T-Rev
Well-Known Member
Wisconsin Legislature: Trans 139.05(5)(c)1.Thanks for that response! Do you happen to know what Ford Dealers in Wisconsin typically do the buyer needs to back out of the Purchase Agreement?
I found this snippet on the State of Wisconsin DoT.
So, that's like $3K
This is also on the same page, but I don't exactly know how this is applicable
Basically, I want to know what the penalty would be on me if the worst case scenario occurred. Lost a job, got hit by a bus, etc...
Financial reasons is the biggest out.
(j) Clearly state financing contingencies in the manner provided in s. Trans 139.055. If the purchaser is unable to obtain acceptable financing, the purchaser may cancel or rescind the contract and shall, within one business day, receive a full refund of any down-payment, and return of trade-in vehicle, or title for trade-in vehicle, or both, and no penalty shall be assessed. If the trade-in vehicle is not available, the purchaser shall receive the trade-in allowance.
Only put down a deposit with a credit card. Don't provide them cash or a check.
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