My mom had a eclipse which she owed 3k more than Kelley Blue Book suggested worth. Anxious to get out from under the car debt, she went to a Nissan dealership yesterday and traded in her eclipse. The purchase has left her in far more of a finanical hardship than she started with. She was very vulnerable and made a terrible mistake...does anyone have any suggestions on how to handle this dilemma. I plan to go with her to the dealership tomorrow and beg for them to take it back....but what if they say NO or demand that we pay a high fee?? Thanks
2007-12-23 16:53:52 · 13 answers · asked by Chantel J 1 in Cars & Transportation ➔ Buying & Selling
If she signed the bill of sale and drove out of the lot with the new car, this is basically saying she agreed to the terms of the financing and I doubt there's anything you can do to make the dealer take the car back unless you can prove that she was intentionally deceived and that the terms of the financing wasn't explained to her properly.
In that case, the only option for her would be to refinance with another lender to lower her monthly payment.
2007-12-23 17:26:22 · answer #1 · answered by Zsasha 5 · 4⤊ 0⤋
NO STATE HAS A 48 HOUR RETURN LAW. Are you looking at retail value? You will get KBB. Fair condition if car has not had accidents and is in good shape. This is usually 3-4000 less than Retail. Check this. Also, if you had an acccident and is not on Carfax, we can tell. A Car Manager knows what to look for as we buy and sell cars for a living. Any paint job on regular car can be detected leading to seeing where crash may have occured. Anyway soory about situation but it is your car. Dealers may give a 48 hour return policy but you have to buy another car from dealership before retuning your purchase.
2007-12-24 02:42:02 · answer #2 · answered by 12pleze 6 · 4⤊ 0⤋
She is stuck. People have to do their homework before going ot a dealership. Buying a car is NOT an emotional decision. Falling in love with some shiny new car is a big mistake.
Rolling negative equity from your trade into a new deal is a terrible idea. I bet she got a terrible interest rate, paid near sticker price, and financed it for 5 years or MORE!
All ways for the dealership to make a fortune.
Sorry, but she should have heeded "buyer be ware" *before* going to the dealership.
2007-12-24 00:58:25 · answer #3 · answered by Anonymous · 5⤊ 0⤋
They don't have to take it back. You can ask, but they will probably laugh at you. Your mom signed a contract and if she bought a new car, it's now a used car and has already lost several thousand dollars in depreciation. Your mom should have understood what she was signing. Unlike most other purchases, car sales are final, and there is no "cooling off period" or "right to cancel" a car deal in any state.
2007-12-24 11:31:44 · answer #4 · answered by Scott H 7 · 3⤊ 0⤋
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.
Your mother made a deal with the car dealer! She took delivery of the vehicle and the dealer is not going to take the car back! I am sorry, but she is going to have to take responsibility for her choices! I understand that the payment may be a hardship, but she was the one that agreed to the deal!
2007-12-24 02:38:54 · answer #5 · answered by fire4511 7 · 5⤊ 0⤋
They thrive on this type of thing and probably won't help you but you can try. Unfortunately, she's in a situation that is considered "upside down" and there's no easy way out. Once it's driven off the lot, it's probably a done deal.
2007-12-24 00:57:27 · answer #6 · answered by Smurfette 5 · 5⤊ 0⤋
Depending on which state you live in, you get a time frame on getting out of a deal, it's called buyer's remorse. Being that you dealt with a new car dealership, you might have a chance to get out from under it but before you go there, talk to another dealership to find out the facts, the state laws (they will be impartial) and with that go in and get out of that deal!
2007-12-24 02:06:01 · answer #7 · answered by blue_cobra_driver 3 · 0⤊ 3⤋
check if she was correctectly informed about the deal and you will find one she was not explained properly. That is sufficient to claim a right to cancel the contract.
A company like nissan does not risk the reputation for 3k.
If the deal is done in full knowledge then best deal to cancel the deal with lieast damage to 3k.
2007-12-24 00:58:35 · answer #8 · answered by mass 3 · 0⤊ 3⤋
It is very simple, the paperwork is signed and the deal is done, there is not cooling off period or three days, you bought it you will be paying for it.
2007-12-24 06:41:24 · answer #9 · answered by Anonymous · 1⤊ 3⤋
join the marines, establish a service record, then go to work as a mercenary in iraq. You can earn as much as 600k per year.
2007-12-24 00:58:59 · answer #10 · answered by Grant G 5 · 0⤊ 4⤋