Contract Cancellation Option Agreement Pdf

2. If the withdrawal option contract has not been charged to the buyer, the merchant withdraws the buyer, no later than the day after the buyer exercises the right of withdrawal, any motor vehicle that the buyer has transferred to the seller in the form of a down payment or trade-in.  If the dealer has otherwise sold or transferred ownership of the motor vehicle that could remain in the form of a down payment or trade-in, the full refund described in paragraph 1 includes the fair value of the motor vehicle, which remains in the form of a down payment or exchange, or its value, as indicated in the contract or in the order. , higher. (f) This section does not affect or alter the legal rights, obligations, obligations or obligations of the purchaser, trader or representatives or beneficiaries of the sale of the merchant that would exist in the absence of a contract option agreement.  The purchaser is the owner of a vehicle if he accepts a vehicle until the vehicle is returned to the dealership pursuant to a retraction option contract and the existence of a retraction option contract does not impose user liability on the dealer, agents or dealer transfers, in accordance with Section 460 or 17150 or otherwise. (e) Notwithstanding the subdivision (a), a dealer is not required to offer a contract to cancel the contract to a person who has exercised his right to cancel the purchase of a vehicle by the dealer under a retraction option contract for the 30 days immediately preceding.  A dealer is not required to notify a later purchaser of the return of a vehicle in accordance with this section.  This subdivision does not exclude or limit the disclosure requirement imposed by other statutes.

(7) A statement that the retraction option gives the purchaser the right to cancel the purchase and obtain a full refund, net of the purchase price of the withdrawal option contract;  and that the right of withdrawal applies only if, within the time limit provided for the retraction option, the buyer is personally delivered to the seller: a written notification in which the right to withdraw the purchase signed by the buyer is exercised;  storage costs, which are added to the cancellation contract, net of the purchase price of the cancellation contract;  the initial agreement to cancel the contract and the vehicle sales contract and associated documents, when the seller provided these original documents to the purchaser;  all titling and registration documents for the original vehicle, when the seller has provided these original documents to the purchaser;  and the vehicle, free of any right of pledge and any charge, with pawn rights or charges other than those caused by the conditional or accessory sales contract by the conditional sales contract, any loan arranged by the distributor or any purchase loan obtained by the buyer by a third party, and in the same condition where it was delivered by the trader to the buyer , appropriate wear and tear and any mechanical defects or problems that appear or become evident after delivery that were not caused by the buyer and must not have been driven beyond the kilometre limit set in the contract with the retraction option.  The contract may also provide that the purchaser executes documents reasonably necessary to make the cancellation and refund, and as is reasonably necessary to comply with applicable legislation. (g) This section does not impair a buyer`s ability to terminate the contract or revoke its acceptance under another law. (b) For compliance with the subdivision (a) and notwithstanding clause 2981.9 bGB, a termination contract is included in a separate document from the conditional sales contract or other sales contract and contains at least: 6. A statement indicating the maximum number of miles the vehicle can drive to the purchaser after its initial delivery by the dealer to remain involved in the cancellation option.