Help With Cancelling a Contract

[achalk]

1) You haven't even seen the car yet

2) You were denied the loan you wanted/needed to get the car

The dealer can not force another loan on you that you do not want or can't afford. You signed a contract, in which you thought you had a "good" loan, in good faith. However, as the loan fell through, the contract can be nullified (just like a home purchase). The dealership isn't going to sue you, as that will cost them more money. They are just pulling shady tactics to try to move the car (even though I'm sure it would sell anyway).

I'm with you...I would not purchase a vehicle from a dealership actually trying to use scare tactics. Granted, I'm not a lawyer, but I'm fairly sure that the dealership doesn't have a right to force you into the vehicle. Maximum penalty would be losing any deposit you might have put down, IMO.

I'll bet the dealership didn't make the cut from GM and is trying to get rid of all it's inventory ASAP.

[achalk]

Originally Posted by Treadstone

I'm confused here. They can't make you take delivery of the car. What are they going to do if you refuse?

They have not lost anything in this deal. Technically they own the car until they sell to you. So I don't see a problem with backing out. Crazy we see dealers drooling over people backing out of msrp, and then this?

[InventoryGuy]

Some things need to clarified here.

The so called 72 hour rule people are talking about is for solicitation. If I come to your house and sell you a vacuum cleaner then you have a right to "back out" of the deal within 72 hours (in most states).

that is not true when you go to places of business and purchase something. In almost every state once you sign a contract AND take delivery of the product you own it with no recourse unless the contract is not fulfilled. Such as if the contract says you have to place a certain amount of money down and you have not given that to the dealership.
Where people think they showed the dealerhsip what was up and came in threatening all the 72 hour rule crap most delaerships will back out the deal (if the deal hasn't reached the DMV yet) just to keep the dealerhsip reputation in tact.

But the long and short of it is that if you have not received the product then most likely you are not obligated to purchase it. If you have signed for the financing, the product has been delivered to your possesion and the contract is fulfilled then you are beat.

[stretchfe]

One thing I'm sure of, and that's the 3 day rule. Unless you're in Calif, there is no 3 day rule. However, I might have a recourse yet. The dealership agreed to paint the GFX for me. If I go to pick up the car and the GFX have been painted, and the warranty for that part is voided, I can make them tear up the contract.

I really do love the car, and I may change my mind when it shows up on Thrus., but I hate these people.

More drama to come.

[CamaroScotty]

WI contracts have the words in the TERMS / SUBJECT TO section, for financing:

"Acceptable to purchaser"

[swansor]

Did you go to base legal? Although they cant represent you they often assist you in dealing with vendors. The dealer definetly wants to maintain a good standing with the base. Aslo you may want to try the Pentagon Federal Credit union for a loan.
Good luck

[teamlynn1]

In Washington you would be a legal owner if you signed the paperwork at the dealership. There is NO 3 day cooling off law in thie state. Now I would allow you to unwind the deal as a general rule but legally wouldnt have to. I personally know od a deal where a customer ended up with 2 cars from 2 different dealerships and the courts found for the dealers. Dont ever sign anything you dont fully understand. Speak with the GM of the dealership and no one else. Simple phone call and it goes away.

[hoz55]

try navy federal credit union or your services credit union...best rates always