Backing out of a deal

[hOrnizuka]

Hello,

My dad just signed a deal today (used car) from a chrysler dealership without telling us. Right now the application in the process of credit checking. He put about $2000 down. Can he still get out of this deal without losing the deposit?

Thanks! Please help! :(

[coriolis]

Ouch, goodluck with that. In most cases, that money is gone.

Only thing I can say is perhaps pull a CarProof report and if its not clean, then you can use that to get your money back.


But if it is, well, again, goodluck >:(

[tokajim]

Here's someone who recently put $500 down on a used car, backed out and got his money back. Although he invested in a CarProof report and found 2 accidents not disclosed by the dealer and it took a lot of back and forth before he got his money back.

http://www.redflagdeals.com/forums/showthread.php?t=786349

Maybe pm him and find out exactly how it went down.

[tokajim]

Look into the last post in that thread. I don't know if it's helpful. Just providing more info. Good luck.

"This same question was posted on my website with a link to this thread for further information for me to view, first let me say I am happy to note a refund will be in place, and second this is my first visit to this forum, very informative for the consumer.

There never was any danger of a refund not to happen because OMVIC made it law that a dealer must have buyer initial bill of sale if vehicle was an accident repair., and in this case the buyer got lucky as this entry was not in place.

As for AutoCheck and Carfax, these 2 providers of history are not totally reliable for the Canadian consumer.

99% of Canadian dealers use CarProo as the best history provider.

http://www.usedcartips.org/"

[JohnB]

Usually down-payments are not refunded..check the contract and see what it says.

Because whats the point in even having a contract if anyone can just walk away?

Ask the dealer first thing tomorrow, maybe he will refund a portion...

Hope it works out for you good luck...

---What car did he plan to get - a 300?

[ES_Revenge]

Is you dad ill or something? I"m not trying to be rude or anything I'm serious. Like for example if he has Alzheimers or something you could say that he wasn't competent or of sound mind when he signed. Only reason I'm thinking this may be the case is because you said he did it "without telling us" which would usually not be a problem for a grown man unless there was some reason why he shouldn't be buying a car...

Barring that, there's the CarProof report as other said, and then there is him getting turned down for the loan/finance. Apart from that in Ontario? Good luck! Getting your deposit back will most likely be like squeezing sweat from stone. The sales manager might even give you the ol' "from my cold dead hands" line LOL. :lol:

[fooit]

OP, if your dad wants a Chrysler why do you want him to back out of the deal?

[JohnB]

Did he get one of these?:

http://www.autospies.com/images/users/iepurilah/chrysler_300C_gallery7.jpg

[mkerian]

Did he get one of these?:

http://www.autospies.com/images/users/iepurilah/chrysler_300C_gallery7.jpg

hahaha, thats good.

Anyways OP, you're dad signed the contract, so the dealership pretty much has you by the cajones. If I were you, I'd go with you're dad and tell them that it was a mistake for him to sign the papers, and that you can't afford the payments on the car. See what happens.

Don't speak with the salesperson, speak directly with the manager. Act contrite, but don't be wimpish. If they maintain that a contract is a contract...well..it is. If all else fails, ask them to renegotiate the price. Good luck.

[T-Man]

Hello,

My dad just signed a deal today (used car) from a chrysler dealership without telling us. Right now the application in the process of credit checking. He put about $2000 down. Can he still get out of this deal without losing the deposit?

Thanks! Please help! :(

What kind of used car did he get? Why does he/you want him to cancel?

In terms of credit application, if he does not get approved by the bank, then by law, the dealer cannot keep his deposit.

[hOrnizuka]

^the vehicle is a bit on the expensive side.

If he can't back out. Can he change it to a cheaper vehicle? Also is it too late to change the term? For example, instead of 60 months. Can he change it to 36 or even 24 months?

[m4gician]

^the vehicle is a bit on the expensive side.

If he can't back out. Can he change it to a cheaper vehicle? Also is it too late to change the term? For example, instead of 60 months. Can he change it to 36 or even 24 months?

Oh ya, definitely.

The deposit essentially means you're leaving money with the dealership. Most reasonable people will take the money towards another car that they have.

[fastlayne]

Did he get one of these?:

http://www.autospies.com/images/users/iepurilah/chrysler_300C_gallery7.jpg

Nah, not no gangsta ride. Maybe a Viper! ;)

I can only assume that mom is less than pleased, and that is why you are intervening. Otherwise your dad is a big boy and can live with his decisions.

[T-Man]

^the vehicle is a bit on the expensive side.

If he can't back out. Can he change it to a cheaper vehicle? Also is it too late to change the term? For example, instead of 60 months. Can he change it to 36 or even 24 months?

You mean he felt like he paid too much? What did he buy? It Sounds like Buyer's Remorse.

Most dealers would rather have the customer simply switch to another vehicle on their lot then simply to try and cancel out of a deal. At least I would assumed so. I had a customer who bought a Caliber SXT from me, after we did the deal, he decided the Caliber SXT Sports Plus with a few nicer options, would be something he'd be happier with in the long run, so my boss simply said yes. I know I know, in my case he he wanted a slightly more expensive vehicle. But the other way could work too. Maybe you should go back with your dad, explained to them, why a different vehicle on their lot would be a better/right kind of vehicle for him, they would likely be understanding about it.

Changing the term shouldn't be too much of an issue, the payments going from 60 months to 36 month or 24 would simply shoot up.

P.S I do deal in Used too you know:D:D:D

[hOrnizuka]

You mean he felt like he paid too much? What did he buy? It Sounds like Buyer's Remorse.

Most dealers would rather have the customer simply switch to another vehicle on their lot then simply to try and cancel out of a deal. At least I would assumed so. I had a customer who bought a Caliber SXT from me, after we did the deal, he decided the Caliber SXT Sports Plus with a few nicer options, would be something he'd be happier with in the long run, so my boss simply said yes. I know I know, in my case he he wanted a slightly more expensive vehicle. But the other way could work too. Maybe you should go back with your dad, explained to them, why a different vehicle on their lot would be a better/right kind of vehicle for him, they would likely be understanding about it.

Changing the term shouldn't be too much of an issue, the payments going from 60 months to 36 month or 24 would simply shoot up.

P.S I do deal in Used too you know:D:D:D

He should have deal with you instead.

Anyway the vehicle he got is a 05' dodge grand caravan with 77000km. Sale price is 11250.

Another thing is that i saw there is an ext warranty that he bought extra. Can it be removed? Also there is $651 life insurance/disability insurance. Can it be removed as well?

[microwave]

high chance your dad is stuck with the vehicle. if you get lucky they might let him go for something else, usually more expensive. if he does bail then he will lose the deposit for sure.

this is why you should always leave a small desposit if possible and make sure you have a way out on the contract.

[T-Man]

He should have deal with you instead.

Anyway the vehicle he got is a 05' dodge grand caravan with 77000km. Sale price is 11250.

Another thing is that i saw there is an ext warranty that he bought extra. Can it be removed? Also there is $651 life insurance/disability insurance. Can it be removed as well?

I recently a couple months back sold an 07 Caravan to an RFD'er with about 40ish K for around 12K:cry:.... it was a popular colour too, Silver.

The extra stuff he bought in the business office, again thats part of the discretion of the dealership since its in a contract but of course anything "can" be removed, he/you would likely have to sit down with the business manager. If it makes you feel any better heres a quote I read from Edmunds.com.

"Everything that is sold in the business office is worth it, for the right price". In other words, the stuff in the business office is negotiable too.

Your best strategy would be to simply go with your dad, meet the Used car manager, tell them why a different vehicle on their lot might be a better vehicle to suit your needs. As long as you're reasonable, they should be happy to simply flip you into a different vehicle, this way you both would be happier in the long run.

Good Luck!.

[hOrnizuka]

I recently a couple months back sold an 07 Caravan to an RFD'er with about 40ish K for around 12K:cry:.... it was a popular colour too, Silver.

The extra stuff he bought in the business office, again thats part of the discretion of the dealership since its in a contract but of course anything "can" be removed, he/you would likely have to sit down with the business manager. If it makes you feel any better heres a quote I read from Edmunds.com.

"Everything that is sold in the business office is worth it, for the right price". In other words, the stuff in the business office is negotiable too.

Your best strategy would be to simply go with your dad, meet the Used car manager, tell them why a different vehicle on their lot might be a better vehicle to suit your needs. As long as you're reasonable, they should be happy to simply flip you into a different vehicle, this way you both would be happier in the long run.

Good Luck!.

:cry: Thanks for all the help guys. I can't believe my dad actually made that deal.