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I assumed cooling off period would be 7 days although this was not made clear.
Yes. The deal was signed on 5/5/14 but today the dealership has said the car is ours and ready to go - registration and road tax has been assigned in our name.
When explained we didn't want the car anymore, they then offered a cheaper finance package and told us to think about it.
thank you for your answer.
I have made it abundantly clear that I am willing to compensate for their losses as I had asked for valeting and some interior work which apparently cost about £400 in addition to their administration costs as well as relinquishing the initial deposit paid, but they seem steadfast in holding me to contract.
so in conclusion, if there is no cooling off period present, I would be in breach of contract but liability on my part would only be for the dealership's costs in preparing the car. Is that correct?
If so, if we wish to break the contract would it be better to go back in person or send a recorded letter stating our intentions?
Many thanks I advance.