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Meaning of spot delivery in English a situation in which a product such as a car is paid for and taken by the customer immediately, rather than in the future: Spot delivery benefits the dealer because the customer has no time to reconsider or change his mind.
Is spot delivery illegal in California?
\u201cA spot delivery is illegal in California; however, a dealership can let a buyer take the car home without financing for 10 days. Under California's laws, a dealer has the right to ask you to return the vehicle within 10 days if they can't find financing.
Is Spot Delivery legal in Texas?
A spot delivery is not legal unless the consumer has filled out a conditional sales contract (also called a bailment agreement) and it has been made very clear to the consumer that they may have to return and sign another contract with higher payments, higher interest, or larger down payment.
What is a spot car?
The "spot delivery" is a technique that car dealers use to get you to take delivery of a vehicle immediately after you agree on a car deal. But be warned: Just because you put down cash and roll away from the dealership with a new vehicle doesn't mean you'll get to keep driving it.
What does car spot mean?
A car spotter is a person who is typically strongly interested, in an amateur capacity, in car spotting, which is observing or photographing interesting, vintage, rare, modified,sport cars and exotic supercars on public roads, streets, garages, meets... Car spotters can be found worldwide.
Meaning of spot delivery in English a situation in which a product such as a car is paid for and taken by the customer immediately, rather than in the future: Spot delivery benefits the dealer because the customer has no time to reconsider or change his mind.
Is spot delivery illegal in California?
\u201cA spot delivery is illegal in California; however, a dealership can let a buyer take the car home without financing for 10 days. Under California's laws, a dealer has the right to ask you to return the vehicle within 10 days if they can't find financing.
Is spot delivery illegal in California?
\u201cA spot delivery is illegal in California; however, a dealership can let a buyer take the car home without financing for 10 days. Under California's laws, a dealer has the right to ask you to return the vehicle within 10 days if they can't find financing.
Is Yo-Yo financing illegal?
This is illegal under both state and federal law, and results in the consumer paying interest on the transaction that he has no legal obligation to pay. Federal and state financial disclosure laws treat this as a serious legal violation.
Is spot delivery illegal in Florida?
Yo-Yo/Spot Delivery. Regardless of the euphemism, such forms and provisions are flatly illegal; contrary to TILA, the FCRA, the ECOA, UDAP and in many cases result in actual theft.
spot delivery california
7 U.S. Code § 15b - Cotton futures contracts
(1) Cotton futures contractThe term “cotton futures contract” means any contract of sale of cotton for future delivery made at, on, or in any exchange, ...
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