Sale of vehicle cancellation
 

If someone made an offer for your car and you accepted with an email
Response, can you still cancel?

Problem is the potential buyer has already prepared a bank draft so
Can he get That canceled ? ( Rbc bank draft )

I want to sell my car but the new car replacement has fell through.
Posted via RS Mobile

Yes you can cancelllll you don't really have a binding agreement/contract. I'm sure the buyer would understand.

Actually that technically is binding but you could probably just talk it out.
Posted via RS Mobile

he can cancel the bank draft and you can cancel the sale if you choose.

Since there was no paper work involved, you can probably just walk away.

But I would reimburse him for the fees on the draft and maybe a bit more for wasting his time.

THIS

I was in a similar situation except I was the buyer. We had a verbal agreement in place. In the next 48 hours, I sold my car, talked to my bank, arranged financing, etc.

Then suddenly the seller explained he was changing his mind (for various reasons) and could no longer sell the car.

I was choked/furious but after a few days of discussion I was able to convince him to keep his word. Thank goodness.

I'm only posting this so you can see it from the buyer's perspective as well. Yes technically you can walk away but it could be douchey, depending on the buyer's situation.