Can I back out of a used car deal?

  • Thread starter Thread starter Potrzebie
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Potrzebie

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I signed the agreement to purchase a used car but have not signed any loan or bank paperwork. I'm supposed to go in a couple of days to sign the final (financing) paperwork and pick up the car. I left no deposit. The agreement simply says if you default on this agreement you forfeit your deposit. What are the real chances of being sued? I'm in Manitoba, Canada. And what's the best excuse to give?
 
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