like if you're unhappy with it. i know carmax does something like that, but does everyone else?
2007-12-28 16:06:10 · 29 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Nope..there is no law that gives you the privilege of giving back the car. If you took delivery, its your car. Enjoy your new car!!
2007-12-28 16:59:02 · answer #1 · answered by Janet 4 · 3⤊ 2⤋
No new car dealership does that, not even CarMax. The only time I have ever heard of that is when it's a used car and even then, not very often. CarMax does have a 5 day money-back guarantee on used cars if you bring it back in the same condition as it was when you bought it! They say it's a no questions asked guarantee but I sure would read the fine print!
2007-12-28 16:17:08 · answer #2 · answered by Chris B 7 · 0⤊ 2⤋
Honey, most of the time when I have bought a car, when you drive it off the lot it is yours. It is not always the car they said it was either, unfortunately. I have bought them that would barely make it to the house before they blew up and they were still mine. But if they have a warranty on them, you can take them back I think. It is according how you buy them Most of the ones I have bought, have been AS IS. So, make sure that you buy one that says that you have the option of bringing it back if you aren't sure that you are going to want to keep it. Even with a warranty, you are probably going to owe them something for driving it. Check everything out with the dealer. That is your safety net. The dealer and be sure to get everything in writing. That is the only way to be sure about anything. Never take anyone's word about anything, I don't care what they promise. It won't stand up in court. Only what is on paper stands up in court. So, get it on paper.Good Luck
Sharon
2007-12-28 16:13:29 · answer #3 · answered by mountain_momma2005 3 · 0⤊ 2⤋
It depends on the dealership. Most places the vehicle looses value the second you drive it off the lot. But some place might have an agreement in the contract. Read the fine print and call the dealership.
Good Luck!
2007-12-28 16:10:09 · answer #4 · answered by Lisa W 3 · 0⤊ 2⤋
In Illinois the law is that you have 3 days from the time money changes hands to demand a full refund. That is your legal rights. Anything beyond that would be company policies.
*edit for argument
According to Section 43 of the Motor Car Traders Act the purchaser may have the right to cancel the contract where three business days have not expired since the contract has been signed. Three business days is the "cooling off period."
2007-12-28 16:08:41 · answer #5 · answered by Anonymous · 2⤊ 4⤋
There is no universally mandated policy that requires a car dealership to provide a purchase "grace period".
Soft hearts, however, do exist and individual dealerships have options.
Legally, though, they have zero obligation to alter the contract you sign upon purchase.
2007-12-28 16:19:24 · answer #6 · answered by koliedrus 2 · 1⤊ 2⤋
OOpps.. It is only God's Grace availble if some slimy salesperson sold you a car you did not want in the first place.
2007-12-28 16:10:33 · answer #7 · answered by Seby M 2 · 0⤊ 2⤋
Take a look at the contract again. It all depend on what you have signed and who you bought the car from.
2007-12-28 16:34:25 · answer #8 · answered by Boon Q 5 · 1⤊ 2⤋
NO! I live in Illinois and that law does NOT exist! Once the car is titled to you as the new owner or the paperwork completed when you buy, that can not be recended.
2007-12-28 16:13:45 · answer #9 · answered by Anonymous · 4⤊ 2⤋
It is called the "5 or 50" option.
5 seconds or 50 feet.
2007-12-28 16:09:41 · answer #10 · answered by Anonymous · 4⤊ 3⤋