Used Cars: purchase price contract, scare tactic, contract binding

Question
we signed a form for a purchase price contract indicating what we would buy the vehicle for if we were to buy it.  when i called hem to indicate we didn't want it anymore and wouldn't be in to pick it up and sign the paperwork they told me we had already bought the car.  but we never signed over the title, or finished signing any paperwork indicating the absolute final purchasing price, how long for our loan or any of that.  are we still liable to purchase the car or is that purchase price contract binding and we have to buy the car.

Answer
I just had this question, You can check with the Dept of Transportation in your area to see dealer laws. This is just another dealer scare tactic. If you know what bank approved you and can find another dealer who use's that bank you can use that approval,all approvals are good for 30 day's. Hope this helps.

I'm from Texas and the law is if you do not take possession (no goods received) you do not have to fulfill the contract, Next, call your insurance company immediately and have a note put on your account "Do not add any insurance to any vehicles without my personal info, you must call me first at ### ### ####" The dealer cannot cash the contract without verification of full coverage ins, but the salesman may try to call and add the car on your policy. Last call the bank who the loan is with, tell them that your not trying to be rude but you felt pressured, you did not take delivery, you will not put insurance on the vehicle and have no plans what so ever of making any payments. You may be threatened that you will have a repo but that is just a scare tactic, the bank won't tell you that but the dealer may, don't worry. Relax, everything will work out. Now the dealer may call you up and try to re negotiate the deal, if they offer you a better price or interest rate you may want to re consider. Let me know if you need more help and Hey have a great day.