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Old 11-26-2014, 12:20 AM   #1
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Purchase agreement wording

I am considering purchasing a 3 year old 5th wheel from a large dealership. Their purchase agreement contains the following statement:

XXX RV accepts only certified funds. No cooling off period or 3 day right to rescind.

I guess it's sign the agreement and if, as you are pulling the rig out of the parking lot, an axle breaks it's too bad too sad, tell it to the chaplain.

Is this typical to used RV sales?

I am just trying to get a feel for the integrity of this dealership. A google search has left me less than enthusiastic about dealing with them, although most of the complaints have been regarding lack of customer service (warranty work) after the sale, which would not apply to this transaction.

Will appreciate any thoughts.
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Old 11-26-2014, 12:31 AM   #2
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Quote:
Originally Posted by KnightsWatch View Post
I am considering purchasing a 3 year old 5th wheel from a large dealership. Their purchase agreement contains the following statement:

XXX RV accepts only certified funds. No cooling off period or 3 day right to rescind.

I guess it's sign the agreement and if, as you are pulling the rig out of the parking lot, an axle breaks it's too bad too sad, tell it to the chaplain.

Is this typical to used RV sales?

I am just trying to get a feel for the integrity of this dealership. A google search has left me less than enthusiastic about dealing with them, although most of the complaints have been regarding lack of customer service (warranty work) after the sale, which would not apply to this transaction.

Will appreciate any thoughts.
Yes that is the way it is the auto and truck dealerships also.
Once you sign,it is yours.
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Old 11-26-2014, 01:33 AM   #3
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You buy, it's yours. Ensure you do your due diligence inspecting the unit before finalizing the purchase.
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Old 11-26-2014, 06:57 AM   #4
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You buy, it's yours. Ensure you do your due diligence inspecting the unit before finalizing the purchase.
X2, my daughter bought new 5er and in less than one week it was back at the dealer for the cougar electronic panel issue.
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Old 11-26-2014, 08:30 AM   #5
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Usually the 3 day cooling off period applies to financial institutions--it has to signing for a loan and the truth in lending Act. The purchase agreement will have "boilerplate" information pertaining the sale as it applies to the state laws where the purchase is made, but purchase agreements can also contain much more including what is added in writing the day of the sale. A sale is a negotiation--what the buyer and seller agree to, and it is both wise and a legal necessity to have it in writing on the signed sales agreement. If the dealer says he'll put new tires on it--makes sure it is on the sales agreement and says so. If the dealer says he'll fix anything wrong in the first 30 days make sure it says so on the sales agreement. Anything written (typed or ink) on the sales agreement (also know as a purchase order or agreement) and signed by nth the buyer and seller is a legal document that will stand on its own in any court of law. Just like you have a price limit you will agree to and not budge, you can have other deal makers or breakers--just make sure it is written down. If it isn't written down--it never happened. And BEWARE of selective listening--hearing only what you want to hear and tuning out the rest.
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Old 11-26-2014, 08:43 AM   #6
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Quote:
Originally Posted by KnightsWatch View Post
I am considering purchasing a 3 year old 5th wheel from a large dealership. Their purchase agreement contains the following statement:

XXX RV accepts only certified funds. No cooling off period or 3 day right to rescind.

I guess it's sign the agreement and if, as you are pulling the rig out of the parking lot, an axle breaks it's too bad too sad, tell it to the chaplain.

Is this typical to used RV sales?

I am just trying to get a feel for the integrity of this dealership. A google search has left me less than enthusiastic about dealing with them, although most of the complaints have been regarding lack of customer service (warranty work) after the sale, which would not apply to this transaction.

Will appreciate any thoughts.
It's not unusual but typically doesn't pertain to warranty. In some locations you might otherwise have a "buyers remorse" provision that allows a buyer, that has not taken delivery, the ability to cancel the contract within X days. You know, the "WOW, I'd really like to have a 42' boat ! ... oh wait, I don't live near the water!"
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Old 11-26-2014, 10:17 AM   #7
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yes, the 3 day "cooling off" period doesn't apply to purchasing vehicles; new or used.
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Old 11-26-2014, 10:25 AM   #8
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yes, the 3 day "cooling off" period doesn't apply to purchasing vehicles; new or used.
You can thank the motorcycle dealerships for that. Guys buying their Harleys on Friday and bringing them back on Monday with their tails between their legs cause wifey won't have it.
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Old 11-26-2014, 10:32 AM   #9
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If the dealer WILL NOT GIVE YOUR a 30 warranty, the IMO WALK AWAY.
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Old 11-26-2014, 11:22 AM   #10
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If the dealer WILL NOT GIVE YOUR a 30 warranty, the IMO WALK AWAY.
Warranty is a different issue ... you can get a warranty and still not get the opportunity to cancel the contract once signed.
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Old 11-26-2014, 11:32 AM   #11
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You can thank the motorcycle dealerships for that. Guys buying their Harleys on Friday and bringing them back on Monday with their tails between their legs cause wifey won't have it.
What?? . . . Wow, now I know what the term "Coming outta left field" means!
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Old 11-26-2014, 11:38 AM   #12
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No state REQUIRES a 3 day "cooling off period" on a contract written at the dealers location. Only if they're selling door to door and you sign the contract in your home.
For some reason people believe it covers all contracts everywhere. It doesn't.
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