Can a dealership take a car back after you signed the contract?

The short answer to the question is “No”. Once you’ve signed on the dotted line of your purchase agreement, the car is yours. A customer may take delivery of a car on a Friday, drive around for the weekend and suddenly see something that is much more appealing. But once you’ve signed the deal, this is binding.

Can your car loan be denied after closing?

You can be denied a car loan after you’ve purchased it. It’s unlikely that a bank will do so, but it’s more common for a dealership to revoke a loan if you’ve financed through them.

Can a car dealer renege on deal?

1 attorney answer The car dealer cannot lower the trade-in value. This is a common practice with used car dealers wherein the car dealer does one deal and then, in an attempt to make more money, tries to get you back in to sign another contract (with a higher…

Can you return a car you just financed?

Unless your vendor has communicated a return policy, like a 7-day time window for changing your mind, you cannot return a car due to buyer’s remorse. Once you’ve signed off on your financed car purchase, it’s legally yours.

Do new cars have scratches?

New cars are also frequently damaged when moved around the lots. The cars are in tight spaces, with dings and scratches quite common. Before taking delivery of your car, make sure you do a close inspection, both on the outside and interior of the car.

Can a dealership ask for their car back?

The standard California car contract only allows the dealer 10 days to find financing. The only thing the dealer can do is take the car back, refund you 100\% of your money, and return your trade-in vehicle, if you had one. The dealer cannot charge you for mileage.

Can I return a car to the dealership?

If you’ve purchased a new or used car and you’re having second thoughts about it, in most cases, you won’t be able to return the car. The dealer who sold you the car is usually not legally obligated to take the car back and issue you a refund or exchange after you’ve signed the sales contract.