cancel HVAC contract before work begins

What is the name of your state? VA

In late September (It's now January) of 2006, I signed a purchase agreement to have an Air Conditioner installed for $8,900. Actually, this document is not entitled. Rather, the first statement in the document reads,

[XYZ Corp] proposes to furnish and install equipment listed below in accordance with the following conditions and specifications.

... further down the proposal ...

INSTALLATION SCHEDULE:
-- The equipment will be ready for installation in approximately 1-10 days
-- We estimate the time required for this installation to be 1 day

GENERAL:
-- It is understood that this proposal sets forth our entire agreement.
-- This proposal will be a contract between us if accepted by you, subject to the approval of our credit and engineering departments.

TERMS:
$0.00 Downpayment
$0.00 Balance Upon Completion"

FINANCED:
$0.00 Downpayment
$X,XXX Financed by Wells Fargo

While there is no written schedule for installation, I have set up an appointment for installation this Friday.

Bottom line: I want out of this contract. I'm not comfortable with my current financial situation, and furthermore, I have since discovered from subsequent quotes from other contractors, that this is a $7000 job, not a $9000 job. What adds insult to injury is that the contract I signed is with the incumbent HVAC maintenance company for the existing 13 year-old system that needs to be replaced. One would think that current customers would be treated fairly -- perhaps hiking the price $500, not $2000! I was so naive, buyer beware, etc., etc.

While the proposal indicates that this is financed through Wells Fargo, and even gives the payment plan ($/month), I have not had any real banknote-looking documents from any financial institution; perhaps that will come later. The only thing that was done was a credit check by the HVAC salesman, and he said I'm good to go on a 5-year finance plan.

I have not yet contacted the contractor, who is scheduled to arrive in just two days to begin the work. I want to know my rights before calling.

Am I on the hook here?

I have studied previous posts, but I'm still unsure:

https://forum.freeadvice.com/showthread.php?t=201929
https://forum.freeadvice.com/showthread.php?t=317170
https://forum.freeadvice.com/showthread.php?t=321986
https://forum.freeadvice.com/showthread.php?t=286744
https://forum.freeadvice.com/showthread.php?t=176034
https://forum.freeadvice.com/showthread.php?t=137805


Thanks In Advance.

larsonm said:

What is the name of your state? VA

In late September (It's now January) of 2006, I signed a purchase agreement to have an Air Conditioner installed for $8,900. Actually, this document is not entitled. Rather, the first statement in the document reads,

[XYZ Corp] proposes to furnish and install equipment listed below in accordance with the following conditions and specifications.

... further down the proposal ...

INSTALLATION SCHEDULE:
-- The equipment will be ready for installation in approximately 1-10 days
-- We estimate the time required for this installation to be 1 day

GENERAL:
-- It is understood that this proposal sets forth our entire agreement.
-- This proposal will be a contract between us if accepted by you, subject to the approval of our credit and engineering departments.

TERMS:
$0.00 Downpayment
$0.00 Balance Upon Completion"

FINANCED:
$0.00 Downpayment
$X,XXX Financed by Wells Fargo

While there is no written schedule for installation, I have set up an appointment for installation this Friday.

Bottom line: I want out of this contract. I'm not comfortable with my current financial situation, and furthermore, I have since discovered from subsequent quotes from other contractors, that this is a $7000 job, not a $9000 job. What adds insult to injury is that the contract I signed is with the incumbent HVAC maintenance company for the existing 13 year-old system that needs to be replaced. One would think that current customers would be treated fairly -- perhaps hiking the price $500, not $2000! I was so naive, buyer beware, etc., etc.

While the proposal indicates that this is financed through Wells Fargo, and even gives the payment plan ($/month), I have not had any real banknote-looking documents from any financial institution; perhaps that will come later. The only thing that was done was a credit check by the HVAC salesman, and he said I'm good to go on a 5-year finance plan.

I have not yet contacted the contractor, who is scheduled to arrive in just two days to begin the work. I want to know my rights before calling.

Am I on the hook here?

I have studied previous posts, but I'm still unsure:

https://forum.freeadvice.com/showthread.php?t=201929
https://forum.freeadvice.com/showthread.php?t=317170
https://forum.freeadvice.com/showthread.php?t=321986
https://forum.freeadvice.com/showthread.php?t=286744
https://forum.freeadvice.com/showthread.php?t=176034
https://forum.freeadvice.com/showthread.php?t=137805


Thanks In Advance.

Click to expand...

GENERAL:
-- It is understood that this proposal sets forth our entire agreement.
-- This proposal will be a contract between us if accepted by you, subject to the approval of our credit and engineering departments.

Well , your cancellation may be a breach of contract .

If you go ahead with the cancellation , it would be up to a court to decide if you were overcharged unfairly .

Perhaps you only received an Estimate .

Have you even spoken to the Co. to see why the difference ?

If you're that adamant about cancellation , consult an attorney that practices contract law in your area . Why did you wait till the last minute .

Bottom line , you need a replacement , 7 grand is not unreasonable . There is more work to remove and install a new Furnace than just that .
Plus we do not know what you agreed to , as far as any extras .



Come back and let us know what the CO. says to your inquiry .