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Old 08-31-2012, 02:05 PM   #7
GreenHell
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Join Date: Aug 2012
Drives: 2012 BMW 535xi, 2008 Altima
Location: East Coast
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Well, you're somewhat screwed! At the very least, I would consider your $100 deposit gone and at most, you're on hook for paying for the car. I think the outcome of your situation depends on how far the dealer is willing to take the case.

Legally speaking, they have a valid contract but you might be in a somewhat grey area because they still have possession of the car. Whatever you do, do not take possession of that car if you do not want it. The most they could do is take you to court which might not be a bad thing because you will have the opportunity to explain to the judge how high pressure tactics of experts “confused” your “sleep deprived” self into signing what-you-didn’t-know-was-a-contract for a car you cannot afford.

Hopefully, they didn't secure financing and register the car already! Make it extremely clear (with evidence) that you do not want the car before they register it in your name, if not already registered.
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