Am I legally bound by? Please please help

[Piscine75]

Please help. I think we've made a terrible mistake. Went to buy a car from a dealer on sat 31st as so many of them had offers running that week but they all expired on that day. It was a hour before they closed on new years eve and the sales guy seemed a bit rushed. Offered us a good deal on car subject to finance and even though we pushed to have the weekend to think about it he assured us that the deal would be taken off the table after the weekend. We did not have our cards on us to give us a deposit but he got us to sign a form called "Contract to buy a motor vehicle" subject to finance.

We have got the finance but recently heard that there is a strong likehood that the LAFHA will be gone in July so we decided that we do noy want to commit to such an undertaking.

The problem is I have just seen in small print that there is no cooli9ng off period? What can I do? Should I go to the solictor?

There is no point in posting how naive and stupid we were. We already feel this and could kick ourselves from perth to the uk

[bensdad]

As long as he put subject to finance on the form that is fine. All you need to do is say your not happy with the finance rate quoted and therefore your not prepared to proceed. If they come back with a counter offer just say politely that Toyota offered 3.9% and you feel hard done by and therefore as the finance is not agreeable you can back out. If subject to finance is not written down and you signed you are obliged to buy the car.

This happened to us they wanted us to sign so subject to finance was put in the form. This way the sales guy doesn't get moaned at if he doesn't hit targets as his answer is he sold the car and it was not his fault the finance couldn't be agreed.

[jackboots]

Can't you say we won't be in the country to pay the finance and do the deal , we have to relocate asap

[Piscine75]

Thanks guys.

I rang the car dealer and told him that my job did not work out and that I would be unable to afford finance.

He said I signed a legal document and that it would be up to the manager at the car dealership but that I would need proof that I was no longer working from my employer which is going to be difficult as I only used this as an excuse.

Any advice?

[Give me a break!]

I have a friend who works in this kind of field Ive just asked her, her opinion I will get back when I find out more.

[Give me a break!]

Right the info that I have been given is that you really do need to speak to legal aid, its free, or a financial councellor, they need to really look into the contract

[Piscine75]

Right the info that I have been given is that you really do need to speak to legal aid, its free, or a financial councellor, they need to really look into the contract

Thanks for your assistance