Can you cancel your car loan if the car was taken back to the dealer within 3 days?

In: Auto Loans and Financing

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No. There is no buyers remorse law for cars. If you sign the papers, drive it off the lot and 2 seconds later it breaks into 2 pieces, then you own both pieces.

If the reference is to the "cooling off" period that is included in some state consumer laws, this 72 hour period does not usually pertain to vehicle purchases. It would be necessary for the buyer to consult the laws of the state in which the vehicle was purchased to see if such an option is available.

If the reference is to a defective vehicle, all states have "lemon laws", the party involved can contact the attorney general's office in the state where they live for specific information or visit the website http://lemoncar.com for information.

First answer by Lkysmy. Last edit by Macky. Contributor trust: 3450 [recommend contributor]. Question popularity: 12 [recommend question]

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