I have purchased a car 2 days ago, and now of course after I got the contract signed I found something better, is there any way to get out of the contract? Its a new car.
2007-05-03 01:43:04 · 11 answers · asked by Agent007ishere 2 in Cars & Transportation ➔ Buying & Selling
Check with your state laws. I sell cars and in my state the buyer has 3 days to return, and I lose my commission
2007-05-03 01:51:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Check your states laws . In some states this also applies to car contracts
The cooling off period is generally reserved for sales that happen in your home and where the salesperson was not invited. An example of such a case would be where a salesperson is canvassing a neighborhood, stops in, and you sign a contract.
The intent of the cooling off period is to recognize that the parties are not on equal ground since the salesperson is geared up for the sale but the consumer is caught unaware.
This does not apply to any situation where the consumer visits the merchants' place of business and signs a contract at that location and seldom includes a situation where the consumer calls and invites the salesman to a pre-arranged appointment.
2007-05-03 01:50:01 · answer #2 · answered by R1volta 6 · 1⤊ 0⤋
you in basic terms isn't waiting to get your old automobile returned if the vehicle dealership has already offered the vehicle. it is as a results of the fact events who purchase automobiles from dealerships are reported to take the vehicle "in stable call." that does no longer mean that the broker is off the hook. i'm no longer clean on the credit technique. Did the dealership say some thing to the consequence of "ok, the indoors maximum loan went by way of, it is the place of work work. Your month-to-month charge would be X, your interest fee is Y, please sign here." If she/he did, then you certainly've an extremely good case against the dealership. in the event that they reported some thing to the consequence of "we are having some themes with the credit gadget now, we provide help to're taking the vehicle living house on the instant yet we can pick you to return returned to end the types," you have a heavily worse case. the two way, state rules would be what determines this healthful so which you will pick an criminal expert. If worst consists of worst, in basic terms get them to take your automobile returned, call for that they pay Blue e book fee on your commerce in, and flow %. up a automobile at a diverse dealership. it is quite no longer something to get this worked up over.
2016-12-28 09:13:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You signed a legal contract to purchase a vehicle. You have also taken possession of the vehicle which means you are now driving a used car. There is no cooling off period. Enjoy your new car and stop driving yourself crazy with "better deals"
2007-05-03 04:51:16 · answer #4 · answered by Tony J 2 · 0⤊ 0⤋
If money changed hands and you drove it off the lot with anything besides a dealer tag, the car is legally yours. However, some states have cooling off periods. We have one in Virginia, but it only applies if the salesman goes to you, not if you come to the lot. Some dealerships will let you exchange the vehicle for another one that will be a comparable deal for them. If you financed it, they can call the bank and do a substitution of collateral and keep the same loan in place.
2007-05-03 01:54:49 · answer #5 · answered by Killjoy52 2 · 0⤊ 0⤋
Read the contract carefully. There is no federal law on this - but certain states require this and certain dealers offer this as a perk. Where the states require this they also require that this be in the purchase contract. Unless your contract talks about this option - you probably don't have a return option.
2007-05-03 03:10:21 · answer #6 · answered by Ansrgeek 7 · 0⤊ 1⤋
I'm not 100% positive, but you have 3 business days to legally back out of a contract. You need to call them A.S.A.P. and tell them before the 3 days are over.
2007-05-03 01:54:36 · answer #7 · answered by bug 3 · 0⤊ 0⤋
There is NO COOLING-OFF PERIOD,,,,,PERIOD. This is reserved for in-home sales, if you went to the dealer, picked out a car, signed the contract, and drove off the lot, it's yours.
Congrats on your new car.
2007-05-03 02:12:33 · answer #8 · answered by jay 7 · 0⤊ 0⤋
Check with the BBB; some states will give you a 3 day back out on some contracts if you haven't taken delivery. Might also go back to the dealer and see if they will match it.
2007-05-03 01:46:34 · answer #9 · answered by wizjp 7 · 0⤊ 1⤋
this type of contract may be voided within 3 days (no reason is necessary)
2007-05-03 01:47:54 · answer #10 · answered by Robert P 6 · 0⤊ 1⤋