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THERE IS NO THREE-DAY RIGHT TO CANCEL ON A CAR PURCHASE.
If a consumer signs a contract to purchase a vehicle, he or she has bought the car. The only way out of it is if there is a failure to perform on one of the contract items - for instance, delivery date not adhered to; financing contingent upon co-signer did not come through; car not as described, etc. Before dealing with a new car dealer, consumers might want to consult www.edmunds.com to find out what to pay for a car and "blue books" to find out what the new car and their trade-in is worth. If someone cancels or backs out of a deal, the dealer may or may not hold them accountable for the entire amount -- it is up to the dealer. But if they allow the contract to be voided, the dealer can only keep $500.00 of the consumer's deposit, unless a greater loss to the dealership can be substantiated. http://www.ago.state.co.us/consprot/CoResourceGuide.cfm#C
Wiki User
∙ 16y ago
Wiki User
∙ 16y agoYes, but it does not apply to the purchase of an automobile. Once you purchase a vehicle it is yours, and cannot be returned for a refund. The buyer's remorse law or cooling off period, only applies to unsolicited sales.
Wiki User
∙ 10y agoFor some things, yes.
Cars are not one of those things (unless you buy it at an auto show or some place that isn't the dealer's regular place of business).
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Are there buyers remorse laws on Illinois?
is there a buyers remorse law in IL
Is there a buyers remorse law when purchasing a Motor home in Idaho?
There is no buyers remorse law when purchasing a motor home in Idaho. There is no buyers remorse law in Idaho for vehicles or real estate. There is however, a lemon law.
Buyers remorse in texas?
No buyers remorse law in any state applies to the purchase of an automobile.
Is there a buyers remorse law in Ontario?
NO
Is there a car buyers remorse law in South Carolina?
No, the buyers remorse law only applies to unsolicited sales, not to the purchase of a vehicle.
Is there a buyers remorse law for autos in Or?
No, there is no buyers remorse law in any state covering the sale of an automobile. That law only applies to unsolicited sales.
Is there buyers remorse law for items purchased in an Auction in FL?
Does buyers remorse include water pipes
Is there an automobile buyers remorse law in Oregon?
No, there is no buyers remorse law in any state covering the sale of an automobile. That law only applies to unsolicited sales.
Does New Mexico have a buyers remorse law?
The link below on Wika - buyers remorse - pretty much says it all buyers remorse is not really a law but a feeling that we experience when we make major purchases of any kind.
Does buyers remorse law work for Craigslist purchase?
No.
Is there a Virginia Buyers Remorse Law for Used Cars?
No, the Buyers Remorse Law does not apply to the purchase of any vehicle new or used in any state including Virginia.
Is there a boat buyers remorse law in New York?
yes
