When is a completed buyer's order considered legally binding?

A completed buyer's order is considered legally binding when both parties agree on a price and sign the buyer's order. This agreement represents a mutual consent between the buyer and the dealer, establishing the terms of the sale. The signature on the buyer's order signifies that both parties understand and accept the conditions outlined, including the price of the vehicle.

While a deposit may indicate a buyer's intention to purchase, it does not, in itself, create a legally binding contract until both signatures are affixed to the buyer's order. Similarly, the satisfaction of the dealer or the delivery of the vehicle are processes that may follow after the buyer's order is signed, but they do not establish the legal binding nature of the agreement. Thus, the key moment for legal obligation is when the price is agreed upon and the buyer's order is signed by both parties.