When is a purchase a purchase?
I recently read a thread on another forum I thought was interesting. It’s seems this guys orders a fifth wheel, it comes in, a PDI is performed and as normal, some items needed fixing. As the story un...
Forum Discussion
gbopp wrote:
I would think if he got a loan amd signed all the papers he owns the unit.
Correct, as soon as you sign the paperwork and the dealer either gets the money or stipulates that they will get the money, the camper belongs to the buyer.
None of this "driven off the lot" nonsense. If I bought a car from that Caddie dealer, signed papers and exchanged money, then got in and wrecked into a bunch of parked cars before I left the lot, would that be covered under the dealers insurance? No, the accident occurred in my own privately owned vehicle that had yet to be "driven off the lot", and the responsibility is mine. If it was a test drive, its the dealers insurance. Once I legally own the vehicle, its my insurance.
What if some other customer wrecked into my Caddie after I bought it and left the scene without leaving information? Would the dealership fix the car because it hadn't been driven off the lot? Of course not.
