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  1. Join Date
    Sep 2007
    Posts
    40
    #1
    Hi,

    Last week I acquired a used 2003 altis from a seller (owner). We have already signed a deed of contract and I have already issued a check for full payment.

    Now I am having second thoughts about the car.

    I am thinking of returning it and getting my money back. Is this possible? The deed of sale is not yet notarized. Or is it already legally binding?

    Thank you.

  2. Join Date
    Jan 2016
    Posts
    6,710
    #2
    AFAIK, any signed agreement. notarized or not, is legally binding. You just have to ask the other party if you can still undo the deal.

  3. Join Date
    Feb 2012
    Posts
    202
    #3
    I agree, i think its legally binding na. Anyway no harm in asking the seller, otherwise compensate munalang siguro kahit papano kasi parang na waste ang time or he loose other potential buyers.
    Just my opinion mate.


    Sent from my iPhone using Tapatalk

  4. Join Date
    Oct 2009
    Posts
    2,271
    #4
    kamote buyer...

  5. Join Date
    Aug 2008
    Posts
    1,585
    #5
    Quote Originally Posted by flat_four_fan View Post
    Hi,

    Last week I acquired a used 2003 altis from a seller (owner). We have already signed a deed of contract and I have already issued a check for full payment.

    Now I am having second thoughts about the car.

    I am thinking of returning it and getting my money back. Is this possible? The deed of sale is not yet notarized. Or is it already legally binding?

    Thank you.

    Nasa iyo na yung sasakyan di ba?

  6. Join Date
    Jul 2013
    Posts
    5,619
    #6
    naisip ko lang...

    What if the seller notarized his copy of the deed of sale?

    Pero honestly, Once you drive off with the car, it's yours...

    Kung ako man binilhan mo nung car, di din ako papayag na ibalik mo sya...

    I suggest you talk to the previous owner if he's willing to "technically" buy it back from you...

    Or just sell the car.

  7. Join Date
    Jul 2009
    Posts
    3,604
    #7
    Contracts are binding even without notarization...

  8. Join Date
    Jan 2013
    Posts
    1,853
    #8
    May we know why you're having second thoughts now?

    Sent from my ONEPLUS A3000 using Tapatalk

  9. Join Date
    Jun 2005
    Posts
    3,774
    #9
    Quote Originally Posted by jaypee10 View Post
    kamote buyer...
    Kup*l tawag sa ganyan.

    Sent from my MI MAX 2 using Tapatalk

  10. Join Date
    Sep 2014
    Posts
    8,492
    #10
    baka na-bore sya sa Altis. kung ako man pag nasa kalye yan mga Altis as in ayaw ko na tignan.

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Cancelling a used car deal