Bought a car today and have buyer's remorse. What are my options?

[Capitalizt]

This is actually a question for my mom. She just called me nearly in tears...in total panic over an "impulse purchase" she made today. She has always wanted a convertible, and saw a beautiful one sitting in front of the local dealer for a great price. It's a 2004 model and she did get a good deal on it, but seriously can't afford the payments.

Are there any laws or loopholes that would allow her to return the car within 24-48 hours of purchase?

Any options at all?

 

[Kelemvor]

That varies by state I think...

 

[olds]

If she drove it off the lot, it's hers.

 

[tasmanian]

If she just doesnt pay for it they will tow it away. Her credit will get hurt but theyll take it back.

 

[Mermaidman]

Don't think so, but sounds like she has more global issues that can be addressed. I wonder though what would happen if her loan is not approved. Also, no harm for her to call the dealer and ask. Since it's the weekend, I doubt the process for titling the car has even started. Hopefully, she hasn't put more than a few miles on the car.

edit for your edit: Because it's a used car, I think her chances for returning it is better. Take her to the dealer ASAP! Yes--You should go with her to provide the mental fortitude for haggling with the dealer.

 

[GagHalfrunt]

AFAIK buyers remorse recission laws are only in place for contracts, not retail purchases of hard goods. If you signed a contract to have your driveway refinished it can be canceled. If you bought a load of gravel and had it delivered it's yours to keep. Your mom should start by contacting the dealer. They *might* let her out of the deal with a small penalty. If not, she's going to have to sell it on her own.

 

[RossMAN]

Used or brand new?

What state does she live in?

 

[MyThirdEye]

Good game, it's hers for life!

 

[BoomerD]

MOST states have no "buyer's remorse" laws for automobile purchases. Odds are, she's stuck with the car, and HOPEFULLY, she learned a valuable lesson.

 

[aphex]

as others have said, we need to know the state.

 

[thomsbrain]

in CA, there is no cooling off period for buyer's remorse. you buy it, it's yours.

 

[imported_Baloo]

She can cancel, but needs to do so right away. She has 3 days from the day she signed. But expect lots of resistance, refuse all costs - she'll end up paying something anyway, but they will try to fee her to death. This will not be easy.

 

[jackace]

If it's used and she got a good deal reselling it could be an option as well.

 

[Don Vito Corleone]

This is entirely a question of state law, and your profile doesn't reveal your state, so it's hard to help. Most states do not allow a car buyer to back out on a deal because of cold feet, however.

 

[Blayze]

She will probably end up being stuck with it. She could always try to sell it.

 

[AgaBoogaBoo]

How was she treated? Can the way she was treated be a factor at all?

 

[Capitalizt]

Thanks for all the answers so far guys. The state is Kentucky by the way..

She said the dealership was very nice, so hopefully if she politely begs them, they will take it back monday morning.

 

[compnovice]

Originally posted by: Capitalizt
Thanks for all the answers so far guys. The state is Kentucky by the way..

She said the dealership was very nice, so hopefully if she politely begs them, they will take it back monday morning.

I seriously doubt it.. Dealers are always polite when you are buying...

 

[ElFenix]

here's the kentucky code.[<a target=_blank class=ftalternatingbarlinklarge href="http://">h....ky.gov/krs/titles.htm[/l</a>
chapter 190 is motor vehicle sales, but mostly deals with licensing dealers for doing business.
chapter 355 is the UCC, but that isn't going to help you.

sounds like you're going to need to sell the car.

 

[Pacfanweb]

Did she sign all the paperwork and leave with either a new tag or a temp tag, or on a dealer plate? In NC, if you leave on a dealer plate, the customer can technically still bring it back.

 

[Colt45]

Originally posted by: jackace
If it's used and she got a good deal reselling it could be an option as well.

Mom + Impulse car purchase != good deal, in my experience.

 

[StageLeft]

Originally posted by: BoomerD
MOST states have no "buyer's remorse" laws for automobile purchases. Odds are, she's stuck with the car, and HOPEFULLY, she learned a valuable lesson.

If she's old enough to have a literate child at least in his teens and still has done things like this, I think it's pretty safe to say she'll never learn it.

 

[biggestmuff]

Originally posted by: RossMAN
Used or brand new?

What state does she live in?

An '04? Come on. :roll:

 

[maziwanka]

just tell her to sell the car and absorb the loss.

will be a great deal for the next buyer.

 

[Kroze]

she is retarded.