Legal Question in Credit and Debt Law in Florida
I signed a contract to purchase a new vehicle. After sleeping on what I had done overnight, I experienced "buyer's remorse". I took the car back. Now the dealership is telling me, I HAVE to take the car as I signed the contract. I do not have the car, the car is back at the dealership. I did sign the contract, but I realized that I could not afford what I signed for. I made a mistake. I signed the contract on Thursday night, I took the car back Saturday morning. The dealership put the car back in my driveway on Monday and left it there while I was at work. I took the car back to the dealership on Monday night. Now I am getting threats to damage my credit. What is my recourse?
3 Answers from Attorneys
None. There is no "buyer's remorse" exception to buying a car.
It may say in the fine print that you may have three business days to cancel the contract. However, it sounds as if the three days has already passed. If you are still in the three business day period, you should write a letter canceling the contract and hand deliver it to the dealership. Also send a copy to them by fax and by certified mail.
Unfortunately, a contract is a contract. I'd be almost certain that the "3-day" clause Mr. Meyer is talking about isn't in your contract, though, of course, it never hurts to look. That clause normally occurs only in contracts where the sale occurs at your home or somewhere other than a place owned or lease by the dealership. It's an FTC regulation, and it sounds like it doesn't apply in your case. Unfortunately, the best advice we may be able to give to you here is: enjoy your new car.
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