She financed this car that she bought from a shady dealership. She financed the car for 7,000 dollars. The car has major things wrong with it. Can she recind this deal? It was only friday when she went through this and she did not listen to anyone who advised her not to buy it....including me. But this is my little grandaughter and I want to help her because she needs this car to get through college. I thought there was a 3 day federal consumer law that would allow one to recind any deal made within the three day window after it was made....is this true? Thank you in advance for ANY information on this.
2007-10-07 14:14:00 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
She lives in Louisiana! She could have had my old Buick (runs great) for free! But she is stubborn and wanted a "newer model". Big mistake!
2007-10-07 14:24:12 · update #1
pretty sure you are right
but you may want to check with your motor vehicle department.
she got the car friday, this will only give you until tomorrow to find anything out.
good luck. Iknow in my state (Michigan) There is a state lemon law.
2007-10-07 14:25:18 · answer #1 · answered by bakerone 3 · 1⤊ 2⤋
The 3 day right of rescission mentioned by others ONLY applies to purchases from door to door salesmen. . Unless they brought the car to her UNSOLICITED, she was committed as soon as she signed the paperwork. Even If she changed her mind before she saw the car, signing the contract makes the deal FINAL.
2007-10-07 14:56:51 · answer #2 · answered by STEVEN F 7 · 3⤊ 0⤋
READ all the paperwork she signed with the purchase of the car. I know the 3 day right of recission applied to REAL ESTATE, but I am not sure about car purchases. This may vary state by state. On Monday morning, call the State Department of Consumer Affairs in Baton Rouge, or the office nearest you and ask them.
2007-10-07 14:27:44 · answer #3 · answered by Mike 7 · 2⤊ 2⤋
3 days return policy as 'federal' - nope nada nunca . sorry she drove it off the lot - she owes the money on it.
visit with her - daveramsey.com to learn the hard lesons coming her way the easy way - through others mistakes.
sorry , do not think about bailing her out . she will not learn from her mistakes.
2007-10-07 14:27:13 · answer #4 · answered by Anonymous · 2⤊ 0⤋
we have a three day lemon law on autos in Tex. and i believe it is nationwide
2007-10-07 16:08:01 · answer #5 · answered by Anonymous · 2⤊ 0⤋
?
2007-10-07 14:17:08 · answer #6 · answered by Anonymous · 0⤊ 1⤋