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

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Vicki

Member
19 July 2014
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0
1
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.
 

Tim W

Lawyer
LawTap Verified
28 April 2014
4,125
742
2,894
Sydney
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
 
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