Hi,
I placed a $1000 deposit for a used vehicle 2014 Hyundai, with the understanding I would finance the remaining amount.
The dealer advised the finance manager would take a few days to return with their best finance package.
The dealers finance rates were above market rate so I choose to fund the car via my bank. During the process of financing the vehicle the dealer sold the vehicle (informing me by voice mail) and advising that my that my deposit will not be refunded. As I had not paid in full within the week.
Now that my finances are available (2weeks after deposit) to purchase the original vehicle for which I signed a contract. The dealer has offered 2 options
- Purchase another vehicle. (Which I do not want and is greater amount)
- Lose deposit
Could you please assist in helping me understand my legal position, and any referencing to NSW consumer law would be great.
I can't believe you ended up giving them your business despite what they have put you through? Was it the only way you'd get your money back?