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  #13  
Old 02-19-2014, 05:27 AM
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Re: Signing Negotiated Price Scribbled on Paper

This sort of scribbled paper agreement is worthless. Basically, it's leverage for them to guilt you. "You signed an agreement!"

While I try to honor my agreements whenever possible (especially handshakes), these sorts of things dealerships do are just plain silly. Follow you conscience but in terms of legality you're fine if you decide to buy somewhere else.

Tony
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Old 02-19-2014, 08:40 AM
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Re: Signing Negotiated Price Scribbled on Paper

Yep just business. Tell them you have found what you want. Thank them for the deal on the Jeep and go get the truck you really want.
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  #15  
Old 02-19-2014, 11:11 AM
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not bound at all. you can get out of a car purchase for pretty much any reason until you take title.
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  #16  
Old 02-21-2014, 12:31 AM
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In my world a man is his handshake.

Cheers,
Steve
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  #17  
Old 02-21-2014, 05:31 PM
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Re: Signing Negotiated Price Scribbled on Paper

What harm could come from mentioning your disappointment and letting them squirm a little? I'd bet they offer you some kind of deal just to keep your business. Even if they meet you half way its a win, right?
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  #18  
Old 02-23-2014, 02:28 AM
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Re: Signing Negotiated Price Scribbled on Paper

Quote:
Originally Posted by Tony407 View Post
This sort of scribbled paper agreement is worthless. Basically, it's leverage for them to guilt you. "You signed an agreement!"

While I try to honor my agreements whenever possible (especially handshakes), these sorts of things dealerships do are just plain silly. Follow you conscience but in terms of legality you're fine if you decide to buy somewhere else.

Tony
When I purchased my first new car, the salesman did the same exact thing. It's definitely designed to excite and pressure. IANAL, but it's not a contract. Handshakes are important, but they also should work to keep your business if they want it.
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Old 02-23-2014, 03:17 AM
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Re: Signing Negotiated Price Scribbled on Paper

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In my world a man is his handshake.

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until you walk into a courtroom
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  #20  
Old 02-23-2014, 04:55 AM
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Quote:
Originally Posted by kennzz05 View Post
until you walk into a courtroom
... and my objective is to act honourably such that I never have to.

Many like to feed the Magpies instead.

Ciao,
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  #21  
Old 02-23-2014, 06:16 AM
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Quote:
Originally Posted by Barboots View Post
In my world a man is his handshake. Cheers, Steve
I agree. Once I've said a deal is going to happen, I'm in.

While you are probably safe to back out, I'd take my lumps and move forward with honoring the deal I struck.
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Old 02-23-2014, 08:24 AM
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Re: Signing Negotiated Price Scribbled on Paper

While I completely agree in honoring verbal and hand shake commitments, I think in the car buying world a price scribble on a piece of paper is really like a "memorandum of understanding" rather than a binding contract. In other words, it is an agreement to proceed along a path of negotiation (to the eventual closing) but neither party is agreeing to be bound. If the parties wanted it to be binding, they would have signed a purchase agreement instead.

You are free to walk away...

(gavel bang)

Next case.
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  #23  
Old 02-23-2014, 08:40 AM
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Re: Signing Negotiated Price Scribbled on Paper

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Originally Posted by amr40509 View Post
I agree. Once I've said a deal is going to happen, I'm in.

While you are probably safe to back out, I'd take my lumps and move forward with honoring the deal I struck.
The dealership would never do the same for you.

I'm all for being honorable, but this is business and if you're living by a "code" the other side isn't living by, you're going to get burned.

It would be different if that relationship and goodwill did something for you down the line, but once you drive off it's forgotten and worthless.

Look out for yourself.
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Old 02-23-2014, 10:32 AM
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Re: Signing Negotiated Price Scribbled on Paper

WhiteJeepers, how'd this all work out for you?
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