help

[bluepeter]

I put a deposit down on a van on wednesday and in return got a used vehicle invoice back from the trader.Today I have just got a new job that comes with a van so now no longer need the van i put the deposit on, on wednesday.
What are my rights to cancel this agreement?
Thanks in advance for your help.

[NORMANTHEDOG]

how did you pay the deposit.

[bluepeter]

i paid cash

[Andyvon]

I think you can cancel the agreement bluepeter but you will lose your deposit. That is generally the purpose of the deposit as it covers any expenses incurred by the trader by your initial interest. After all, he could possibly have sold the vehicle to someone else if you hadn't shown interest but now he still has the vehicle.

[eddiescars]

You entered into a contract to purchace the vehicle , and legally the trader is entitled to hold you to that contract, However it is most likley that he will accept your situation and cancel the agreement if you are prepaired to forfit your deposit (unless you have clear evidence that the deposit was refundable ).Bite the bullet, either loose your deposit in compensation to the trader for lost sale, or buy the vehicle,

[muppeteer]

is there a 14 day cooling off period? if so they may have to refund the deposit.
if you tell them the real reason it will just wind them up & they will prob try & keep the deposit.
tell them you have suffered a financial blow & you can no longer afford it- will go down much better & they may give up your money without a fight.