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I've had my car for 15 days and a signed contract can the dealership ask for it back?
Wiki User
∙ 14y ago
I've been through this before. It all comes down to contract law.
My situation may be like your. The dealer gave great financing, on the date of purchase, but then found "other credit information" three weeks later. This caused them to switch from 0% APR to 17% APR. They said if I could not meet the terms they would repo the car. I said no way and called a lawyer. While I waited for the lawyer to return my call, they repoed the car.
After talking to a lawyer, he said I could fight it, and it would take about 18 to 24 months to get to court. The dealer would be forced to hold on to the car in the meantime. I would have to pay the lawyer out of pocket, but could sue for my costs in the trial. I would also have to keep making payments during this time (and pay insurance) so I would not break my side of the contract.
All said and done, he thought I had a good case, but after 24 months I would just be getting back a 2 year old car and paying a new car price for it.
Bottom line. Contracts are only worth the lawyers behind them. Car dealers are more often than not, the scum dogs of the planet. They generally know the law better than you and will use every loophole the law allows them.
If I were you, I would call the state DMV for the state you live in. They might have better and more relevant advice than you can get online, and it is free advice.
Good luck, win one for the small guy!
Wiki User
∙ 14y ago
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Can dealership back out of signed contract once approved financing and drove the car off lot?
after approved financing and signed contract, have had car 8 days, can a dealership take car back?
Dealership wants to resign contract after 10 days?
A dealership does not have a legal right to re-sign a contract once it has been signed. However, if there is an obvious typographical mistake in the contract, they may request to re-sign it.
How can you have a signed contract with a car dealership and you have the truck for eight days and they never had the loan approved by a lender?
Incompetence, maybe?
Can a dealer take back a car 6 days after you signed the contract?
NO
Does a auto dealer have the right to back out of a contract for a new car two days after the paperwork has been signed?
No they have already signed the papers agreeing to the contract
Can you return your car to the dealership after you signed a contract?
Yes, the dealer can cancel the contract but it is within 10 days of the date on the purchase contract.
You signed contract for car and left your trade-in When you got home you cried because you really went in for oil change and want old car backWill dealership cancel contract?
If you go back within two days, they should allow you to cancel it. Go back as soon as humanely possible, and explain to them your problem.
By law can a vehicle be returned within 3 days of purchase?
The best thing to do is call the car lot and ask them. Usually a car lot will give you 30 days to return the vehicle. It really depends on the dealership. That depends on the laws of your state and the contract that you signed. Look for verbage regarding recission of the contract.
Can you return a new auto purchase under 30 days in illionis?
That would depend on the dealership at which youl made your purchase. The standard right of recision (right to change your mind) is three business days after a contract is signed. Of course, you could return your auto to the dealership, but they would consider it a used vehicle and, again, it would be their option to buy it from you or not.
In the state of Florida how many days do you have to cancel a finance agreement on a used automobile?
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.
I signed a contract but never took delivery of the RV up can you back out of it?
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.
When can sellers cancel a car dealership financed contract is it true they have 10 days to cancel?
There is not a specific rule when you can cancel a contract. Usually, you have at least 3 business days. However, read the fine print, each contract will be different.
