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"Trade in" is the term for using the equity in your current car for partial purchase (or down payment) of a different car.

I think you mean a return of car. Some states have a cooling off period where a used car buyer may return a car and only pay for usage and fees.

Where I am if you sign the paperwork you own it. The car can not be returned.

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Q: How long do you have after purchasing a used car to trade it in?
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