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Is there a 72 hour change of mind when leasing a car in Indiana?
Wiki User
∙ 10y ago
Probably not.
For reasons that aren't entirely clear to me, a lot of people think there's an automatic 3-day "grace period" on car purchases. This is NOT true for new cars in ANY state.
Some states do have laws that require used car sales to have a right of recission period.
Some states have laws requiring dealers to offer buyers the option to purchase a recission period in some cases.
There's no law that says a dealer can't put a clause allowing a recission period in the contract if they want to do so, or can't offer the option to purchase one even if the law doesn't specifically require them to. But this is up to the individual dealer.
If you've already leased the car, check the contract. It should state in unambiguous terms whether or not there's a recission period and if so how long it is. If there is one, it should also detail the terms: you may be required to pay a prorated amount and possibly also a penalty of some kind or another.
If you haven't leased it yet, ask the dealer. If he says there is one, get him to put it in writing in the contract.
Otherwise, you should plan on the answer being "no."
Wiki User
∙ 10y ago
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If you lease a car and the car gets registered in your name before you take the car home can you change your mind and finance instead of leasing?
A car that is leased is registered in the name of the leasing company. I would talk to the dealer and see if it is not to late to change the contract from lease to retail. You may be out of luck though if it has been to long.
Can you change your mind on a lease car and return it to the dealership?
If you already signed the lease, you are subject to the terms of the lease and/or any penalty the leasing document states for early termination.
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