Offer to purchase

[Swift-wp]

Hi guys,

Since this is my first time buying a car, I have a question that you guys will probably be able to answer. If I sign an offer to purchase for a vehicle and it gets approved for finance by a bank, am I forced to take the car?

 

[Ono'rach]

Have a look at your contract, there should be a "cooling-off" period (usually 7 days) in which you can change your mind.

 

[Heisenborg]

NCA also provides a backout period if im not mistaken

 

[D3x!]

yeah imo an offer to purchase is not binding

 

[roddyp]

Be careful. i think it might be. I think the cooling off period only applies if the contact is signed off site. (e.g. at your house) There are also limits to the value.

Not sure though, but be careful as these contracts etc are pretty shrewd. So err on the side of caution

 

[rorz0r]

Not at all, tell the stealer to piss off if he tried to hold you to it.

 

[Swift-wp]

Thanks for the replies guys. The offer to purchase was emailed to me as the dealer is in a different part of the country.

 

[D3x!]

Thanks for the replies guys. The offer to purchase was emailed to me as the dealer is in a different part of the country.

is this a new or used vehicle? i assume used? wh would you want to purchase a vehicle that is far away from you? have you seen the vehicle?

 

[Swift-wp]

is this a new or used vehicle? i assume used? wh would you want to purchase a vehicle that is far away from you? have you seen the vehicle?

It is used. Well I'm originally from the area and have people who are more particular about cars than me checking it out. That is the best deal I have found in the past 3 months.

 

[D3x!]

It is used. Well I'm originally from the area and have people who are more particular about cars than me checking it out. That is the best deal I have found in the past 3 months.

ok that sounds better, the only thing i would be worried about is if you have issues to take it back

 

[Swift-wp]

ok that sounds better, the only thing i would be worried about is if you have issues to take it back

It is a G2 GM vehicle, so I can take it to any GM dealer nationwide to have it fixed.