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JGM
JGM, Solicitor
Category: UK Law
Satisfied Customers: 10090
Experience:  30 years as a practising solicitor.
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WHAT IS THE COOLING OFF PERIOD A USED CAR FROM A DEALER IN

Customer Question

WHAT IS THE COOLING OFF PERIOD FOR BUYING A USED CAR FROM A DEALER IN N.S.W/?
Submitted: 1 year ago.
Category: UK Law
Expert:  JGM replied 1 year ago.

There is a one-day, waivable cooling-off period if you buy a car on linked credit (eg. where the dealer provides finance or is an agent of the finance provider). During this cooling-off period you can cancel the contract by giving a signed, written notice to the dealer. If you cancel the contract during this time, you will have to pay the dealer $250, or 2% of the purchase price, whichever is the lesser amount. I hope this helps. Please leave a positive rating so that I am credited for my time.

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