Forum Discussion
mike-s
Nov 21, 2017Explorer
frisbeekev wrote:Legally? What about ethically? What value do you place on your word? You committed to purchase, now you want to back out. I suspect you'd be very upset if the dealer called after you placed a deposit and told you the price would be $4000 more. How is this any different?
We have been searching for an upgrade, and found 2 dealers one local and one who was not, they were close in price and I didn't have to drive my trade to another state, we got an emailed price, I accepted it and put a deposit down,and they have started the title process, now the out of state dealer sent me a price lower by 4000 dollars. AM I legally binded to the local dealers or can I back out, and go with the out of state dealer?
Sure, you can back out. But, don't expect to get your deposit back. That would be unreasonable and unethical.
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