I bought a brand new (2008) Kia Rio from a dealership just a few hours ago, but I don't want it (long story). It has a warranty and everything. There is absolutely nothing wrong with it; I just don't like it. Can I "return" it to the dealership without losing money? I decided on a financing payment plan.
Thanks!
2007-12-07 13:50:58 · 12 answers · asked by jane j 3 in Cars & Transportation ➔ Insurance & Registration
There is something wrong if you went through an entire negotiation process for, sat through (I would imagine) a couple of hours in the financing office and then a few hours later decide that you don't like it. Only there isn't anything wrong with the car! Did you not test drive it? Do research ahead of time? Realize that you were signing binding contracts?
I am not trying to jump on you but this isn't a dress that you got home and decided was too tight! This is a huge financial investment and several people who work for their living helped you through the process so I doubt that the dealer is going to just take it back without charging you something.
For example- the lenders who finance the dealer's financing you will probably charge the dealership! You have put additional miles on what was a brand new car and title transfer to your name has been initiated so now the dealer has a used car because you changed your mind after a few hours.
Good luck.
2007-12-07 14:00:08 · answer #1 · answered by Miss Motor Mouth 4 · 1⤊ 1⤋
If it's just been a few hours then there is a chance because they have not had the time to start the title process yet. Technically it's a new car until they submit the manufacturers certificate of origin (MCO) for the vehicle and it is titled for the first time. If it's only been a few hours they can take it back and not process the loan documents and the title work.
Something like this happened to me once. I went to look at cars and the sales person asked for my car keys so they could do an "estimate" on my car for it's trade in value. I went on a couple of test drives and by the time we got back the dealership was closed. The only people left inside were two salesmen and the finance guy. I kept telling them I wasn't ready to make a decision, and asked for my keys back numerous times. They kept stalling me about the keys and hard selling me. I sort of felt backed into a corner in a dark showroom with these three guys. I also really needed to replace my car. So finally they wore me down and I signed a contract and drove off in a new car. I didn't feel like I got a fair deal, and didn't feel right about the whole thing. I slept on it and early the next morning went back in there and told them that I didn't want the car, told the manager that I was basically harassed into buying it, and that I wanted to get my old car back and have my check for the down payment returned to me.
At first they said no, and told me all the crap about the car depreciating because I drove it off the lot. I pointed out that it has already been driven off the lot numerous times in test drives, and that my taking it to my house 10 minutes away was really no more than any other test drive. They still tried to say no, so I threatened to call my lawyer, and report them to the state's dealer investigations office. Well guess what, they brought my keys out, gave me my old car back, shredded all the loan and contract documents, and gave me back my check. I went down the street from there and bought another comparable car for about $5,000 less, and it's the car I still drive.
The moral of the story is that it can be done. The more time you wait to take it back the more your chances of returning it are reduced. They WILL NOT be happy about taking it back, so you have to be willing to negotiate, argue, and make it so they would rather give you your way than have to deal with you. You should think things like this through, but with something as financially significant as buying a vehicle, you should be aware that there are at times ways to have the deal rescinded. The dealership does not have all the power.
Good Luck.
2007-12-07 19:11:43 · answer #2 · answered by Jennifer W 3 · 1⤊ 2⤋
The time for deciding whether or not you liked the card was during the test drive, and if you aren't sure, you don't go through with the purchase. You can ask the dealer, but unless they have a written 'no questions asked' return and refund policy, they are under no obligation to take back the car and give you a refund. New cars depreciate by thousands of dollars the minute they leave the lot. You can either live with your mistake or sell it back to them at a loss. Either way, I hope this will teach you to be more careful when making a major purchase.
2007-12-07 13:58:33 · answer #3 · answered by curtisports2 7 · 2⤊ 1⤋
No, you can't return your car. You can sell it back, but you won't get your full money back. Cars depreciate in value the moment you drive them off the lot and while dealers are insured against such losses, they'd rather find other ways to deal with those instances.
2007-12-07 13:55:31 · answer #4 · answered by blazerang 4 · 0⤊ 1⤋
it might help to know what state you are in. Although each state's laws differ, generally speaking there is no cooling off period. I know that many people believe that there is a 3-day, or however long, period where you can back out of a contract but this does not apply to car sales.
Again - tell us what state and we could help you more!
2007-12-09 09:59:27 · answer #5 · answered by Anonymous · 0⤊ 1⤋
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
2007-12-08 01:10:35 · answer #6 · answered by Anonymous · 0⤊ 2⤋
No...or in other words....NO. You cannot return it because you have changed your mind or whatever. There IS NO 3 day return policy. People that continue to believe that myth are fools. If you were to take it back they may buy it back....at a reduced rate because it is now a used car. I have to ask....What were you thinking?
2007-12-07 14:11:31 · answer #7 · answered by Otto 7 · 3⤊ 1⤋
ah ha hah ahaa ha did you think long and hard about it or just you woke up and said know today im goin to a car dealership and im gonna buy the first car i see. like seriously i don't think you can return a car
2007-12-07 13:57:05 · answer #8 · answered by NYsNumba1Man 3 · 1⤊ 1⤋
No. Once you drive it off the lot the value drops by thousands. Its considered a used car then.
2007-12-07 13:59:55 · answer #9 · answered by ? 7 · 1⤊ 1⤋
No. You bought a new car, which immediately became a used car when it went into your name, and lost value as a result. Enjoy your new car.
2007-12-07 14:33:04 · answer #10 · answered by oklatom 7 · 1⤊ 1⤋