Lease Advice?

[skiingj]

Local dealers do not have a G70. I'm working with a couple an hour or two away that seem willing to negotiate and get what I want. They want me to sign a lease so they can retrieve the car. So in other words I will sign a lease days or a week or two before I get the car. Is that normal?

 

[EdP]

Local dealers do not have a G70. I'm working with a couple an hour or two away that seem willing to negotiate and get what I want. They want me to sign a lease so they can retrieve the car. So in other words I will sign a lease days or a week or two before I get the car. Is that normal?

Depends on the dealer. They want a serious commitment before they bring in a car. Did you have a test drive somewhere? If you are confident that is the car you want, no big deal. If unsure and possibly going to back out, I can understand their reluctance.

 

[skiingj]

Thanks!

 

[tarhoosier]

I considered the long distance lease option and that dealer said if they delivered the car and I declined, the deal was moot. That is what he said, if you can believe what car salesmen say. I eventually went with a local dealer. There is a right of rescission in most (all?) states to cancel a deal within three days for any or no reason. I assume this applies to the transaction discussed here.

 

[skiingj]

I'm in CA and I don't believe there is a 'right of rescission'. Most if not all finance offices have the no cooling off period sign. Thanks for the info!

 

[EdP]

I considered the long distance lease option and that dealer said if they delivered the car and I declined, the deal was moot. That is what he said, if you can believe what car salesmen say. I eventually went with a local dealer. There is a right of rescission in most (all?) states to cancel a deal within three days for any or no reason. I assume this applies to the transaction discussed here.

Good point, but when do the three days start? The dealer can take four days to deliver.

 

[danygenesis]

AFAIK lease contracts are final without any "cooling period", there is no right to rescind your contract.

 

[Mcc]

From Edmunds:
For new cars, your legal rights can be summed up in the one sentence that's posted on the wall of many dealership sales offices: "There is no cooling-off period."
The Federal 'Cooling-Off Rule'
You might have heard there is a federal cooling-off rule for some purchases. There is such a rule, but it is primarily meant to protect consumers from high-pressure door-to-door sales tactics. It explicitly doesn't apply to automobiles. If you signed the sales contract, you own the car. And the law is on the side of the seller.

 

[tarhoosier]

Thank you