If I trade in my car to get a brand new one can I change my mind and take it back to the dealer the next day?

Answer 1

Generally not, so think long and hard about the new car being really what you want, need and can afford (payments, insurance, fuel), the whole thing. There is NO "cooling-off" period after buying a new car. The primary reason for this is that the vehicle immediately becomes a used vehicle as soon as the tires touch asphalt, as you leave the dealership, losing about 15% of its value right there.

You can often rent for a few days the exact make and model you are thinking of buying, for example: Hertz rents Fords and Jaguars; Thifty rents Chryslers and Dodges; others rent GM and Toyotas. This could ease your decision to buy one new or not.

Also, some dealerships do offer 100% buy-back satisfaction guarantee on used cars with only a few thousand miles on them, valid for a few days or a few hundred miles, so maybe that would be a better option for you than a brand new car.

Answer 2

Most likely not. Even if there were something drastically wrong with the new car you bought, they would first have the right to try and fix it - providing you a rental car of course. The dealer is not likely to just voluntarily take back a car that is now technically "used". Also, my guess is that the title work went to the state the evening that you bought the car. If the dealer will do this, they should be hailed everywhere as a saint.

There are some 24-72 hour try and drive programs out there, and if you are lucky enough to have bought a car that is in that program - then it's just that - you are one lucky person.

Answer 3

Lol if your car is still there and not gone. Ask your dealer first, and get it in WRITING.