Of course one can cancel the contract but this will involve some penalty charges.
Although dealers don't charge you any penalty in case the reasons are not personal, for example cancellation of loan etc.
Take advice from some good car dealers, they will explain you better.
If you have not taken possession of the motorcycle in Florida but have signed the state tag and title paperwork Do you still have to take the bike Can you cancel the contract? In:http://wiki.answers.com/Q/FAQ/4423 [Edit categories][Improve]
Stop the check and leave the car there. There is no deal if you haven't taken posession. In most states, you have a 3 day period to change your mind. But you may be charged for the usage during the 3 days.
"Since you havent taken possesion of the vehicle the contract is void and noll." In response to the above: NOT TRUE IN WASHINGTON, regarless if you have taken possession, if you signed the contract, you may be required to pay a fee to cancel the contract, which is often in the thousands of dollars, depending on the dealer's stipulations and policy. Whether you take possession or not, you may be required to pay this fee, to cancel the remaining balance owed on the vehicle. Additonaly, even if you have not taken possession, do not be suprised if you wake up the next morning and find the car you are trying to avoid, sitting in your front lawn with the keys locked in it, complements of the dealership that wanted the car delivered, despite not wanting to proceed with the deal. This happened.
If you have not taken delivery of the vehicle, or signed a legal document to purchase the vehicle, I would think you could cancel the order. But I am no lawyer. Seek legal advice on this to make sure.
Once they take the vehicle, the responsibility is on them. If they damage the vehicle or total it the tow guy has to pay. If your car is taken, cancel the insurance since you are not responsible after the car is picked up and leaves your possession.
Possession is 9/10th of the law. Not if the vehicle qualified to be listed in the bankruptcy filing. In which case no action pertaining to the vehicle can be taken until the bankruptcy proceedings are finished.
Yes, you can typically cancel a new car purchase if you haven't taken possession of the vehicle, but it depends on the dealership's policies and any agreements you signed. Some dealerships may allow you to back out within a certain timeframe, while others may require a cancellation fee. Always check the specific terms of your purchase agreement and communicate directly with the dealership to understand your options.
If you have signed the contract and taken posession of the car it is yours. There is no cooling off period on the purchase of an automobile. You bought it, so you own it.
You can cancel the contract in 3 days, provided you have not taken delivery of the vehicle. Once the RV leaves the lot, it's yours. Timing is everything. The phrase "there is no cooling off period" is in effect only after the vehicle has left the lot. They WILL presure you (i.e. lie to you) to move forward. stick to you guns, do not take delivery. and if need be, send a registered letter before the 3 days is up.
You need to contact a local attorney for state specific advice.
they should not be able to garnish wages for a vehicle the leinholder has taken back into their possession for payments not being made. They have the vehicle back, so its not right for them to take your money.