on the website for information. Some of the examples of what is required are the vehicle dealer handbook and the original dealer license forms.

How do you get the airbag light to stop flashing on a 97 Pathfinder?

SRS malfunctioning. Take the vehicle to the dealer for repair. take the vehicle to a dealer

Who should I contact if the car ordered is not right and you take delivery?

The dealer that sold you the car. Why did you take delivery if it was not right?

What is dealer sticker price of a vehicle?

It depends on the dealer and vehicle. Usually the mark ups the dealer add on like special mats, wheels, accessories and market mark up etc...

How long does dealer have to keep insurance on vehicles after bought?

a dealer should have a bond. The coverage on the vehicle is like having a liability policy. If the dealer was driving the car and had an at fault accident, he will have to pay for repairs on his vehicle and the bond will cover the other persons car. Once you buy a car from a dealer, you are responsible for purchasing insurance for the vehicle, the dealer is no longer liable. In fact, the dealer should require that you have insurance before you drive the vehicle off the lot.

Can you buy a car from a dealer and resell to another dealer?

yes you can. a vehicle can go to any car dealer. no restrictions

Can you return a vehicle within hrs of signing a contract in Idaho?

Idaho does not have a cooling off period. So any return will be at the descretion of the Dealer (meaning they can say no and make it stick) IF YOU SIGN THE PAPER YOU OWN THE CAR

What is a mvr 2 form?

In North Carolina this form is used as a Dealer Reassigment of ownership. This means when a Dealer buy a car from a person or another dealer and then they re-sale the vehicle to another person or dealer. With this form the dealer does not have to register the vehicle on their name before selling it.

If customer calls dealer and dealer delivers car to their house does the 3 day recission work?

No they called the dealer first.The dealer did not call them. A delivery to their house just makes easier for the customer.

What are the advantages of purchasing a dealer car over a new vehicle?

When purchasing a dealer car, you can generally get a big discount over a new vehicle. Dealer cars generally have low miles and are taken care of.

Can you return a vehicle if you did not give the downpayment?

It baffles me that you even got off the lot (assuming the intended purchase was from a dealer) with it in the first place sans said payment. However, it also depends on who/where you bought the vehicle from, what type it is, what sort of contract you signed (Provided you signed one.) Unfortunately, this isn't a yes or no answerable question, too many dependencies and factors to make it so cut and dry.

What information is listed on a dealer invoice?

The dealer invoice will have the vehicle ID number, list of the standard equipment and any options on the car along with the prices. If applicable it will also have the MPG estimates. There are usually several add on costs listed also, such as, local prep and delivery and destination charges.

Car dealer salary?

Depends on how many vehicle they sell, and the profit on each vehicle.

What can be done about being overcharged 1000 for a used vehicle from a dealer in PA This vehicle was having several problems unfixed by dealer by his mechanic.?

You can speak with an attorney regarding possibly suing a used car dealer in PA. If you were overcharged and the vehicle is having issues, you might be out of luck if you purchased it 'as is.'