Many consumers are under the impression that they have a 3-day right to cancel any and all consumer purchases. However, this is not true. The right to cancel law applies only to very specific situations.
The 3-day right to cancel law applies to sales made at facilities other than the seller's place of business. Such locations may be the consumer's residence and places rented on a temporary or short-term basis, such as hotel rooms or convention centers.
A "home solicitation transaction" takes place whenever a consumer purchases goods or services for more than $25 payable in cash or installments at a place other than the seller's place of business. The place other than the seller's place of business may be the consumer's home, but it may also be a place that the merchant has rented on a temporary basis, such as a hotel room or convention center.
So unless you entered into the contract at your home or at a temporary location then unfortunately you would be unable to cancel the contract.
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I just read that a buyers remorse law was passed in 2010 for auto purchases. Is this true?
So there is nothing I can do? I really cannot afford this car. They really should not have sold it to me in the first place, as they could see that I do not make a lot of money.
As a last resort, could I resell the car back to them? Please, I don't know what to do.
I realize that the trade will probably be less than the new car price, but maybe I could trade it in for my old car, which is much less in value.
Thank you for your time. You were great, although I did wish for a different answer.
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