Can i cancel an ordered car

If you have paid for a vehicle in cash or with a personal loan from your financial institution but refuse to take possession of the vehicle, it is often too late to change your mind without consequences once the purchase contract has been signed. The merchant may have the right to impose a penalty, according to a clause sometimes found on the back of the vehicle purchase contract.

These fees are limited by regulations. If this clause is not provided on the back of the contract, the merchant may demand that you respect the contract that you purchase the vehicle or pay compensation for the actual losses suffered by the merchant.

The merchant could, for example, ask you to pay the interest charges for the additional month the vehicle remained for sale. It is also possible for the merchant to insist that you honour your commitment and take possession of the vehicle. Top of page. Were you unable to find an answer to your question? Please call us. The information contained on this page is presented in simple terms to make it easier to understand.

It does not replace the texts of the laws and regulations. Last edited by ei; at AM.. Reason: spelling. Lieutenant Colonel. It's a been a while since I bought my car so I don't remember what I signed when I ordered it, but a contract is a contract is a contract and unless there is something that says you are entitled to back out prior to a specific date and get your deposit back, you are SOL.

Given the fact that your delivery date got delayed, can't you use that in your favour in any manner? For a company like BMW though, I would assume they'd understand the situation though. Good luck and I sincerely hope you find an even better job soon! Originally Posted by aspiring That is not the way the law works. At most, the dealer is entitled to withhold the actual costs they incurred by the cancellation of the order, but they cannot just arbitrarily withhold the entire deposit.

OP, the dealer is being a POS! Both dealers where I went to told me I could cancel my car anytime before I drive out with it, and I'd have my full refund back too. They just said please don't order the car if you're not really ready. They're probably making more of a profit on the car by you not getting it! All times are GMT The time now is PM. User Name. Mark Forums Read. Page 1 of 3. Thread Tools. Appreciate 0 Tweet.

Find More Posts by pmd. Find More Posts by G-Mach1. Find More Posts by farbmw. Quote: Originally Posted by farbmw I am sorry to here about the job, I am sure you will bounce back! Find More Posts by nospleeny. Quote: Originally Posted by pmd I actually ordered a i in deep sea blue on beige leatherette, along with sport pkg, navigation pkg and BMW Apps. Quote: Originally Posted by nospleeny Dealer will refund your deposit without problems.

Quote: Originally Posted by pmd I just came back from the dealer and it turns out that I will lose my deposit if I don't take delivery. Find More Posts by JunkStory. This includes your trade-in vehicle. Sometimes a car dealer may tell you that it already sold your trade-in, and will offer you the value of the trade-in as listed on the purchase contract. The language of the purchase contract does not appear to give the car dealer this option.

It requires the return of the trade-in. However, if the car dealer does sell your trade-in, at the very least, you should tell the car dealer that it has to give you whatever is the highest value for your trade-in out of either 1 the value of the trade-in as listed on the purchase contract, 2 the fair market value, or 3 what the car dealer received when it sold your trade-in.

For instance, it cannot charge you for the miles put on the car during the day period. However, you are responsible for any physical damage to the car during the time it is in your possession.

If the car dealer exercises its right to cancel the purchase contract within 10 days, you are not required to sign a second contract to purchase that same car. Let me repeat this.