That helps - but the language says that what constitutes a written binding contract is state specific. Some states (CA and WA) as an example do not allow for a vehicle special order to be binding on the purchaser until the vehicle is delivered to the dealer. In VA, I am not sure what makes it binding. My deposit was less than the 5% threshold (closer to 2%), but it is non-refundable and I am required to take delivery of the car within 48 hours of its delivery to the dealership and to make finance arrangements at that time.
So - the "binding" language is still a little fuzzy for a bunch of people given different state laws on what constitutes a binding order (or even if they are allowed).
