We traded in our truck for a minivan and after a closer look at our finances, we realized that we had made a bad decision. Our new vehicle payment is $200 more than our old one. We have gone in over our heads and want to see if we can get our old truck back. It has been over a week that we have had the new minivan. We also put money down on it. I don't think the checks have been sent out or anything. Can we get our truck back? Has anyone been through this?
2007-06-09 10:00:49 · 4 answers · asked by tmae 2 in Cars & Transportation ➔ Buying & Selling
Generally no. The dealer didn't twist your arm and make you decide to trade for a new one. What you have now is called "buyers remorse" and it's your problem, not the dealers. Stop and think about it for a minute from their perspective. Would you allow someone to drive a new vehicle for a week, after you have done all the needed paper work, let them bring it back and give them back their trade in (perhaps even take it away from someone looking to buy it) and return it along with their down payment? Neither will they. Sorry, too late. Some (not all) states will give you a 3 day return for a new (not used) vehicle under some conditions, but even if your state allows, you are past the time now anyway. Enjoy your minivan.
2007-06-09 10:21:51 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
Wow, a week? I'm sorry. Not very likely. Most states regulate some "buyers remorse" time frame to guard against high pressure tactics used by some salespeople. It's usually no more than a couple of working days. After that, you would need to find an undisclosed fault and hire a litigator. Do you have gap insurance? Wrap it around a tree. Kidding!! Don't really do that.
2007-06-09 17:25:30 · answer #2 · answered by Doug M 1 · 0⤊ 0⤋
Sorry to say you are pretty much stuck, but did you buy an extended warranty, or life and disability insurance? If so you can cancel this, it will not lower your payments but the balance on the car, then go to a local bank and refinance it, you may have to look at going a longer term, also most banks allow you to defer 2 payments a year.
10 years in auto biz
2007-06-09 17:21:28 · answer #3 · answered by misty m 4 · 0⤊ 0⤋
As in bring the van back and say the deal is off? No will not happen. You can trade it back in but you will lose as you will not get what you paid for it.Best chance is to see if you can sell it. Go to kbb.com and you can look up what it is worth, as a trade in, selling yourself, or what you should of paid a the dealer.
2007-06-09 17:07:06 · answer #4 · answered by Pengy 7 · 0⤊ 0⤋