I signed the contract for a car today, but did not put down the down payment and did not leave with the car. I want to change my mind, can I get out of it?
2007-02-14 08:04:35 · 6 answers · asked by msuewill23 2 in Cars & Transportation ➔ Buying & Selling
I have signed everything. But I told the guy that I had to get the down payment that is why I did not get the car.
2007-02-15 02:14:32 · update #1
There are no Nation Wide laws that give you the right to change your mind after a purchase. Once you sign, it is yours. No such thing as 3 days, unless a door to door salesman comes to your house, knocks on your door, and sells you something.
Now, in your case, since you have not given money, and did not take delivery of the car, you may not be stuck.
Did you sign an offer to purchase, or the Bank Contract?
If you went through and signed the Odometer, Bank Contract, Insurance form, Purchase Order, and every other piece of paper, then the dealer can claim that you purchased the car, and can cash the contract with the bank, which is binding.
If you just signed a Purchase Order/Buyers Order, and nothing else, then you can still back out of it if final papers have not been signed.
Let me know exactly what you signed, and I can tell you the best way to move forward.
2007-02-14 16:10:08 · answer #1 · answered by Robert S 3 · 0⤊ 0⤋
A few years ago, I was in the Port Arthur, Texas Jefferson county courthouse & as I was leaving, I noticed a copy of a news paper clipping on the bulletin board that stated ( Bob Bullock had passed a law that gives a person three days to change his mind about purchasing an item.)
2014-07-09 12:28:42 · answer #2 · answered by charles 1 · 0⤊ 0⤋
If you haven't taken delivery of the vehicle and have not handed out cash... you're in the safe zone.
You don't need to go through with it.
Be careful with what you're doing though!!! You sound a little trigger-happy to get a car! Get what you can afford, hon... not what you WANT!
Good luck!
2007-02-14 08:11:18 · answer #3 · answered by rob1963man 5 · 0⤊ 0⤋
call the dealer and say your having a panicky post purchase decision and hyperventilating... And since you didn't take possession and no money exchanged hands there will be no further action for either party to take. As far as I now there is a 3 day like or dislike lemon law in effect nation wide. But please don't sandbag me if I'm wrong.
2007-02-14 09:19:46 · answer #4 · answered by Kill_Me_Now! 5 · 0⤊ 1⤋
I believe you have three working days to back out of the contract. But I'm not sure.
2007-02-14 08:08:54 · answer #5 · answered by bugear001 6 · 0⤊ 1⤋
Generally, most states give you 3 days to get out of a deal.
NOT WORKING DAYS, weekends DO count.
Although check your local laws to be sure.
2007-02-14 09:07:36 · answer #6 · answered by Anonymous · 0⤊ 1⤋