Legal Question in Credit and Debt Law in California

It depends on what the contract says. A car dealer in California is prohibited from selling used vehicles priced at less than $40,000 retail to noncommercial buyers, without offering a contract cancellation option agreement. The charge for this cancellation option uses a sliding scale, starting at $75 for a used vehicle that costs $5,000 or less, up to 1 percent of the vehicle's purchase price for a car costing from $30,000-$39,999.99.

If you bough the car from a private party or a seller outside of California, then you won't have this provision.