i bought a car and i dont want it?

Answer 1

There is NO right to return a car because you changed your mind.

There is NO right to return a car because you changed your mind.

There is NO right to return a car because you changed your mind.

I can not say this enough!!!

The 72 hours rule that everyone keeps talking about applies to in home sales. It does not apply when you go to a "normal place of business". It was designed to prevent people from being pressured into signing contracts just to get the salesman to leave their home. When you go to a place of business, you always have the option of walking out. You can not walk out of a sales situation in your own home.

When you take delivery of a vehicle, and drive it off the dealers lot, you own it!! The dealer is not required to take it back, and most likely will not. If he does, you will have to buy another vehicle from him, because he is not going to refund your money.

You now own a vehicle. If you financed it you owe the money you borrowed, and will have to pay the loan off if you sell the car. If you paid cash, you can sell the vehicle as soon as you receive the title in your name!

If you bought from a dealer, you are most likely going to lose money selling the car, because it is doubtful that you will get what you paid.If it was a used car, you will loose some, with a new car, you can figure that you are going to loose multiple thousands of dollars!

Good luck!



EDIT: Defaulting on the first payment will NOT relieve you of responsiblity for a car loan. The only thing that happens when there is a first payment default is the bank has recourse against the dealer (if the dealer was the one arranging financing) In other words, the dealer will have to cover the bank's losses and buy back the car after they repo it. You will still have the repo on your credit, and can be sued for any and all deficiency balances!!!

Answer 2

Unless the car you bought was brought to you to sell without prior appointment, you OWN a CAR! This is true in all states. There is no cooling off period at all!!! Some Dealers have a "Cooling off Period" in Which they will exchange car and you will pay new price of different car but that is up to dealer and you still have to be approved to buy new, new car. Most do not as once approved by bank and driven off lot, they do not even own the car any more especially with good credit as you are automatically approved by most banks. As for poor credit if you have been spotted car, they have recieved an approval form a bank in 95% of cases. In either case you bought car and drove off lot which makes the car yours. You can trade, sell or have re-po'ed but expect if you financed that you will be buried at least 3 or 4000.00 dollars which you have to come uyp with before you sell.

Answer 3

What exactly are you trying to accomplish by "dropping it off at there door with $200.00 and a full tank". That isn't going accomplish anything except to piss them off and make you look like an idiot. The offered to pay up to $500 to help fix the car. Why don't you take them up on their offer. It's generous and it's reasonable. You can use your mechanic. Certainly you can trust him. The didn't say they'd refund your money. They don't have to. You purchased this car with no warranty and no guarantee. You weren't even smart enough to get a written Bill of Sale to prove how much you paid for it. The seller is under no legal or moral obligation to return your money. In good faith they offered to help with the repairs and you are tossing that in their face like it means nothing. Accept their offer or reject it, either way the car is yours and it's your problem. You aren't getting a refund.

Answer 4

Well all the other answers were good but I just bought a new car from a dealership and had 30 days to return it for another if for some reason I changed my mind, if you bought it from a dealer check with them and see what their policy is, other wise your either stuck with your car or you can turn around and sell it, its always a good idea to know what you want in a car before you buy it.

Answer 5

The only way to get out of a car that you just bought without breaking the law is for the loan to be denied by the lender. By which if the car dealership is waiting for information from you to approve the loan, i.e. proof of insurance, proof of income or residence and they dint get that information then the loan would be denied. Or if you quit your job or change jobs for a lesser income then the loan may be denied on those terms. But that's about it, if the loan goes through you are stuck with it and then you would face a repo on your credit which will kill your score and stop you applying for a car for at least 2 years...

Answer 6

Okay there is only one way to have the car repoed without it killing your credit. You dont make the first payment.This is called first payment default. The dealer will end up with the car back. You will not be liable for non payment. By doing this you never honored the contract because no payment was made.

Answer 7

as i said before take it back. Most dealerships have a thirty day return policy. They don't want a potential customer hearing from someone that just bought a car how bad they were treated or how they were sold the wrong car.

Answer 8

Bummer. Should have figured out what you wanted before you bought it. Now you're stuck with it, or you can trade it in or sell it, but you are going to lose money on the deal.

Answer 9

if you bought it from a car lot you can trade it back in on another vehicle. if you bought it from an individual it will be more complicated. you can tell them it isn't the car for you after all and try to get your money back. but i don't think that would work. you may just need to resell it and hope you get at least what you paid for it! good luck and happy holidays!

Answer 10

If one was to return the car now, you would get resale value for it and car prices go down tremendously after having been driven off the lot.

It will probably be better if you can find a private seller for it.