It depends on where you are. Here in Tennessee, there is no "cooling off" period. Once you sign the paperwork, the car is yours. The only way to change it is if the dealership and/or finance company agrees.
No, once you sign the purchase agreement you are legally bound by that.
Not if you signed the contract to purchase the vehicle, unless the dealer agrees to let you back out. If you have taken delivery of the vehicle and drove it off the lot it is now a used car and it belongs to you.
What is a Delaer?
In Pennsylvania, a buyer's order only becomes consummated once the buyer has taken delivery of the vehicle. Not at the signing, but once the vehicle leaves the sellers property.
"If you purchase a used vehicle in Nevada and then no longer want the vehicle can you return it to the dealership and rescind the contract?"
Having worked for many years as the director of the finance department in an auto dealership, I can tell you with certainty that signing must accompany "delivery". That is, if you both signed AND drove off the lot -- OR -- signed AND had it delivered to your home, then you own it -- you might as well start paying the bill. If all you did was sign but never took delivery, then the dealer cannot legally force you to take the contract or vehicle. If the dealer attempts to "get funded" for the contract (get the money from the bank who is financing your vehicle), then all you have to do is simply call the bank and tell them you never took delivery of the vehicle -- they will pull the funding immediately. Furthermore, if the dealer is requiring you to sign another contract, this is illegal. You can re-sign if you want, but the first contract is legally binding (assuming you also took delivery).
Deffinately!! Dealerships will not tell you this but you have 30 days to return the vehichle no questions asked without penalty. That is a very wrong answer. If you signed paperwork and took delivery of vehicle it is yours unless and until you win in court. ANSWER Sure you can return it!! If you don't care about your CREDIT and the negative impact that will have on it. When you purchase a vehicle and sign a contract, that's it. If you are 18 years or older, you should understand what you're signing and if you're not sure about the vehicle.....why are you signing?
If you have not taken delivery of the vehicle, or signed a legal document to purchase the vehicle, I would think you could cancel the order. But I am no lawyer. Seek legal advice on this to make sure.
On the purchase of a vehicle you cannot cancel the contract as the Cooling Off Period or Buyers Remorse law does not apply to the purchase of a vehicle. You signed the contract and are legally bound to honor it.
No. You are not entitled to a refund if you made payments toward the purchase of a vehicle. In truth, if you signed a contract to purchase the vehicle, that vehicle is now secondary to the contract, you could still be held responsible for the balance of the loan, whether or not you still have the vehicle.
Notes Payable is used to show that it's a note. A note is determined by the signing of a Promissory Note or some similar contract. For example, when you purchase a vehicle (unless you are purchasing said vehicle with cash) you sign a contract (Promissory Note) in which you pay X amount by a certain day each month.
No you cannot if you signed the contract and paid for the vehicle. The Buyer's Remorse law does not apply to the purchase of a vehicle.