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

[sniperruff]

well, what car is it and how much?

 

[Inspector Jihad]

sell it to another impulsive mom.

 

[jupiter57]

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.

IIRC, and I could be wrong, but I am thinking that there is a 3 day cooling off period on automobile purchases here in Kentucky.
Gonna do a little research now, BRB.

Worst case scenario: Have her cancel the insurance on it. If they are financing, they will come & pick up the car ASAP! Of course, they will still try to charge her a lot of different fees, but I worked with a guy once, he bought a Camaro at a "Buy here- Pay Here" lot, took out insurance just to get it off the lot. The very afternoon he drove it off, he went to the insurance co. & canceled the insurance & got some of the cost refunded. About 3 days later, they towed his car back to the lot!

 

[kranky]

According to this Kentucky BBB site there is NO cooling-off period for car purchases once you've signed the contracts and taken possession of the vehicle.

 

[halik]

haha what the fvck... I think that car is the least of your moms issues

 

[SarcasticDwarf]

If your mom has reached this point then you and/or her relatives need to have a talk about taking over her finances.

 

[waggy]

Originally posted by: jupiter57

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.

IIRC, and I could be wrong, but I am thinking that there is a 3 day cooling off period on automobile purchases here in Kentucky.
Gonna do a little research now, BRB.

Worst case scenario: Have her cancel the insurance on it. If they are financing, they will come & pick up the car ASAP! Of course, they will still try to charge her a lot of different fees, but I worked with a guy once, he bought a Camaro at a "Buy here- Pay Here" lot, took out insurance just to get it off the lot. The very afternoon he drove it off, he went to the insurance co. & canceled the insurance & got some of the cost refunded. About 3 days later, they towed his car back to the lot!

wont matter. they will either reposses the car (bad bad bad), make you purchace expensive insurance or won't even notice.

if they take it they will try to sale it at auction. they then will sue his mom for the diffrence and ruin her credit.

best choice is to live with it. she screwed up and has to pay for it like every adult.

 

[doze]

Carmax has a 5 day return window for any reason, don't know of anybody else who does this though.

 

[IGBT]

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

..true. it will get assigned to a repo man and he'll show up in the dead of night and whisk it away.

 

[getbush]

If there were a 3 day cooling off period on car purchases, I would be at the track every weekend in my flavor of the week.

 

[JEDI]

Originally posted by: 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?

nope.. she's stuck

car impulse buy?!

sheesh.. she must have a lot of credit card debt.

declare bankrupcy is she cant afford car.

then teach her better

 

[jadinolf]

Originally posted by: oldsmoboat
If she drove it off the lot, it's hers.

 

[jadinolf]

Originally posted by: RossMAN
Used or brand new?

What state does she live in?

A 2004 is usually used.

 

[Jeffwo]

I think it's 3 days to return an automobile nowadays in all states.

Worse comes to worse call an attorney but I would have it there (at the dealership) first thing (like 8 a.m.) Monday morning and give it back to them.

 

[BoomerD]

Originally posted by: Jeffwo
I think it's 3 days to return an automobile nowadays in all states.

Worse comes to worse call an attorney but I would have it there (at the dealership) first thing (like 8 a.m.) Monday morning and give it back to them.

Nope. Almost NO state offers a cooling off period for automobile purchases. (good lobbying by the automotive industry...)

http://www.tilfordlaw.com/index.php?id=44
"One additional statement should be made regarding new cars. Whether leasing or purchasing a new vehicle, many consumers are often under the impression that state law provides for a ?cooling off? period (usually three days) during which a consumer may reconsider the deal and rescind the transaction. In fact, neither Kentucky nor Indiana provide for such protection. Once you purchase or lease the vehicle, you are obligated to pay."

 

[otispunkmeyer]

just sell it again? im pretty sure a convertible wont be that hard to sell on. might take a hit on the money, but what can you do? shouldnt of impulse bought a car...that was pretty stupid

 

[compuwiz1]

If her correct name is on the contract, she signed it, and took delivery (drove the car off the lot), then congratulations, she IS an owner.

 

[AdamK47]

Well, what is it?