Hoping to get advice so I have some the proper info before I approach dealership. I am in the stage of Colorado.
Here's background info:
I traded in a leased vehicle, which was paid off by the dealership, I presume (on the web page of the financial institution I leased vehicle through, it says 'payoff'). I ordered a car, and have not purchased the car yet, as it has not been received by the dealership. So currently waiting on delivery of the car to dealership. I have $1000 deposit with dealership, which they said was non refundable. When I spoke to the sales manager I considered backing out of this deal, he told me that my only option was to buy my old car back, which is currently for sale on their lot. I was taken aback by this, but assumed this to be a true statement.
I spoke to an individual at another dealership, and he says I have every right to back out of this deal, and collect my deposit as well. I did not sign paperwork to purchase the car, as I neither have the car in my possession, nor is the car in the dealer's possession.
Am I stuck with this car, as the dealer employee has informed me? The only document I recollect is a piece of paper that says what the purchase price is, and that I agree to it. And a form for a deposit. But I was informed in the state of Colorado, you can not have a non refundable deposit?
I don't appreciate being lied to, particularly when I approached this dealer in a cordial manner. I do not wish to put any business in a financial bind, but I also don't appreciate being misinformed to my face. I will seek counsel if needed, particularly if I was lied to.
Thank you
Here's background info:
I traded in a leased vehicle, which was paid off by the dealership, I presume (on the web page of the financial institution I leased vehicle through, it says 'payoff'). I ordered a car, and have not purchased the car yet, as it has not been received by the dealership. So currently waiting on delivery of the car to dealership. I have $1000 deposit with dealership, which they said was non refundable. When I spoke to the sales manager I considered backing out of this deal, he told me that my only option was to buy my old car back, which is currently for sale on their lot. I was taken aback by this, but assumed this to be a true statement.
I spoke to an individual at another dealership, and he says I have every right to back out of this deal, and collect my deposit as well. I did not sign paperwork to purchase the car, as I neither have the car in my possession, nor is the car in the dealer's possession.
Am I stuck with this car, as the dealer employee has informed me? The only document I recollect is a piece of paper that says what the purchase price is, and that I agree to it. And a form for a deposit. But I was informed in the state of Colorado, you can not have a non refundable deposit?
I don't appreciate being lied to, particularly when I approached this dealer in a cordial manner. I do not wish to put any business in a financial bind, but I also don't appreciate being misinformed to my face. I will seek counsel if needed, particularly if I was lied to.
Thank you