How many days do you have to take the car back after signing the papers?

Answer 1

I have been researching this for a while and with the exception of a few states (California seems to be one), there is no such thing as a mythical "buyer's remorse law" when it comes to automotive sales. Once you sign the papers and the vehicle has been registered in your name and you take it off the lot, it is now officially your property, or the property of your lien holder. This is why you MUST be very careful with your decision making in purchasing a vehicle. Now many reputable dealers will consider reversing the deal depending on your situation, providing that you don't give some BS story to them that they can see right through. (Not all car salesman are heartless, scam artists as popularly perceived.) However, even if they will take the car back, you should be prepared to take a hefty loss for the car is deemed used and therefore depreciates in value. I have never truly heard of any concrete evidence of a situation in which a dealership took back a vehicle, Scott free to the customer after the car had been registered and driven off the lot.

Bottom line, once the vehicle has been titled, whether to a lien holder or the customer, the car is no longer classified as "new." As for used cars, many other rules apply, often depending on the dealership's individual policies. However, be prepared for more stingy practices on used cars.