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READ the contract you signed. Most possibilities are covered in the contract. the only way I know of to "cancel" a contract is if it was started at you home(usually door to door sales) or default by one party and usually involves legal action.

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โˆ™ 2005-02-09 09:20:58
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Q: What happens to the down payment if you cancel your contract?
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Related Questions

Can a dealer reposses a car for not paying deferred down payment that is not in the contract?

This is not your car. The down payment enables you to have the privilege of a contract. So, pay up.


You signed a contract for a used car the car dealer still has the car you have not given your down payment can you get out?

I THINK SO. THE CONTRACT HASN'T BEEN COMPLETED UNTIL THE DOWN PAYMENT IS MADE. HE'LL PROBABLY VOID THE CONTRACT FOR FAILURE OF PAYMENT.


In the State of Florida How many days do you have to cancel a new car purchase contract.?

There is no 3 day to cancel a new car purchase contract. The only time you have 3 days if the dealer came to your house or place of business and Solicit you. There is no 3 day to cancel a new car purchase contract. The only time you have 3 days if the dealer came to your house or place of business and Solicit you. ------------------------------------------------------------- Always read your contract before you deal with dealer, And I think is 10 days is very common for cancel your contract but it all are depend on your down payment & dealer's financial condition.


Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?

YES, making the down payment is part of the contract and you are in default on it.


Can you get your down payment back after signing the contract in Baton Rouge LA?

No, you signed the contract so that is legally binding.


Can a private seller back out of a sale if he returns the down payment?

It depends on the terms of the contract.


What happens to your down payment in foreclosure?

The money is gone after foreclosure.


Can you get your money back if you put a down payment on a as is automobile and contract was cancelled the next day?

yes


The down payment on a home cannot be met. Can a purchase agreement be canceled?

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.


What happens when 2 balanced forces cancel out on each other?

They Fall Down And Drop


Can a private auto seller renege after receiving a down payment?

Not without the buyer's consent if a contract was already formed


Can the same relative sell real estate and give the gift down payment?

as long as it is disclosed on the purchase contract.


What's a reasonable down payment when hiring a roofing contractor?

As per law, the reasonable down payment for a roofing contractor will be 10 percent of the contract price or one thousand dollars whichever is the lesser amount


Can a parent receive money for a down payment on a home from a minors estate?

Bit of a challenge here. A minor is not able to contract to buy a home, so how could there have been a down payment. If they are actually an adult, and made a down payment on a home, the parents are a natural heir. They can make a claim against the estate.


What should i do about a car contract from a used dealership I made it clear that i did not know if i could came up with the down payment now their giving me a hard time. What should i do?

By taking delivery of this vehicle you are agreeing to the terms of the contract. If you could not meet the down payment requirement then you should have never taken delivery. You can try talking to them to work out a payment plan of some sort.


If you put a down payment on a car and sign the contract can you back out?

It depends what state you live in. In Idaho and Washington, once you sign the contract, the car us yours and you cannot back out.


Does consideration have to be exchanged by both parties when a contract is made?

Not necessarily. Sometimes in a contract for sale or purchase, a down payment is accepted as "consideration," but other types of contracts do not require any such offering.


You got an offer on your house complete with a down payment but the deal fell through do you have to give back the down payment?

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.


How much time do you have to cancel a used car purchase in Texas?

Buyers remorse in Texas does not cover cars. If you agree to buy a car, and have signed a contract and put down a deposit, it is up to the seller to determine how much time you have to cancel. You may be unable to cancel without losing your deposit.


If you bought a used vehicle today but you didn't drive off can you get your down payment back and forfeit the contract?

In most cases yes


Can a dealer refuse an 1800 down payment if no contract was signed?

A dealer can do whatever they want, they are not legally obliagted to sell you any car.


What does upfront cost mean?

The total of all costs that must be paid at the signing of the contract; the down payment plus any fees.


What happens to water molecules as they are cooled?

If temperature is cooled down then they slow down therefore creating less kinetic energycontract


If you bought a motorcyle with a down payment can it be returned within 48 hours?

On any contract purchase, you have 3 days to back out and get your money back.


What is the duration of No Down Payment?

The duration of No Down Payment is 1.75 hours.