No, it is a legal and binding contract although most states have a right of recesion withing 3 days time.
I would also like to know if there is any way to break a contract with Yellowbook.com
Not unless the dealer agrees to void the contract or fraud was involved. You signed it, and you will have to live with that decision.
No, you have a contract and the only way to change it is for both parties to agree to the change.
At my company we call this a "rewrite", which is basically rewriting a contract to extend the time frame of the rental. If you want to keep your car longer, just call the branch where you rented it and tell them you want to do that. They will probably ask you to stop by in person to sign the new contract and then you can be on your way.
It is not the speed that will ruin a new car engine, it is too much heat. Do not drive fast or rev up the engine for more than a minute or two, then let it cool off. This is actually a good way to break in an engine.
Unless there's a specific clause in the contract or the car is a lemon as outlined by your state's law, you CANNOT return a car to a dealer, new or used. Once you've signed a legally binding contract, you are obligated to abide by that contract. There's no grace period or three-day cooling off period with regard to car purchases; that applies to every state. The only way you would haveg rounds to invalidate the contract is if, as stated before, the car is a true lemon or the dealer made an express warranty to you, as in "the transmission is brand new and runs great," when in fact the transmission is shot. Otherwise, you own a car.
Technically yes - the vehicle can be repossessed if you are 'in default' of your obligations under the contract. So while the usual way to default on the contract is by missing payments, it is possible for you to be in default by another way, outlined in the contract you agreed to.
No, not if you have signed a contract. You can't change your mind. You bought it and you own it. The Buyers Remorse law does not apply to the purchase of a vehicle. The only way you could is if the selling dealer agreed to it.
No, once the contract is signed a buyer is now the legal owner of the vehicle, assuming the payments are made on time. Some dealerships offer specials which include a 3 day promise but there are no laws that enforce this.
Technically speaking there is no "Contract", its more of an agreement. I believe they may have gone under and sold their accounts to "American Debt Counseling, Inc." but from what I've read they have the same ripoff practices. The way to break your contract is simply fax them a written request to stop your automatic payments.
If you agreed to sell the car at a certain price and made a written or verbal contract, then you are bound by that contract. Break your word and the contract and they can for sure sue you, and will more than likely win. If you agreed to sell the car, then keep your word and sell them the car, even if you have changed your mind. Your word is worth way more than any car. I have been there and done that myself. I always kept my word and sold the car even though I had changed my mind. You could ask the buyer if you can get out of the deal, and pay the buyer a fee for the privilege. I did this one time and the buyer agreed that for $100 he would let me out of the deal. I paid him $100 and kept my honor.
If a car dealer breaches a contract, you may be entitled to various remedies such as compensation for damages or specific performance. It is important to review the terms of the contract and seek legal advice to understand your options for resolving the breach. You may also consider negotiating with the dealer or pursuing legal action if necessary.