Legal Question in Consumer Law in Oregon

I don't know if you received my 1st email concerning my 2014 Ford Escape. I was at the Astoria Ford Dealership in Astoria, Oregon yesterday and got involved in trading in my car for a 2016 Escape. I want out of this deal and get my car back. I thought I was able to make this change if done in less than 3 to 5 days. It has not been 24 hours as of this message.

Do I have a legal right to return the car?? I think this is a consumer question.

Katherine


Asked on 10/08/15, 3:18 pm

1 Answer from Attorneys
Daniel Meek Daniel W. Meek

You have no legal right to return the car, unless you took it under the condition that the dealer would arrange financing for you later. As the Oregon Attorney General says:There is no 3-day right of rescission for a car purchase or lease, even if you do not yet have final approval of financing. However, if you cannot get financed at the exact same terms for which you signed an agreement, or if the financing is not completed within 14 days, you must bring the car back to the dealer and the dealer must give you back your trade-in vehicle and down payment.

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Answered on 10/08/15, 5:05 pm


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