Car delivery makes contract binding
Dear Terry,
I purchased a vehicle in late October and decided the next day I didn’t want it! I talked to the dealer, but he said he can’t take it back. Well, he also put in the contract that I put $800 down when I didn’t. I also didn’t sign a promissory note. I just want out of the contract. Is it possible?
— Malcolm
Dear Malcolm,
Unfortunately, contracts for cars are binding once they are signed and the vehicle is delivered.
You say you didn’t sign a promissory note, so exactly how was the car to be paid for? And if you didn’t pay $800 down, did you give the dealer a trade or some other form of collateral?
The bottom line is that if you and the dealer agreed to the terms as spelled out in the sales contract, you likely are going to have to keep the vehicle and make payments.
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