Car contracts and deposits

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Before you sign

The agreement for sale, or contract, is a legally binding document. Make sure you read and understand it before signing.

Contract details

Never sign a blank contract or one with any unfilled spaces. Insist all costs are clearly itemised.

Make sure a delivery date is specified, otherwise you may have a long wait for the vehicle. If the dealer cannot specify a delivery date, the contract should include a date after which you no longer wish to proceed with the purchase. 

The contract should specify the vehicle’s colour and any other particulars or optional extras. If you want to buy a car manufactured in a particular year, then you should also specify that in the contract. 

Deposits

It is common practice for licensed motor car traders to take a holding deposit for the car when you sign a contract. The deposit amount may vary.

Make sure you get a receipt for this money.