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No Longer Want to Trade-in My Car - What to Do?

Discussion in 'Australian Consumer Law Forum' started by Vicki, 19 July 2014.

  1. Vicki

    Vicki Member

    19 July 2014
    Likes Received:
    I signed a contract today on a second hand car, to collect late next week, and trading my car in. I have since been offered more for my car privately. I called the dealer saying I no longer wanted to use my car as a trade in. I was told that I have to trade my car in as they have already done a deal to sell my car on to a smaller dealer. I have waived my cooling off period. Any advice on Australian Consumer Law would be greatly appreciated.
  2. Tim W

    Tim W Lawyer
    LawTap Verified Lawyer

    28 April 2014
    Likes Received:
    Once you signed with the dealer, the car was no longer entirely yours to sell
    (even if you hadn't actually handed it over yet).*

    Assuming you still want to buy the car,
    offer them the equivalent amount of cash and see how you go.

    * This is because the dealer now has an equitable interest in the car
    for which you need to have regard
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    rebeccag and John R like this.

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