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Not in California. * In most instances the contract is binding when money has "changed hands". If this were not so, car dealers would have serious financial and inventory problems, as most vehicles that are bought have a waiting period for delivery. Therefore, a lawsuit will likely stand up in court if the dealer chooses to pursue damages for breach of contract on the part of the buyer.

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Q: You signed a contract for a car but have not left the lot with it Is this contract binding?
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Is there a 3 day coolig period for reducing the size of a car loan on a signed contract?

No, the contract you signed is binding.


Can you edit a signed car contract?

Generally not. A signed contract is generally binding and requires both parties agree to terminate the contract and create a new one.


If you sign a bill on sale but did not pay anything is the contract binding?

If you signed a contract to buy the car, it is legally binding. That fact that you have not parted with any money is a mute point. You signed the contract, and that is all that matters. Ask the seller if they will release you from the contract and be very nice about it.


If i signed the contract for a used car but have not put a deposit down or had the financing go through Is the contract legally binding?

it depends on what the contract says - did you read it ?? Yes, it states and signed I paid $2000 down.


Can a car dealership refuse to pay off trade when it is in the contract?

A contract is a legally binding agreement between the parties who have signed it, unless written into the contract otherwise, all parties are bound by the terms of the agreement/contract they signed.


If you signed one contract and your co-signer signed another contract can the car be returned since you didn't sign one binding contract together?

Contact a local attorney for state/case specific advice.


Can a used-car dealership demand a large downpayment 2 weeks after the contract has been signed and the car has been driven away from the car lot?

If it was written in the contract, yes. If it was not written in the contract then this would be an unfair demand and not binding.


Is a deal made over the phone with a car dealer a binding contract in Florida?

Absolutely not. Unless it is a signed paper it will be difficult to enforce.


If you cosigned on a loan and they are constantly late on their payment can you take legal action and ask that she refinance the car?

Nope... You signed a binding contract.


Can a used car dealer verbally add on a late charge for 1 day late months after the contract that was signed said 10 days late there would be a charge?

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Dealer did not sign contract?

The car dealership did not sign my contract, is it still binding?


Signed a contract with no vin is this legal?

Most people would not sign a contract without any vin number on the car. It is impossible to register and license a car that does not have a vehicle identification number. A contract is a legal binding document and the buyer is to beware, or in other words be alert in the transaction.