TERMS AND CONDITIONS

1. If the buyer pulls out of the sales agreement or finance is declined through no fault on the buyer, the holding deposit is non-refundable and CBP Automotive LLC reserves the right to cancel the sales agreement and keep the deposit.
   
   
2. If the purchase of the vehicle will be paid in cash, cheque or electronic transfer, full payment of the agreed sale price must be made within 4 working days from the date of paying a deposit. If full payment of the agreed sale price of the vehicle is not completed in 4 working days, CBP Automotive LLC hold the right to keep the holding deposit and cancel the sales agreement.
   
   
3. If the buyer chooses to purchase the vehicle by Bank Auto Loan (Hire Purchase Agreement) the documentation required to apply must be provided within 4 working days from the date of this sales agreement. If the buyer chooses to submit the application to a bank of their choice, the application must be submitted within 4 working days. If the required documents are not submitted within 4 working days, CBP Automotive LLC reserves the right to cancel the sales agreement and keep the deposit.
   
   
4. If the buyer chooses to purchase the vehicle with a Bank Auto Loan (Hire Purchase Agreement), bank approval and LPO (Local Purchase Order) must be completed and issued by the bank within (14) calendar Days from the date of the deposit. If this does not occur, CBP Automotive LLC holds the right to cancel the sales agreement and keep the holding deposit.
   
   
5. If the buyer chooses to purchase the vehicle by Bank Auto Loan (Hire Purchase Agreement) and the application is rejected for any reason. CBP Automotive LLC reserves the right to keep the holding deposit and cancel the sales agreement.