Almost daily I get emails from people asking me how they can back out of car deals and vehicle leases that they signed, and asking me how they can get their deposits back.
Let me give you some good old fashioned, down-home advice on this:
Don't sign any sales contracts, lease contracts or finance contracts unless you are absolutely certain that you want to go through with the deal.
Don't give any car dealer or private party a deposit on a car deal unless you are absolutely sure you are going to see the deal through to it's final conclusion.
Take your time when deciding on a car deal. Don't make any rash decisions. Take a day or two and sleep on the deal before you make your decision.
Use common sense!
Car dealers want you to make a quick, emotional buying decision. They want you to decide on the spot. They do not want you to take your time in deciding.
They know that if you leave without buying a car there's a good chance you will not come back. This is why they will pull out all the stops to close the deal with you when they have you there in their clutches.
Countless numbers of people fall prey to this pressure, then the next day they are overcome with a bad case of "Buyer's Remorse!" This is when all the trouble begins, because at this point you will have already signed a binding sales and/or finance contract, and more than likely you will have given them some money as a deposit.
Why do you think the car dealers want you to give them a deposit in the first place? It's not a legal requirement. They want a deposit so they can control you. They want you locked in just in case the "Buyer's Remorse" monster rears it's ugly head!
Take your time. Don't be pushed into making an emotional decision. There are plenty of vehicles for sale out there. Don't worry, you won't miss out on getting the one you want.
If a car dealer get's too aggressive or obnoxious with you simply break off negotiations, get up and leave. You are in control - not the car salesman!
Use Common Sense!
Enough said!