please visit
www.IllinoisAttorneyGeneral.gov
No Three-Day Right to Cancel
Dealers are not required by law to give car buyers a three-day right to cancel.
The right to return the car in a few days for a refund exists only if financing is not approved. However, some dealers may, by contract, offer a right to cancel.
If you're not in Illinois, you might want to check with the Attorney General's office in your state?
Al Brown
Yes.
Not unless it was an unsolicited sale.
No you cant because you have signed a contract and it means you have to deal with it till it ends.
you have 3 days to change your mind or reconsider their offer of a contract or cancel a contract after that you are legally bound to the contract..take it in writing to the dealer and keep a copy i believe according to the law that governs contracts you have 3 days to change your mind..but the dealership isn't going to tell you that and they will tell you you cant get out of it but you can if unsure call the free legal assistance hot line you can get that number thru your local welfare agency...good luck
It depends upon the specific terms and conditions of the contract. If the contract simply states it is the buyer's obligation to secure financing, then you can NOTcancel the contract. If the contract states that the agreement is conditional upon the buyer's ability to secure a loan, then you CAN cancel the contract.
The only time the purchaser can cancel auto financing is in the begining of the loan during the "interview" with the finance company. That is one of the reasons the dealership will not tell you who the finance company is before they get "funded" by the bank. If you knew who the finance company was before the dealership gets funded then you can cancel the financing. The other issue you have is the contract signed with the dealership. They can still say they will be the bank and stick you with the car and the financing.
The following represent the few situations in which a car salesman may choose not to honor a signed finance contract: * Customer provided false or misleading information in order to acquire the loan (therefore, the car salesman may cancel the contract) * Car salesman provided false or misleading information to the customer (therefore, the car salesman's manager may cancel the contract)
Yes, an employee can cancel employment as long as there was no contract for that employment. If there was a contract, the employee can be sued for breech of contract.
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.
You call them and cancel. If you signed a contract, review the contract for any early termination requirements.
In the state of Idaho you have 72 hours to cancel an automobile contract. You should be able to cancel the contract before the 72 hours is up.
A contract is legally binding and in general you cannot cancel it. The only exception is if the contract states there is a period of time to cancel it. Many people have the wrong information on this topic.