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Can a dealer take back a car 6 days after you signed the contract?

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2005-10-03 02:57:10
2005-10-03 02:57:10

NO

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Not if you signed the papers and paid for it, unless the selling dealer agrees. You cannot simply void a contract you have already signed. Legally you are bound to that contract. Talk to the selling dealer. You have 3 business days to cancel the contract.

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Yes, the dealer can cancel the contract but it is within 10 days of the date on the purchase contract.

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after approved financing and signed contract, have had car 8 days, can a dealership take car back?

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Not if you signed the papers and paid for it, unless the selling dealer agrees. You cannot simply void a contract you have already signed. Legally you are bound to that contract. Talk to the selling dealer.

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No, a Signed contract is Legally binding, you would need permission from a courthouse to modify any such contract.

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Generally, an automobile dealer cannot cancel a financed contract after ten days. If this happens to you, you should contact a lawyer.

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No, once you buy it and the title is signed, it is yours until you sell it.

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A contract is a legally binding agreement unless it states otherwise. If the contract says you have five days to bring it back, you can bring it back. A dealer may be nice enough to let you bring it back if you explain the circumstances but after it leaves their lot, they usually do not care.

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The dealer typically never signs the contract when the customer does. The dealer principal does quite often. Sorry this is not a loophole, its still a binding contract. However if you signed an open contract where it doesn't say what bank anywhere on the contract its assigned to then a very good lawyer can help you. Sometimes dealers can have you sign a contact without getting an approval from a bank first so they can leave that part out for them to hand write it in later.

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Unless the sales contract states you a Right of Rescission, once the contract is signed by you and the dealer, it is binding. A right of rescission in a contract gives you a cooling-off period where you can walk away from the deal. It's normal for homeowners to have this right when they use home equity loans to tap the equity in their homes, but isn't standard fare on the purchase agreement for a automobile.

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if you signed the contract it may be to late depending on its given constraints.

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If financing has already went through, probably not. In most states you have a three day recision (located at the bottom of the contract) . You should have signed that as well. If it has been more than three days the chances are not good.

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In the state of Arizona a person that has legally signed a written contract has 72 hours to void the contract. This applies to all legal contracts

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What does 30 days have to do with you signing a contract to pay X number of $$$ per month for XXX months?? Is there something in the contract about "30 days"?

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Read the contract you signed. They very well may be able to repossess the car if you are 30 days late. Depends on the contract and your state laws. Legally you have defaulted on the agreement if you are 1 day late.

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There is no 3 day to cancel a new car purchase contract. The only time you have 3 days if the dealer came to your house or place of business and Solicit you. There is no 3 day to cancel a new car purchase contract. The only time you have 3 days if the dealer came to your house or place of business and Solicit you. ------------------------------------------------------------- Always read your contract before you deal with dealer, And I think is 10 days is very common for cancel your contract but it all are depend on your down payment & dealer's financial condition.

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0 Days if you signed the paperwork at the dealership, 3 days if you signed paperwork outside the dealership (ie. Home, Work, School etc.). Unless the dealer offers a time period in which to return the vehicle. For example the dealer I work for offers a 3 day 500 mile money back guarantee. Hope this helps someone.

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You can contact the party you joined with. Explain why you want to terminate it with him/her.

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depends on the state your in and if they sold it on their lot or off premises. Mostly if you signed the contract you own that vehicle so i would definitely talk to the dealer and see if you can work out anything. Only some dealers give you that choice but it is a company policy not the law

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If the 30 day offer was part of a formal contract which both you and the seller signed, during which the seller agreed to hold the item for 30 days while awaiting your decision then, no, it probably is not enforceable in law.

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You need to review the contract to determine what rights the lender reserved in that contract.


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