Booked a car can I cancel the booking?

[zuch]

Originally Posted by dhaval

Well in that case i suggest you wait. I presume that since you are replacing your Accent with a new one, in all probability you will opt for the top of the line Fiesta 1.6 SXi. I also have a feeling that if atall the new Fiesta is launched, Ford may offer certain goodies (read that as certain features as standard) only in the 1.6 petrol version and may be the same features as option in the base 1.4 petrol version, inorder to keep the price under check. If atall you opting for the 1.4 then may aswell go ahead and buy the car rather then wait for long. And to spoil it further, why not think about diesel as a option and wait for the 1.6 TDCi.. just kidding dude!!

dhaval

Yes I am planning to go for the 1.6SXi. Diesel would not suit me as I only drive 10-15Kms on a normal day since my office is really close to my place(Sometimes I walk or cycle too if the weather permits it . I will mainly be taking the car out on weekends and on long road trips a couple of times a year. So it doesn't justify me spending the extra money on diesel.

Originally Posted by shortbread

Zuch,

You can easily get your booking back as long as no vehicle is registered in your name at the RTO. If you are purchasing it on a loan ask the bank not to provide the dealer with a release letter or order. If you are no where close to these steps there is absolutely no reason that the dealer cannot refund your deposit on producing the receipt and a cancellation letter (in which its not a must that you have to give a reason). In most cases if you have changed your mind and purchasing from a rival dealer, they will stake the claim on your behalf if you provide them with the documentation.

9 times out of 10, dealers without a legitimate second hand car division will rely on third parties eg. Local brokers and agencies. The column mentioning the name of the buyer of your old car is left empty as they will be selling on the car and not buying it for themselves. In this case get a statement signed by both parties that such an exchange has happened and chase the third party for legitimate documentation when he does sell your old car.

The purchase price of your old car is mostly as per Market standards. The reason the Ford Dealership is able to give a good price is mostly due to the fact that the discounts of the new car is used to hike up the price of your old one. A good way to find out is to send a friend to the same or rival Ford dealer and to haggle for a similar model without having to exchange a car. This will give you a true picture of the cars discount and what he is holding back from you.

Thanks shortbread. This is really useful information. So far I have just given a token amount and it seems that it's not very difficult for me to back out if I want to.

I spoke to the salesman yesterday about cancellation. He took it nicely and had promised to refund me the money today. But after giving it a lot of thought I am going to keep the booking and ask the dealer to postpone delivery of my vehicle to next month since a new model is coming out and I am convinced that this is the car that I want to buy unless they make some ugly changes to the shape.

The information about second hand car division is very usefull. I called them to find out about the procedure and they are giving me a letter on the dealerships letterhead stating that they are buying the car from me. Internally they may be selling it to a dealer but they have assured me that the papers will get transferred to the new owner and it's cumpolsory for them to do that and only then will they get a comission from ford india for the exchange and the payment will be made via a demand draft.

Is that enough or do I need to ask them for some other papers?

[shortbread]

The statement on a letterhead holds good as a temporary document, make sure you have an attested copy (preferably by your local RTO)of the Old cars RC book with the new owners details as a back up document once the car is purchased by someone.
Best of Luck