Can we pull out of a deal after paying the deposit over the phone?
We paid the deposit for a car over the phone and overnight had second thoughts about whether we wanted to go ahead. We told the dealer this the next morning, but they say we will lose the deposit. We haven't signed anything yet - can we back out and get our money back?
Asked on 15 July 2010 by SteveQB
Answered by
Honest John
Yes, the deposit is the 'consideration' that makes the deal a contract. Backing out is a breach of that contract.
Tags:
consumer rights
deposit
Similar questions
I saw a car on a dealer's website. I spoke with him and he asked for a deposit to hold it until I inspected it, which I did within a few days. He said that the deposit was non-refundable. His website states,...
I put down a deposit on a car from a main dealer, but he now says I have to wait a few weeks for the logbook to arrive. Can I have my deposit returned?
I'm purchasing a Nissan Qashqai from a dealership. I noticed in the service book that its service had been delayed due to a warranty repair. I asked the salesman what the repair was and he said he would...
Elsewhere on 
