Joined Nov 2011
L7: Teacher
Forum Thread
Bad Situation....
May 14, 2013 at
12:28 PM
in
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So I went to a car dealership to look at a Mitsubishi Eclipse I'm interested in. I took it for a test drive and was convinced to put down a deposit for the price they were giving it to me for. I asked if I could get a refund if it falls through (they don't offer financing, full cash only). They said yes and go back and forth telling me "congrats on your car!". "I'm like dafuq?" I signed a purchase contract that stated a deposit is non-refundable yet the dealer told me I could if worse comes to worse. Even the manager came up to me and said if need be, we can refund it. Bad situation. Am I SOL? 
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I ma being sarcastic since you will probably be finding out the hard way.
It'll stand up to my bank's disputes departmentIt doesn't matter what ANYONE has said about this car, or the deal, only the terms contained within the contract are binding...yadda, yadda, yadda...and that translates to "you are screwed"
So let's say that the bank reverses the charges...you get your money back...well the dealership can contest the reversal, show them the contract and say that their customer (you) are obligated to pay that amount and that it should be re-reversed back to them.
Then the dealership can go AFTER YOU for additional fees related to getting the money (that you legally owed them) BACK!
Most states allow for 3x the cost.
So if it cost them 100 bux to get their money back, you would owe them $300 on top of the $500 you already paid.
So then you'd be up to an $800 lesson!
It doesn't matter what ANYONE has said about this car, or the deal, only the terms contained within the contract are binding...yadda, yadda, yadda...and that translates to "you are screwed"
So let's say that the bank reverses the charges...you get your money back...well the dealership can contest the reversal, show them the contract and say that their customer (you) are obligated to pay that amount and that it should be re-reversed back to them.
Then the dealership can go AFTER YOU for additional fees related to getting the money (that you legally owed them) BACK!
Most states allow for 3x the cost.
So if it cost them 100 bux to get their money back, you would owe them $300 on top of the $500 you already paid.
So then you'd be up to an $800 lesson!
Close enough. Congratulations on half of a car!
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Close enough. Congratulations on half of a car!
So it looks to me that you just learned a $500 lesson...one that you'll hopefully not do again.
Hopefully.
Welcome to the party Mal!
I'd stake $500 on it!
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