Thursday, August 25, 2011

How to Change Your Mind on Buying a Car After the Papers Are Signed

If you regret buying a car and want to return it, you aren't alone. Buyer's remorse is a common feeling once a buyer returns home with a shiny new car and the hefty monthly payment that goes along with it. Whether you feel you've been subjected to high-pressure sales tactics or if you just can't afford that car payment after all, you may be able to return the car in some situations.

Instructions

    1

    Contact the dealer and tell employees there you would like to void the contract and return the car. Each dealer sets its own policies for returning cars and you might just luck out if you went to the right dealer. Unless there are specific state laws that cover buyer's remorse on cars, the dealer is under no obligation to take the car back. As of December, 2010, two states have buyer's remorse laws: New Jersey and California.

    2

    Check your state's consumer laws. Contact your local Motor Vehicle Department and ask if there is a law in your state for car buyer's remorse. You can also try contacting your state's attorney general office. Although most states have a three-day buyer's remorse for contracts, it usually doesn't apply to cars.

    3

    Contact an attorney if you feel you've been misled or the dealer misrepresented something on the contract. A simple letter to the dealer from an attorney might prompt it into letting you give the car back. You may have no choice but to instigate legal action.

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