In Cars & Vehicles
If you purchase a new vehicle and then no longer want the vehicle can you return it to the dealership and rescind the contract?
The immediate answer to the question is, NO. I am not aware of anyState that has laws that allow this. Some States have Lemon Lawsfor used cars, but I'm not familiar with anyt…hing for new cars.Some dealerships may offer a "money back" policy if you are notsatisfied. If you live in California and you sign any contract, you will beunable to return the vehicle. In a rare case, I practically beggedthe manager of a used car lot to unwind the deal. I told him thatmy wife purchased a car for me prior to my purchase of their car,but I was completely unaware of it. They finally let me out, butwithheld a $40.00 documentation fee and a 2.9% credit cardsurcharge. $178.00 is better than a $6000 used car that I decided that Ididn't want. Also, when I purchased the car, I left it at the carlot and told them that I'll pick it up in a matter of days. I guessthe unwinding of the deal helped for the simple fact that the carnever left the lot and I came back the next morning. It only tookme one night to think about the deal and realize that I wanted out. The most important thing is to not let the sales person pressureyou into signing anything. Don't listen to 'this car may be gonetomorrow,' 'this is as low as I can go,' 'you will not find a dealbetter,' etc. DON'T SIGN ANY CONTRACTS UNTIL YOU ARE COMPLETELYHAPPY WITH THE CAR! If you already have and you want out, the bestadvice that I can give is make up any good believable heartbreakinglie such as: Someone passed in my family and I need the money tohelp fund the burial expenses, etc. Go in the office crying if you have to. It may work, but it maynot. YOU WILL BE CRYING FOR REAL IF YOU ARE UNABLE TO UNWIND THEDEAL. The best time to put on an act is when a sales person is witha potential car buyer. The car lot or dealership people most likelywon't show their true colors in front of potential car buyers.They'll put on an act and most likely, unwind the deal. But again,this is rare, like in my case. British Columbia I am a sales representative in British Columbia. In B.C. the buyerbis protected by the Vehicle Sales Authority, and every sales rep,and dealership must be licensed in order to sell, very similar tothe real estate industry. As far as returning vehicles go, yes youdo have a way out of the contract, EVEN IF YOU HAVE SIGNED. If youhave taken the car however, you will most likely be given a form tosign, and waive the right. For new cars you have up to 3 day's"cool down period" to reverse the deal and only 24hrs on a lease.If you change your mind within this time line there are absolutelyno penalties, no matter what the dealer tries to tell you and theycan't keep a dime. Also as far as credit card deposits go they arelegally NOT allowed to charge you their processing fees. If theytry to and you tell them you will tell their payment processingcompany, the company will pull their privilege to accept creditcard payment, and this they do not want. They can however add allthere processing costs to the vehicle cost, but can't have it as aseparate charge. ( Full Answer )