Legal Question in Consumer Law in Texas

Returning a Car Two days after Signing Contract

My car was repossesed, and I found myself without transportation for work. I became desperate, and signed a contract today with someone that offered me credit, but the terms are too high and there is no way I can continue paying for the car and still be able to afford anything else. Tonight I found a way to have transportation without buying the car, and someone told me that under Texas law I can return the car within three days of signing the contract without it affecting my credit. Is this true? What can I do to return the car?


Asked on 10/31/04, 2:15 am

1 Answer from Attorneys
Sharon Campbell Sharon K. Campbell

Re: Returning a Car Two days after Signing Contract

Your friend is incorrect. There is NO right to rescind a contract within three days. The contract you signed is final and enforceable.

Read more
Answered on 10/31/04, 1:03 pm


Related Questions & Answers

More Consumer Law questions and answers in Texas