This factsheet provides you information on the ability to cancel an agreement with a engine vehicle investor utilising the cooling-off duration in the Motor Car Traders Act 1986 (Vic). Regulations Handbook provides information on other liberties you might have.
If you wish to you will need to get free from agreement by having an engine automobile investor, look for legal services straight away. It could be a great deal more difficult вЂ“ and frequently impossible вЂ“ to work out your liberties if you let too time pass that is much.
THE COOLING-OFF DURATION
There is the straight to cancel a agreement to shop for vehicle from the engine vehicle investor:
Three вЂclear daysвЂ™ will not through the time upon that your agreement had been finalized, Saturday, Sunday or even a general public vacation.[ii] A notice setting-out your cooling-off liberties must be within the contract.[iii]
JUST HOW TO CANCEL OPERATING COOLING-OFF RIGHTS
STEP ONE: Get advice about most of the liberties it’s likely you have to cancel the agreement, as well as your cooling-off liberties.
STEP 2: Fax a letter to your engine vehicle investor
Termination on the basis of the cooling-off right must be written down. An example page are present below.
Make certain you keep a duplicate of the page and evidence it was gotten because of the engine vehicle investor within three clear times of you signing the agreement. Continue reading →