Can You Rescind an Auto Purchase

How long do I have after a purchase to return the vehicle because of breach of contract?

How long do I have after a purchase to return the vehicle because of breach of contract?

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Highlights


  • Learn about the common misconception of a "cooling off period."
  • Find what conditions a car sale contract can be voided.

Generally speaking, there is no time period during which you can return a vehicle and cancel the sale. The existence of this right, called a “cooling-off period,” is a common misconception among American consumers. Once you sign a purchase contract with a dealer, you are basically stuck with the car, unless you can prove that the dealer intentionally misled you about some aspect of the contract or vehicle, in which case you can sue the dealership and finance company in an attempt to have the contract voided. In real life, it is almost impossible to prove that a car salesman lied to you about a vehicle, as you likely have no written evidence to back up your claim. This type of case is basically your word against the dealer’s word, which makes proving wrongdoing very difficult. In addition, purchase agreements are usually written to favor the dealer, so establishing that the dealer breached the contract will likely be an uphill battle.

You will almost never find a dealership who will willing accept the return of a vehicle and the cancelation of a sale because the buyer alleges breach of contract or buyer’s remorse. If you believe that the dealership intentionally misled you about the terms of the contract or the condition of the vehicle, you can sue to have the contract voided, but proving these allegations will be difficult. I encourage you to seek the advice of an attorney if you feel that you may have a case against a dealership for breach of contract. An attorney licensed in your state will be able to advise you of the strengths and weaknesses of you case, and whether filing a lawsuit is appropriate.

I hope that the information I have provided helps you Find. Learn. Save.

Best,

Bill

www.bills.com

56 Comments

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  • 35x35
    Jun, 2012
    Ann
    We purchased a vehicle from a popular dealer here in Dallas and the internet price and price the salesman us was $11500. Upon looking on the paperwork today the price is $11988. Also we were told we had to buy gap insurance for $510 and in the contract it says we can cancel within 30 days. Then the finance manager told us that we had to buy a warranty agreement so the bank would finance us. That was $2500 and it is for Ford products. We did not buy a Ford product. Help in my mind we are paying $3498 more for the vehicle. We gave them a check for $2000 that they said they would hold until we could get the money out of my husbands 401-k. We love the vehicle but do not want to pay all these extra charges. We feel line we have been misled. What can we do?
    0 Votes

    • 35x35
      Jun, 2012
      Bill
      Your story reminds me of the car dealer in the movie "Fargo" who tried to push the useless product Trucoat on his new-car customers. A mandatory extended warranty is Trucoat-like gimmick.

      Stop payment on the check immediately. Explain to the dealer you reviewed the contract, and believe it contains unfair, undisclosed fees for product that provide no benefit to you. Then find another dealer that will honor its offered prices, and will not pack your deal with flim-flam.
      0 Votes

  • 35x35
    Apr, 2012
    Evelyn
    My husband and I bought a jeep today. Online it was listed at one price (we have this document). We got home and was looking through the paperwork and realized they charged us $1500 more then what was on the internet. Husband said when he was signing the contract the salesman had his arm over the price showing him where to sign and he thought nothing of it. Is there anything we can do?
    0 Votes

    • 35x35
      Apr, 2012
      Bill
      Go back and talk to the dealer. You described a form of bait-and-switch, which is not allowed by most states laws. If the dealer does not refund the $1,500 or rescind the deal, then talk your state attorney general's office, and a private lawyer.
      0 Votes

  • 35x35
    Apr, 2012
    Trisha
    I bought a used BMW June 2011 the bill of sale says the car was black sapphire metallic. The day I bought the car, it was new on the lot and had not been washed so I did not get a good look at the paint, it appaeared to be black at the time. Long story short, my car is navy blue but I always thought the color was black sapphire metallic like the bill of sale says. I checked under the hood of my car today and the color is "Monaco Blue" NOT black. Is there anything I can do about this? The dealership sold me a car that they claimed was black and is not.
    0 Votes

    • 35x35
      Apr, 2012
      Bill
      Unlikely, in my opinion, if at the time of purchase you thought the car was black, and the dealer also mistakenly thought the color was black. In common law this is known as a "common mistake" problem where both the buyer and seller share the same mistaken idea about the condition or status of the item bought and sold. The question is whether the common mistake is material or significant. If, when you bought the car, you told the dealer you wanted to enter it into a "most black car" competition, or had an uncontrollable compulsion to buy only black items and would be inconsolable if your car was anything but black, then you have an argument to reverse the sale. If, on the other hand, you just think black cars are cool looking and always wanted one, or only a trained observer could tell the color is a shade off from black, then you may not have much of a case. Consult with a lawyer in your state who has consumer law experience to get a more precise opinion.
      0 Votes

  • 35x35
    Apr, 2012
    DEBBIE
    bought a car on 3/8/2012. the car said 1 owner, went sign papers, they added a fee of 1495.00 on to the sell price of the car. i didnt get to look over the car til I got it home in the day light. but it had a strong cleaning smell. I have allergies. so after finding some problems took the car back they fixed some but not all refused. i talked to my loan company 3 times and the they all told me to go in and ask for a flat cancel, also i asked them about the 1495.oo added o my loan that my loan company was suppose to be charging me they all said thy dont charge the last customer service rep filed a complaint about the car not gettin properly fixed and the charge of 1495.oo that is actually between the dealership and them for business. now the dealership has fixed almost everything the refused but is giving me a ring around the 1495.oo what can I do?? ( my car had baking soda in the trunk by the seats) there is so much to this story. also, It said one owner not rental return , I told them i wouldnt buy one of those cars after I signed the papers they told me. I did get a car fax. I tried to return the car twice now.
    0 Votes

    • 35x35
      Apr, 2012
      Bill
      Contact your state's Attorney General's office, to make a complaint. You may need to consult with an attorney, to see if you have a case against the dealer for deceiving you.
      0 Votes

  • 35x35
    Mar, 2012
    freddie
    Can I go back on my car purchase if I signed the papers and made down pymnt but didnt take the car off the lot in the state of FL? This was yesterday and the salesperson just left a message on my phone about an hour ago stating he needs to ask me a few more questions before submitting my paperwork. thanks
    0 Votes

    • 35x35
      Mar, 2012
      Bill
      I assume that the salesperson is not willing to cancel the purchase and you have signed some type of contract. I recommend that you speak with an attorney regarding your rights to cancel the purchase. Bring to the meeting all the relevant documentation.
      0 Votes

  • 35x35
    Mar, 2012
    Courtney
    We were looking at cars today and after talking to the salesman, he said the price could be brought down to 24,776. Then we can trade in our car, which they gave us 1500, and then taxes and fees would be added. We bought the car and now that we are home reading over paperwork, it says the selling price was 25,988. Our total finance price is 27,886. The salesman told us a different price than it was sold at, but because we didn't see that until after the purchase, can we take it back? is it possible to have the contract changed?
    0 Votes

    • 35x35
      Mar, 2012
      Bill
      The first thing to do is to speak to the dealer, discussing the difference between what you were told and what the paperwork says. If you can't work out anything, contact the agency in your state that regulates Consumer Protection or Auto Sale. Different states have different levels of protections for consumers.

      If you get nowhere, speak with an attorney.
      0 Votes

  • 35x35
    Feb, 2012
    Nick
    i purchased a car we drove off the lot and 2 days later check engine light appeared. we took it to dealer and they send based on their findings they are resending the deal they are returning my car we traded and sending car to auction there wasnt enough money in the deal. Can they do that? or are they responsible for fixing the turbo that went bad?
    0 Votes

    • 35x35
      Feb, 2012
      Bill
      The answer to your question depends on the language in your sales contract and your state law. Consult with a lawyer who has consumer law experience, who will read your contract and advise you accordingly.
      0 Votes

  • 35x35
    Feb, 2012
    alicia
    I purchased a 2012 Maxima 3wks ago, i traded my 06 Maxima and was to put down 1800, i paid 800 that day ans was to take back 1000 this friday and patments are set at 650/month, i got called yesturday from the dealership saying the bank didnt approve financing, my payments cant be mire than 600 and i have to pay an addtl 1000, also they want me to buy a 2012 Altima which i didnt like when they offered it there. Now i have to pay 2000 this weekend and they want to charge for the miles i put on this vehicle. Is this right, its not my mistake i was there all day during bank hours shouldnt this been explained at the time i accepted the deal? What should i do now?
    0 Votes

    • 35x35
      Feb, 2012
      Bill
      Your tale is common among Bills.com readers, unfortunately. See the resource Bait-and-Switch on Finance Terms for a discussion of the central issue in your question, and actions you can take. Please ask any follow-up questions you may have on that page.
      0 Votes

  • 35x35
    Jan, 2012
    seung
    I purchased a used car at the public auction market and paid a deposit for $200. But I would like to breach the contract and avoid all the legal terms that I agree on the contract. The seller said if I don't buy the vehicle and don't pay the full amount, the vehicle wiil be collected to a differnet party and my social credibility gets damaged. what can I do?
    0 Votes

    • 35x35
      Jan, 2012
      Bill
      Consult with a lawyer in your state who has consumer law experience to learn your rights in the situation you described. You do not mention why you want to break the contract. Did the auctioneer misrepresent the condition of the vehicle? Were the terms of sale unfair or misleading? Did you think you bought one vehicle, but instead bought another? If there was a mistake in the sale, or the auctioneer misled you, then you can breach the contract with no consequences. However, if you want to break the contract for other reasons, then there will be consequences. Again, consult with a lawyer to learn your rights in your particular situation.
      0 Votes

  • 35x35
    Jan, 2012
    V
    What is your recourse if you went to used car dealship with 'pre-approoved' loan from your credit union and the dealership instead has loan finance thru a bank - above blue book value? The credit union was called from the dealership and papers were signed based on the pre-approved loan info. We discovered the deception when we called the credit union and they stated they had not received the paperwork yet. The dealership sent paperwork to a bank instead and now we are paying above blue book for a 9-year old car and the dealership is acknowleding their mistake but not changing the paperwork? Should we just return the car by not paying the bill and let the bank pick it up?
    0 Votes

    • 35x35
      Jan, 2012
      Bill
      What you described is outrageous, unfair, and deceptive. If you cannot convince the dealer to cancel the contract, then consult with a lawyer immediately to discuss filing an action against the dealer. If you state has a consumer protection agency, contact the agency to learn your rights as a consumer in your state.
      0 Votes

  • 35x35
    Oct, 2011
    jame
    Will i get my downpayment back if the finance company asks me to return the car because they could not verify my employment
    0 Votes

    • 35x35
      Oct, 2011
      Bill
      I cannot answer your question without knowing more about the facts in your case and reading the contract you signed. To take one extreme scenario, if your down payment on a $10,000 vehicle was $100, and you used the vehicle for a week, then it would not be reasonable to expect no-cost use of a vehicle for that length of time. On the other hand, if you put down $1,000 on a $5,000 vehicle that you used for three days, then you should get virtually all of your down payment returned.
      0 Votes

    • 35x35
      Oct, 2011
      james
      ive look through the contract and it doesnt say anything about non refundable, plus i paid 1500 for a 9000 vehicle...
      0 Votes

  • 35x35
    Sep, 2011
    Margo
    My son test drove a used Ford Expedition and told the salesman he wanted to buy it. The salesman kept pushing a Ford Explorer, but my son made it clear he wanted the Expedition. I went to the dealership to cosign, wound up putting the loan under my name, and later realized the salesman had put the Explorer on the paperwork, not the Expedition. Does NJ have a right to rescuing for 24 hours?
    0 Votes

    • 35x35
      Sep, 2011
      Bill
      This is a fraud issue. You wanted Vehicle A and the slippery salesperson wrote Vehicle B on the contract, which you did not notice until after you signed the contract. There was no meeting of the minds here, and few New Jersey judges will enforce a contract where a dealer tries to pull a fast one over on a consumer. Meet with the president/owner of the dealership, and explain that you will raise holy heck with the news media, and will hire a lawyer to sue the dealership if he or she does not tear up the contract on the spot. There is plenty of common law and common sense here that is on your side. What you described is deplorable, reflects poorly on all car dealers, and is just plain dead wrong.
      0 Votes

  • 35x35
    Jul, 2011
    al
    I bought a car on Wednesday, July 20th, on Sunday the dealer posted a two day sale of the exact car i bought for 4,300 less than what i paid, are they obligated to honor that sale to me.
    0 Votes

    • 35x35
      Jul, 2011
      Bill
      Laws governing car sales vary from state to state. I suggest that you contact the agency in your state that regulates car sales.
      1 Votes

  • 35x35
    Jun, 2011
    Mark
    We visited a Massachusetts car dealership Saturday afternoon with the intent of following up on an advertised lease deal. We ended up signing a Motor Vehicle Purchase Contract (planning to lease the new vehicle) in the heat of the moment we signed it but there were many blanks left on it e.g. Purchase amount, final amount etc. The only numbers filled in are the deposit, trade-in, document preparation fee and cash due on delivery amounts. Unfortunately we didn't negotiate a purchase price properly nor do we know our final confirmed lease amount. We paid a $500 deposit but I would like to know if we are legally obliged to follow through with the lease if we decide that it is not in our best interest to do so. We have not yet took delivery of the vehicle or passed over our trade-in vehicle. We could accept losing the deposit if that was all that was at stake.
    0 Votes

    • 35x35
      Jun, 2011
      Bill
      My first and last thought regarding your questions is to recommend you consult with a lawyer in your state who has experience with consumer law. Here is why:
      • The car dealer can make an argument that the two parties contracted for the sale or lease of a vehicle. Both parties signed a contract that has a few blank spots on it, but there is enough information on the contract, and a deposit, to signify the intent of both parties to buy (or lease) and sell a new and a used vehicle. A deal is a deal.
      • You can make the argument that a contract is a meeting of the minds, and that the contract both parties signed is defective because it lacks essential terms, such as the final purchase amount and monthly payment. There is no meeting of the minds. On a separate note, I assume the dealer did not run your credit score during your heated negotiation. If the contract contains an escape clause for the dealer in the event that the customer has poor credit, then it is only fair that the consumer should have an escape clause if the monthly lease payments are higher than expected.

      As I mentioned, there is no right or wrong answer to your question, and a lawyer with consumer experience in your state will be able to give you a more nuanced answer than mine because it will be based on your state statutes and case law.

      1 Votes

  • 35x35
    Jun, 2011
    MARTY
    I purchased a car on the 5th of May, 2011, from a popular dealer and already I had to take it back several different times for various reasons. Now, it's back in the shop because the motor has blown out of it and they want me to pay them to get it fixed. Is there anything I can do to get my money back?
    0 Votes

    • 35x35
      Jun, 2011
      Bill
      Contact your state's Office of the Attorney General's consumer protection area. There may be a special department that supervises car purchases. Also do a search online for "used car lemon law" and include the name of your state in the search.
      0 Votes

  • 35x35
    Jun, 2011
    Sharon
    My husband and I signed a contract on a compact car that I believed would be a safe vehicle for me and our two kids under 5. We have yet to take possession of the car (it was in the shop for engine work as it was a used one that they had just gotten in that morning) and we haven't had a chance to test drive it. I was given a mid-size car as a "loaner" until mine was ready. I'll be honest, I like the midsize better. But later that night I found a safety review of the one we purchased that stated that it received POOR side impact ratings. That scares me - my loaner car receives GOOD across the board. Since the loaner is for sale, do we have a way to renegotiate the contract or void the sale and purchase the loaner? Especially since we have yet to set foot in the original? Or would that qualify as a voluntary repossession? Thanks for your help.
    0 Votes

    • 35x35
      Jun, 2011
      Bill
      If the dealer wants a happy customer, the dealer does not care which vehicle it sells you. If the loaner is a more expensive car, the dealer will fall over itself to make a new deal with you.
      0 Votes

  • 35x35
    May, 2011
    Steve
    Today I was looking at buying a new truck and found one at a local dealer. We haggled over price for a while but then agreed to a price after I was told that if I agreed to the price I could take the truck home today. After I emptied my belongings from my old truck into the new truck and switched the plates over I was told that the truck was not able to be driven off the lot today. I signed the docs anyway and was told I would get a call this week when the new truck was ready. As I drove home in my old truck I started to feel mislead by the salesman who got me to agree to the purchase by telling me I could drive it home today. Now at home with my old truck I dont think I want to go to a misleading dealer. Can I get out of this? Keep in mind I still have my truck and they have theirs and I didnt put any money down.
    0 Votes

    • 35x35
      May, 2011
      Bill
      Review the sale document (I hesitate to use the word contract) you signed. If it is any sort of legal document at all, it will spell out your rights and liabilities, and the rights and liabilities of the dealer. If the document is meaningless to you, take it to a lawyer to read. Yes a lawyer's time is expensive, but you may have liability for $30,000 or more (if the truck is new) and spending a couple of hundred dollars to learn your rights is money well spent.

      The other mystery in your message is why, if the document you signed was a bill of sale or similar contract, the dealer refused to allow you to take possession of the vehicle.

      The third mystery is why the dealership told you to leave without the truck or a reasonable explanation.

      You may also want to speak to the state consumer protection agency in your state. There may be a specific division that regulates vehicle purchases. Try searching online for "auto purchase regulation (name of your state)."
      0 Votes

    • 35x35
      May, 2011
      Jennifer
      Thank you for posting! I found my perfect vehicle and couldn't be happier!
      0 Votes

    • 35x35
      May, 2011
      Diane
      We purchased 2 vehicles on Saturday for a bulk price. Today the dealer called and said they forgot to charge sales tax on the vehicle we bought for our son. This is his first car and a birthday present. They said we needed to pay an additional $2200 or they will resind the deal. We paid cash. They didn't ask for the second car back, just the one that they know will hit us the hardest since it is gift for our son. What can we do?
      0 Votes

    • 35x35
      May, 2011
      Bill
      Take your contract to a lawyer who has experience in contract law immediately. Your state law and the contract you signed may allow the dealer to rescind the purchase. On the other hand, the law and the contract may not allow the shenanigans you described. Yes, a lawyer's time is not cheap, but if you do not need to pay the $2,200 an hour's worth of a lawyer's time will be money well spent.
      0 Votes

  • 35x35
    May, 2011
    Marshall
    I receintly purchased a car from a dealer in new york. Now they are saying that since they did not factor in the child support that the loan will be not accepted from the bank and I now have to go with another bank with a higher interest rate and another $800 added to the downpayment or the car will be repo'd. I have all the paperwork of the original contract and loan signed and dated a week ago. Can they cancel this contract and revoke the loan?
    0 Votes

    • 35x35
      May, 2011
      Bill
      You can find the answer to your question in the documents before you. Does your loan contract include a phrase such as, "This finance offer is contingent upon final approval." If so, then your contract allows the dealership to weasel out of the deal. Return the vehicle immediately, undamaged, and cleaner than the day you drove it home. Then walk out of that dealership and find one with an honest finance department.

      If there is no language in the finance contract that allows the dealership to rescind the deal, then consult with a lawyer in your state to discuss any recourse you have against the dealership for it trying to back out of the financing it offered and you accepted.
      0 Votes

  • 35x35
    Aug, 2010
    Bill
    You would have to consult with an attorney licensed in your state to evaluate your rights in this particular situation, but generally speaking, if you have signed the contract, the car is yours. Of course, this doesn't mean you can't ask the dealership about changing your purchase. Maybe you'll get lucky and find that they are open to it, or that the deal wasn't officially processed and left you some wiggle room.
    0 Votes

    • 35x35
      Mar, 2011
      Mandy
      I signed paperwork at 6:00 pm for a vehicle from a dealership. I'd been promised 17-18 miles per gallon in the truck I was purchasing. I had test driven it and the average mileage came in at 11 mpg. I talked to him about it and he claimed it was due to idling on the lot. I drove it to work to discover the next day that I was STILL only getting a high mpg of 13. I work 140 miles from home!!! Fuel mileage was a discussion at the deal. I told him I wanted out of the contract and was bringing the car back. He told me they'd done $176.40 worth of work to my truck in less than 24 hours. Is it right that I should pay when they agreed to drop the contract?
      0 Votes

    • 35x35
      Mar, 2011
      Bill
      If you explained that you need a truck with high gas mileage, and the dealership promised the vehicle would get 17-18 and the best you can obtain is 13, then I would argue the dealership is in breach of contract by selling you a vehicle that did not obtain the mileage promised. The dealership apparently agrees, and is willing to cancel the contract and allow you to return the vehicle.

      If the $176.40 worth of work was to modify the vehicle for your unique needs (such as installing special mirrors or hand controls) then I think it is fair you pay for that work. However, if the work was customary maintenance, such as replacing a defective tire, repairing the brakes, changing the oil, or polishing out a scratch or two, then that $176.40 enhanced the value of the vehicle. It would be unfair to make you pay for repairs or enhancements the next buyer of the vehicle will benefit from.
      0 Votes

  • 35x35
    Aug, 2010
    Marion
    I bought a new car and signed the contract but did not drive the car off the lot (insurance company was closed.) Is it possible for me to rescind the contract after signing or perhaps talk to the car dealership for a car with the attributes I really want?
    6 Votes

  • 35x35
    Aug, 2010
    Bill
    Tattling to one of your creditors for the misdeeds of another is not going to get you anywhere, if that is what you are suggesting. Consult with a NJ attorney who has experience in consumer law to learn if the dealer's misstating the facts on your contract is grounds for rescinding it under NJ law. My guess -- note that word choice -- is yes, but these types of questions are very fact dependent. An attorney will be able to review all of your documents in person and interview you to learn what is relevant under New Jersey law, and will be able to advise you precisely.
    0 Votes

  • 35x35
    Aug, 2010
    Rob
    I was in jeopardy of having my car repossessed. So I went and financed a used car so I could get to work just in case they took my car. Now the bank wants to work with me after saying I had no time to catch up (3 months behind) dealership lied on contract and said I put down 2k. Because of this can I get this contract cancelled by saying I'll tell the bank what happened? (in nj)
    0 Votes

  • 35x35
    Jun, 2010
    Bill
    Maybe. Answers to these types of questions are very fact-dependent. If the facts of the situation are exactly as you described, then the salesperson mislead you and you did not purchase the vehicle you told the salesperson you wanted. Consult with an attorney in your state to discuss your rights under your state's laws.
    0 Votes

  • 35x35
    Jun, 2010
    Michael
    I purchased a new truck and believed it was four wheel drive but did not realize it was not until I was already home with it. I was shown and test drove a four wheel drive truck I located on the dealers website but did not like the options it had. The salesmen showed me a different version and said the differences were interior options (such as leather) and paint scheme but did not mention it was only two wheel drive. Am I stuck with this truck that I don't want now?
    0 Votes

  • 35x35
    Mar, 2010
    Bill
    With regards to the finance company charging the fee of $800 does not sound unusual. However, you could have decided not to finance the car with this particular company. Regarding the GAP insurance I would suggest you speak with a licensed attorney in your state to find out what options you have available in resolving this situation.
    0 Votes

  • 35x35
    Mar, 2010
    jennifer
    I went to finance a car for my daughter over the weekend and I went down as a co-signer...The salespersoon told me that the finance company was charging a $800.00 dollar fee attached to the cost of the vehicle which was 3499.00 and now 4299.00 I never heard such a thing but he stated that it is so...I was also forced to take out GAP insurance in which I was told that was mandatory and that they could not sell me the car without it....I checked into that and found out that it was optional.....What are my options at this point....I like the car but I don't like to be hassled.
    0 Votes

  • 35x35
    Mar, 2009
    Nathaniel
    He probably changed his mind. You can either go through the hassle of enforcing you sale agreement or just sell the car to someone else, and then pay him the money back.
    0 Votes

  • 35x35
    Mar, 2009
    Christian
    I entered into an agreement with a buyer of a car. he paid $350 down and was suppose to pay $200/mo until paid in full. Drove the car 9 miles, said it over heated and had too many problems, parked the car and now wants money back. I had to get the car back to my house, have on video tape me checking out the car. I left it running for about 15 mintues it didn't overheat, no leakage, no problems, is running and sounds fine. What to do now? Can I sell to someone else? He wants his $350 back because "He doesn't see why he paid $350 for a test drive" although he looked over the car for 45 minutes, ran engine, got inside and revved the engine. and then signed the bill of sale and gave me the down payment. I don't think he is entitled to it because he did not come back with the car to show me what was "Wrong". and when I checked it out ON CAMERA it is fine, just like when he took the car. Any help, thanks!
    0 Votes

  • 35x35
    Jan, 2009
    Bill
    If you signed the agreement already, then it might not be possible. Check with your dealer.
    0 Votes

  • 35x35
    Jan, 2009
    Evelyn
    I signed for a car but feel that I really don't want it. They told me my down payment would be $1,000, but end up being $2,450. I'm thinking of putting a stop payment on the down payment checks to force them to rescind my purchase. Is this possible?
    0 Votes

  • 35x35
    Jan, 2009
    Bill
    It is up to the dealer to decide, if they have not ordered the vehicle then they might just let you rescind the purchase, but there is no guarantee as you have already signed the agreement to purchase the vehicle.
    0 Votes

  • 35x35
    Jan, 2009
    Bob
    I signed a purchase agreement on Saturday night in NJ for a new car and gave a $500 credit card deposit. The car is not in stock, so the dealer has to order it. The dealer is closed on Sunday. On Monday morning I want to rescind the purchase. Can I? Am I entitled to my deposit back?
    2 Votes