Quote:
Originally Posted by The X Men
Once the sales agreement has been sign, it is pretty hard to back out.
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Not really...
You can simply back out. Your deposit is forfeit.
The dealer must try to sell the car to someone else.
The dealer can sue you for damages, but unless your car is unsellable to anyone else (in theory), their damages are the amount of extra money it cost them to sell your car, not the total price of the car.
If the dealer sells your car the next day to someone else, their damages add up to basically zero. Since they have already forfeit your deposit, they have likely already been compensated for their damages.
Considering the cost of lawyers, it's unlikely that this will ever happen. My best guess is the standard practice for dealers when a customer backs out is to just keep the deposit and move on to try to sell to someone else.