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Is there a right of recission law on used car purchases in Colorado?
Wiki User
∙ 10y ago
The rescission law or buyers remorse law does not apply to the purchase of a new or used vehicle. You would have to prove fraud in order to cancel the contract.
Wiki User
∙ 10y ago
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Does the 3 day right of recission rule apply to auto purchases in Michigan?
No, the buyers remorse law does not apply to the purchase of a new or used vehicle.
What is the Indiana right of recission for used cars?
There is none.
What is the Right of recission on buying a used car in Utah?
You should contact your States Attorney General.
What states have the 3 day return on used cars?
It's actually a 3 day federal right of recission, which means it is valid in every state.
Is there a right of recission when purchasing a used vehicle in New Jersey?
there is no right to recision in regard to the sale of a new or used motor vehicle in the state of Georgia
Is there a right of rescission when purchasing a used vehicle in the state of Texas?
No, that law only applies to unsolicited purchases not autos.
What journals do you use to record purchases on account purchases for cash and cash payments?
Purchases journal is used to record purchases on account while Cash payment journal is used to record purchases for cash and cash payments.
Is there a right of rescission when purchasing a used vehicle in the state of New Jersey?
No, that law only applies to unsolicited purchases not autos.
Is there a right of rescission law for car purchases in Texas?
No, the buyers remorse law does not apply to the purchase of a new or used vehicle.
Is there 3 day right of rescission law in Minnesota regarding purchases?
No, the buyers remorse law does not apply to the purchase of a new or used vehicle.
Is there a 72 hour change of mind when leasing a car in Indiana?
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."
What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
