I am out of state (CO), and last week put down a $500 deposit on a used car from Bertera Chevy in Palmer, MA. I did this so the car wouldn't be sold and was told "it is refundable if you decide that you don't want the car".
After applying for the loan and asking them to overnight me the paperwork. I cautiously reconsidered after receiving the paperwork and see the total cost of the loan. the $19,000 loan would cost me almost $6,500 over 72months. Prior to putting together the paperwork and fedexing, we had gone over all of the numbers over the phone. That is, all except for the whammy number, the cost of the loan.
I then dug deeper and downloaded the pics of the car online, enlarged them as much as my computer would allow, and scoured them. I then was able to see a considerable amount of cosmetic damage to the rear side of the car.
With the high loan cost and the newly discovered damage, I called today and told them I am not going through with the purchase. They stated that they may not give me my deposit back since they have already "prepared the car for delivery" and because I'm "canceling in the 11th hour of the sale".
I have NOT signed any paperwork, and no longer want the car, or to deal with those people. How can I get my deposit back.
They are telling me that I bought the car already, even though I haven't received the car or signed any contracts.
Any help would be appreciated!