Bigboar Neutral Newbie November 23, 2008 Share November 23, 2008 Dear All need some advise, i had make 10K downpayment using 3 diffrent card. Is it possible to stop the transaction. As now don't feel by buying Undestand if payment by cheque, can call bank, pay a fees and cancel. But wonder can credit card do the same? pls help ↡ Advertisement Link to post Share on other sites More sharing options...
Arowana1 1st Gear November 23, 2008 Share November 23, 2008 tink u mistaken. cancellation of payment is separate from cancellation of purchase. if u wanna cancel purchase, go back to shop to negotiate or exercise whatever t&c within ur rights. if u wanna play punk and risk being sued, go ahead, cancel the charge on ur cc. Link to post Share on other sites More sharing options...
Fondue Neutral Newbie November 23, 2008 Share November 23, 2008 Its easy to cancel transaction, but that does not equate to cancelling the purchase. Link to post Share on other sites More sharing options...
Bigboar Neutral Newbie November 23, 2008 Author Share November 23, 2008 Actually the downpayment is to book a car yesterday. Now wanna cancel. possible? Link to post Share on other sites More sharing options...
Bigboar Neutral Newbie November 23, 2008 Author Share November 23, 2008 That means best is to call the agent to disscue? Link to post Share on other sites More sharing options...
Sony 1st Gear November 23, 2008 Share November 23, 2008 you have entered into a contract... best is to talk to the agent.. and credit card transaction cannot be cancelled just like that.. otherwise, what safeguard is there when everyone just buy something and call to cancel transaction... Link to post Share on other sites More sharing options...
Xiao_qiang 1st Gear November 23, 2008 Share November 23, 2008 YEs.. But be prepared to get by your agent.. Link to post Share on other sites More sharing options...
Turbonetics 2nd Gear November 23, 2008 Share November 23, 2008 wah,buy car can use credit card. very good leh. can earn big points. Link to post Share on other sites More sharing options...
Sfhuang Clutched November 23, 2008 Share November 23, 2008 Of course you have to call the agent to discuss. Bear in mind that you have already entered into a contract, it is not so simple to cancel the purchase. Link to post Share on other sites More sharing options...
Booboon 1st Gear November 23, 2008 Share November 23, 2008 (edited) Dont understand how u ppl buy car. Some sign contract w/o keeping a copy for one self. Some buy car liao now want to back out a deal. Buying car involve tens of thousands and not play masak masak. Best is call yr agent can cancel deal anot. The most pay a few hundred as kopi money. Edited November 23, 2008 by Booboon Link to post Share on other sites More sharing options...
Liuz0004 Clutched November 23, 2008 Share November 23, 2008 call CC company and cancel all payments. den when agent calls you back and say payment denied, you tell them something personal has happened between you and the banks which u do not wish to disclose. then tell him you no cash cannot down for the car. so haf to put on hold. meanwhile, ask your banks not to disclose any information to anyone since it shld be confidential. in tat way, the agent call your bank also no use liao. Link to post Share on other sites More sharing options...
Speedsun Clutched November 23, 2008 Share November 23, 2008 Why not discuss with the sales person? Since you have only booked yesterday, a lot of paperwork may still not process, you still have a chance to cancel it. If not, you have to find some excuses... Link to post Share on other sites More sharing options...
Leepee 1st Gear November 23, 2008 Share November 23, 2008 n all the hype of $2 cheap car, many may be in your case. Having second thoughts, rash follow the herd instincts to buy a car thinking it's a good deal. I was in the showroom this weekends, like fish market, very good sales. I would say the cars are indeed cheaper by $2-5k as compared to last month. Maybe there is a 14 days think thru period where u can cancel the deal. Talk to your dealer nicely. He may be earning so much comissions that losing ur deal is small peanuts to him. Don't worry, he may not have lock in the contract with his boss yet, there is good chance to cancel. Can revels why u want to cancel? Not a good deal? Or other pi give better deal? Or u regret? Why? Link to post Share on other sites More sharing options...
Silver_blade Turbocharged November 23, 2008 Share November 23, 2008 Best to talk to your SE. Do it the proper way. I wonder if there a colling off period for car buying customers. Link to post Share on other sites More sharing options...
Blackyv Turbocharged November 23, 2008 Share November 23, 2008 just curious, how old are u??... Link to post Share on other sites More sharing options...
Robo 2nd Gear November 23, 2008 Share November 23, 2008 u have entered a contract. i believe the TnC in the contract will say that if u back off the deposit or downpayment will be forfeited. but den again. sorry to ask u use the CC cuz u wanna earn pts or ??? wad i know normally is people use either hard cash or cheque. seldom CC Link to post Share on other sites More sharing options...
Hub_n_mona 1st Gear November 23, 2008 Share November 23, 2008 Sign 3 credit cards?? Did you think it through? Shopping for big ticket items needs time to think through..some people rush into it using lesser time than it takes to decide on groceries (as my fren once qouted to me).. I think you can stop the bank paying (one means would be to take all your cash out and not pay your credit card debt-> hope you read the article on CC debt) but you cannot default on the purchase agreement contract that you signed..you most prob will lose the deposit or a huge part of it. Link to post Share on other sites More sharing options...
Hub_n_mona 1st Gear November 23, 2008 Share November 23, 2008 I think CC not allowed at some ADs? Think KM dont really allow payment of rest of downpayment (after booking fee) with CC. ↡ Advertisement Link to post Share on other sites More sharing options...
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