When is an RV purchase final?
Not real knowledgeable on this type of stuff but...here goes. We signed papers for the loan doc last week. Loan was approved yesterday. We are supposed to do our walk through on Monday. However, we ha...
Forum Discussion
The purchase is final when the transaction documents are signed.
When you get your loan is irrelevant; when you take delivery is irrelevant.
When you sign your transaction documents, (i.e. the Bill of Sale) you are entering into a binding contract, the terms of which will be spelled out in that contract. If you signed a Purchase Order and tendered a deposit, the Purchase Order will define specific performance expected by both parties. For example, it may say that if you fail to complete the transaction, you will forfeit your deposit.
If you have any doubts as to where you are in the process, see your lawyer, not an internet newsgroup.
The time to read reviews and do your due diligence is before you hand over a wad of cash, not after.
Disclaimer: I am not a lawyer, but I am a dealer.
When you get your loan is irrelevant; when you take delivery is irrelevant.
When you sign your transaction documents, (i.e. the Bill of Sale) you are entering into a binding contract, the terms of which will be spelled out in that contract. If you signed a Purchase Order and tendered a deposit, the Purchase Order will define specific performance expected by both parties. For example, it may say that if you fail to complete the transaction, you will forfeit your deposit.
If you have any doubts as to where you are in the process, see your lawyer, not an internet newsgroup.
The time to read reviews and do your due diligence is before you hand over a wad of cash, not after.
Disclaimer: I am not a lawyer, but I am a dealer.
