Can I get my money back?
 

Last night I went into a Honda dealer and agreed to purchase a new car. I
really wanted to pay at most $300 a month, over 5 years, but the dealer said
that would not be possible because of the overall cost of the car.The initial
quote the dealer gave me was $395 a month for 5 years. I said that was too
much.Then he asked "Could you do $330 a month?" and I said ok. . I thought he
meant $330 a month for 5 years. Wouldn't you? . So,as I was going over the
contract when I went home, the contract said over a period of 6 years, not 5.
I had told the dealer that I could not do 6 years and yet, that was what was
on the contract. I was so tired last night that I do not know how I could
have signed the contract. Anyway, this morning, I went back to the dealer and
told them that I did not realize that it stated 6 years, after we had
discussed 5 years.The thing is, I had made a $1000 deposit, which I was told
is non-refundable if, after they order the car and it comes in in 2-3 weeks,
I decide I don't want it anymore. I would get back the money if after
ordering the car and it arrives, I take the car. Listen, I ordered the car
last night and I went back to the dealer this morning,less than 12 hours
after. The car won't be at the dealership til 2-3 weeks. Why can't I get the
money back? Is that legal for them to keep it, when I was told that I would
NOT get it back AFTER the car arrives and I decide I don't want it anymore?

Re: Can I get my money back?
 

Legally the situation varies by location. Some places have a "cooling
off period", some do not.

Always read any contract terms very carefully. Tired and late in the
day generally doesn't cut it as a reason to back out of a contract.

John

Re: Can I get my money back?
 

BTW, if you really want out, by all means stop payment on the check.

John

Re: Can I get my money back?
 

Nope, not on auto loans. If the contract is transacted on the dealers
property, it is binding. No Backsies!

"Grumpy AuContraire" <Grumpster@GrumpyvilleNOT.com> wrote in message
news:44556611.F76DBD25@GrumpyvilleNOT.com...
> Virtually all consumer contracts have a three day "cooling off" period
> which is mandated by federal law. IOW, you can back out of a signed
> contract. Regarding a "non refundable" deposit, consult an attorney if
> necessary.
>
> JT
>
>
>
>
> IrieDahta wrote:
>>
>> Last night I went into a Honda dealer and agreed to purchase a new car.
>> I
>> really wanted to pay at most $300 a month, over 5 years, but the dealer
>> said
>> that would not be possible because of the overall cost of the car.The
>> initial
>> quote the dealer gave me was $395 a month for 5 years. I said that was
>> too
>> much.Then he asked "Could you do $330 a month?" and I said ok. . I
>> thought he
>> meant $330 a month for 5 years. Wouldn't you? . So,as I was going over
>> the
>> contract when I went home, the contract said over a period of 6 years,
>> not 5.
>> I had told the dealer that I could not do 6 years and yet, that was what
>> was
>> on the contract. I was so tired last night that I do not know how I could
>> have signed the contract. Anyway, this morning, I went back to the dealer
>> and
>> told them that I did not realize that it stated 6 years, after we had
>> discussed 5 years.The thing is, I had made a $1000 deposit, which I was
>> told
>> is non-refundable if, after they order the car and it comes in in 2-3
>> weeks,
>> I decide I don't want it anymore. I would get back the money if after
>> ordering the car and it arrives, I take the car. Listen, I ordered the
>> car
>> last night and I went back to the dealer this morning,less than 12 hours
>> after. The car won't be at the dealership til 2-3 weeks. Why can't I get
>> the
>> money back? Is that legal for them to keep it, when I was told that I
>> would
>> NOT get it back AFTER the car arrives and I decide I don't want it
>> anymore?

Re: Can I get my money back?
 

Nope, not on auto loans. If the contract is transacted on the dealers
property, it is binding. No Backsies!

"Grumpy AuContraire" <Grumpster@GrumpyvilleNOT.com> wrote in message
news:44556611.F76DBD25@GrumpyvilleNOT.com...
> Virtually all consumer contracts have a three day "cooling off" period
> which is mandated by federal law. IOW, you can back out of a signed
> contract. Regarding a "non refundable" deposit, consult an attorney if
> necessary.
>
> JT
>
>
>
>
> IrieDahta wrote:
>>
>> Last night I went into a Honda dealer and agreed to purchase a new car.
>> I
>> really wanted to pay at most $300 a month, over 5 years, but the dealer
>> said
>> that would not be possible because of the overall cost of the car.The
>> initial
>> quote the dealer gave me was $395 a month for 5 years. I said that was
>> too
>> much.Then he asked "Could you do $330 a month?" and I said ok. . I
>> thought he
>> meant $330 a month for 5 years. Wouldn't you? . So,as I was going over
>> the
>> contract when I went home, the contract said over a period of 6 years,
>> not 5.
>> I had told the dealer that I could not do 6 years and yet, that was what
>> was
>> on the contract. I was so tired last night that I do not know how I could
>> have signed the contract. Anyway, this morning, I went back to the dealer
>> and
>> told them that I did not realize that it stated 6 years, after we had
>> discussed 5 years.The thing is, I had made a $1000 deposit, which I was
>> told
>> is non-refundable if, after they order the car and it comes in in 2-3
>> weeks,
>> I decide I don't want it anymore. I would get back the money if after
>> ordering the car and it arrives, I take the car. Listen, I ordered the
>> car
>> last night and I went back to the dealer this morning,less than 12 hours
>> after. The car won't be at the dealership til 2-3 weeks. Why can't I get
>> the
>> money back? Is that legal for them to keep it, when I was told that I
>> would
>> NOT get it back AFTER the car arrives and I decide I don't want it
>> anymore?

Re: Can I get my money back?
 

Nope, not on auto loans. If the contract is transacted on the dealers
property, it is binding. No Backsies!

"Grumpy AuContraire" <Grumpster@GrumpyvilleNOT.com> wrote in message
news:44556611.F76DBD25@GrumpyvilleNOT.com...
> Virtually all consumer contracts have a three day "cooling off" period
> which is mandated by federal law. IOW, you can back out of a signed
> contract. Regarding a "non refundable" deposit, consult an attorney if
> necessary.
>
> JT
>
>
>
>
> IrieDahta wrote:
>>
>> Last night I went into a Honda dealer and agreed to purchase a new car.
>> I
>> really wanted to pay at most $300 a month, over 5 years, but the dealer
>> said
>> that would not be possible because of the overall cost of the car.The
>> initial
>> quote the dealer gave me was $395 a month for 5 years. I said that was
>> too
>> much.Then he asked "Could you do $330 a month?" and I said ok. . I
>> thought he
>> meant $330 a month for 5 years. Wouldn't you? . So,as I was going over
>> the
>> contract when I went home, the contract said over a period of 6 years,
>> not 5.
>> I had told the dealer that I could not do 6 years and yet, that was what
>> was
>> on the contract. I was so tired last night that I do not know how I could
>> have signed the contract. Anyway, this morning, I went back to the dealer
>> and
>> told them that I did not realize that it stated 6 years, after we had
>> discussed 5 years.The thing is, I had made a $1000 deposit, which I was
>> told
>> is non-refundable if, after they order the car and it comes in in 2-3
>> weeks,
>> I decide I don't want it anymore. I would get back the money if after
>> ordering the car and it arrives, I take the car. Listen, I ordered the
>> car
>> last night and I went back to the dealer this morning,less than 12 hours
>> after. The car won't be at the dealership til 2-3 weeks. Why can't I get
>> the
>> money back? Is that legal for them to keep it, when I was told that I
>> would
>> NOT get it back AFTER the car arrives and I decide I don't want it
>> anymore?

Re: Can I get my money back?
 

"Carfan" wrote

> Nope, not on auto loans. If the contract is transacted on the dealers
> property, it is binding. No Backsies!

Is that different from getting a loan at a bank -- on their property? When I
applied, they wouldn't submit the paperwork for three days because of the
law we're talking about.

Re: Can I get my money back?
 

"Carfan" wrote

> Nope, not on auto loans. If the contract is transacted on the dealers
> property, it is binding. No Backsies!

Is that different from getting a loan at a bank -- on their property? When I
applied, they wouldn't submit the paperwork for three days because of the
law we're talking about.

Re: Can I get my money back?
 

"Carfan" wrote

> Nope, not on auto loans. If the contract is transacted on the dealers
> property, it is binding. No Backsies!

Is that different from getting a loan at a bank -- on their property? When I
applied, they wouldn't submit the paperwork for three days because of the
law we're talking about.

Re: Can I get my money back?
 

Howard Lester wrote:
>
> "Carfan" wrote
>
> > Nope, not on auto loans. If the contract is transacted on the dealers
> > property, it is binding. No Backsies!
>
> Is that different from getting a loan at a bank -- on their property? When I
> applied, they wouldn't submit the paperwork for three days because of the
> law we're talking about.
>



The "statute of frauds" may also be applicable in this case.

JT

Re: Can I get my money back?
 

Howard Lester wrote:
>
> "Carfan" wrote
>
> > Nope, not on auto loans. If the contract is transacted on the dealers
> > property, it is binding. No Backsies!
>
> Is that different from getting a loan at a bank -- on their property? When I
> applied, they wouldn't submit the paperwork for three days because of the
> law we're talking about.
>



The "statute of frauds" may also be applicable in this case.

JT

Re: Can I get my money back?
 

Howard Lester wrote:
>
> "Carfan" wrote
>
> > Nope, not on auto loans. If the contract is transacted on the dealers
> > property, it is binding. No Backsies!
>
> Is that different from getting a loan at a bank -- on their property? When I
> applied, they wouldn't submit the paperwork for three days because of the
> law we're talking about.
>



The "statute of frauds" may also be applicable in this case.

JT