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In Texas, if you do not take posession of the car, you can escape. Tehre is not grace period, but the contract is not completed until you sign off ofn the acceptance form. Dealers aren't required by law to give used car buyers a three-day right to cancel. The right to return the car in a few days for a refund exists only if the dealer grants this privilege to buyers. Dealers may describe the right to cancel as a "cooling-off" period, a money-back guarantee or a "no questions asked" return policy. Before you purchase from a dealer, ask about the dealer's return policy, get it in writing and read it carefully. And remember...even thought there may be a return period of some type given...there is most frequently some type of charges you must pay to do do stated...for the paperwork, use, restocking/cleaning, etc. It costs to change your mind.

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17y ago

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Is there a cooling down period when buying a new car in Arizona?

No. The cooling off period, or buyer's remorse law only applies to unsolicited purchases, and does not apply to the purchase of an automobile. That new car you bought is now a used car, and is worth way less than the day you bought it. Sorry, but you bought it, you own it, and you are stuck with that decision.


Do all contracts have cooling down period?

Every contract is different and you need to find and read the cancellation clause even if you don't read anything else. Do not take someones word if they say "yes you can cancel this anytime you want".There is NO cooling off period on the purchase of an automobile in any state. That law only applies to Un-Solicited sales.


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Is there a car-buyer's remorse law in North Dakota if the only agreement or contract is a credit card down payment is made over the phone?

There is no buyers remorse or cooling off period on the purchase of an automobile. That is nothing more than a myth. You have not signed any papers yet, so you have not bought the car. You may loose the down payment, but I would not think you will have to go through with the purchase. As the dealer if you can back out and see what happens.


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