Monday, May 24, 2010

Do you legally have a 72 hour grace period on backing out on a new car loan in n.c.?

i just bought a new truck on saturday and am not pleased with it

Do you legally have a 72 hour grace period on backing out on a new car loan in n.c.?
NO!!!!





Wal-Mart may accept returns without question, but new car dealers don't.





"Buyers remorse" clauses only apply to in-home sales, where a salesman was in your house, and you felt like you were forced to buy his product in order to make him leave. If you bought the new truck from a dealer's showroom, then it's yours.





If you really don't want to keep the truck, you might be able to talk the dealer into taking it back, but he has no legal obligation to do so.
Reply:72 hour grace period only applies if somebody comes to your home or place of business, not when you, of your own free will, took the time %26amp; effort to test drive, demo, negotiate, buy, sign, %26amp; drive off the lot in your new vehicle


However some dealers will allow an EXCHANGE, if the paperwork hasn't been submitted yet.


Also ...haven't you seen the commercials or ads for daimler-chrysler ? They are giving you 30 days....to dump out their new vehicles......BUT read the fine print....THERE ARE FEES for this
Reply:Read your sales contract.
Reply:yea, but do it quick. ur contract for the car loan mentions the 72 hour grace period and you should have been informed of the 72 hour grace period when u signed the papers.
Reply:not sure about vehicle insurance though


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