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Are you locked in after signing a sales order?

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Old 03-10-2007, 08:00 AM
  #21  
bailey bill
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Originally Posted by davidv
Thanks for weighing in. I avoided the term sales agreement, but instead used contract. And a contract is a legal agreement where two parties agree to exchange something of value. In this case a vehicle for money. Unless there is a clause stating so, the contract is irrevocable by either party.
You are correct. Regardless of what title appears on the document (ie, "sales agreement"), if two parties agree to exchange specific goods or services for specific "consideration" (money, etc) then IT IS A CONTRACT!

And as noted, barring language to the contrary, it is non-cancellable and irrevocable. And most definitely "...enforceable by law."


bill
Old 04-10-2007, 06:19 AM
  #22  
davidv
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So how do you like the new 350Z?
Old 04-10-2007, 05:48 PM
  #23  
ZsDaBest
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Originally Posted by foochdawg
... When the Invoice according to consumer reports is $28,526 and the Nissanusa.com MSRP is $30,905. I am going to call them tomorrow and say what the hell is this but if I signed this(they haven't found a car yet) am I screwed?...
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I am not saying I am smart, nor am I saying you are stupid - but dude, looks like you've been here (on the forum) for a while; and I (am guessing) are aware of how to deal with cars. How cud you make such a noobie mistake (if you will)???

Don't you realize your signature means a lot? Even it is on a blank piece of paper? Good Luck, and let us know what happens.
Old 04-21-2007, 10:10 AM
  #24  
TheGest
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You are locked in after driving the car off the lot.
Old 04-21-2007, 10:32 AM
  #25  
I1DER
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It will depend on the laws of your state. I can't imagine anyone being forced to go through with a purchase they didn't want and that hasn't caused expenses to the dealership yet. What are they going to do if at the last minute you couldn't get financing?

The bigger question is your deposit. Years ago I was surprised to find out in my state(from a second Dealer) that I would get it back and the second dealer even said they would reimbuse me the deposit if I didn't(seems they weren't worried). They said I'd be hassled, but in the end they would have to give it back. I got it back right away when I gave them a sob story of medical bills. I had no qualms as they were not honest with me about some questions that led to my original decission.

You and other posters brought up the other things you should look at before you pull the plug. Is another dealer going to give you the same amount for your trade in? Were there add-ons, like extended warranty or fees that another dealer wouldn't add on?
Old 04-24-2007, 02:23 PM
  #26  
DirtyJoe
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When I bought my Avalanche, I had a horrible experience and found out that there was a 3 or 5 day period in which either party can cancel the sale about 2 days after the period was up for me. If/when I buy a 350, I pity the first few salesmen I get ahold of, I've got baggage like a humped and dumped sorority girl. Check your states' laws, maybe better business bureau or a similar consumer advocate group, and you may not have a problem at all.

Joe
Old 04-24-2007, 03:40 PM
  #27  
Morningglorie
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Especially since they haven't even found the car for you yet, if I'm reading this right.
Old 04-24-2007, 03:54 PM
  #28  
Nihilation
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In VA you have 4 business days to return the vehicle if purchased from a dealer. I bought a G35 coupe from Carmax on a Friday with 0 down, put 1000 miles on it and returned it on Tuesday afternoon. Didn't pay a dime.
Old 04-24-2007, 05:29 PM
  #29  
TheGest
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Originally Posted by Nihilation
In VA you have 4 business days to return the vehicle if purchased from a dealer. I bought a G35 coupe from Carmax on a Friday with 0 down, put 1000 miles on it and returned it on Tuesday afternoon. Didn't pay a dime.
Old 04-24-2007, 05:34 PM
  #30  
Nihilation
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Originally Posted by TheGest

You think a 30 minute test drive is actually enough time to make a $30k decision? I don't and neither does the state of VA- that's why they have that law.
Old 04-25-2007, 05:00 AM
  #31  
Lsmith9523
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Here in GA, you have up to three days to return a vehicle.
Old 04-25-2007, 11:48 AM
  #32  
TheGest
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Originally Posted by Nihilation
You think a 30 minute test drive is actually enough time to make a $30k decision? I don't and neither does the state of VA- that's why they have that law.
nah its a good thing
Old 05-25-2007, 05:41 AM
  #33  
davidv
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Has the 350Z been delivered?
Old 05-26-2007, 06:56 PM
  #34  
M_parallel
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I don't think your trade is worth the 21k they showed you, although I'm sure it's a nice car. The actual cash value of a 2005 350z enth. w/20k car is probably around $19,000.

Also, with options like side airbags and aero pack. you can run invoice over $30,000.

I don't think this deal is as bad as it may seem, but the equipment of the car will be important to know.
Old 05-28-2007, 05:03 AM
  #35  
Netko350Z
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This is why when you work a price for a car you bring up that you have a trade AFTER you settle in on a selling price.
Old 05-30-2007, 08:51 AM
  #36  
umsta
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In WA state if you don't drive the car off the lot it is not delivered and thus not your vehicle yet. That's why many dealers are like "Lets go for one last drive to make sure everything is okay." Once the exhaust tips leave the property lines of that dealership it is yours. I had a friend who signed every single page of documents at the dealership to find out as he was about to pull away in his brand new nsx his wife said the final "COME HOME RIGHT NOW." The dealership went crazy and tried to calm her down and convince her it was the right decision lol. In the end he walked away a free man and I don't think that dealership will take kindly to him the next time he is interested in buying a car.
Old 05-31-2007, 01:45 AM
  #37  
galant350z
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Originally Posted by bailey bill
I wonder if any of you understand what a contract is?

"contract - An oral or written agreement between two or more parties which is enforceable by law."

http://www.utcourts.gov/resources/glossary.htm#c

I'm a real estate broker, developer, and home builder. I deal with contracts every day. If you sign a contract, you are bound to comply with the terms.

Stupidity does not void a contract.

bill
i am not sure since its been a while, but i remember seeing on the news that even if you signed all the paper work..... you have 3 days to return the car with a full refund. not sure, but you can not return it if you put more than 100 miles on it.
Old 05-31-2007, 05:35 AM
  #38  
SuperBlack350z
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i work at a dealership. what people dont' know is that even though they signed the paper where it cleary says "once off the lot, its your car", if you decide a couple days later you dont want it, you can call your finance company and tell them you don't like it and refuse to pay. Once the finance company knows you wont' be making payment because you don't like the car, they can bring the car back without your credit messing up.
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