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Thread: Obligations when Cancelling Boat Purchase Illinois

  1. #1

    Default Obligations when Cancelling Boat Purchase Illinois

    I am in Illinois and signed a sales agreement to purchase a boat in Missouri (from a Missouri boat dealer). I did this about 30 days ago and was expecting to take delivery around the first of July. At this point I can't find the sales agreement but wanted to ask whether I have the right to cancel the order at this point. I have put $2,000 down and expect to lose part or all of that money.

    My circumstances have changed dramatically during the past week and I can no longer afford to purchase the boat. Any advice you can offer would be appreciated.

  2. #2
    Super Moderator
    Join Date
    Apr 2007
    Il.(near STL,Mo.)


    You will want to ask for a copy of the sales agreement ("contract"). Your answer will probably be in there.
    Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around. Leo Buscaglia

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  3. #3
    Senior Member
    Join Date
    May 2015


    Agreed, this is going to be determined by what's in the contract. We can only guess at what portion, if any, of the $2000 they are entitled to keep.

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