Consumption and Real Estate
Does Vermont have a grace period for returning vehicles to dealerships?
Question : Does Vermont have a grace period for returning vehicles to dealerships?
I purchased a vehicle on a saturday evening (today is Sunday). On the way home a few lights came on (most likely minor problems like a spark plug or could be breaks – I’m not sure.). We did purchase a full 3 year bumper to bumper warranty so what ever it is – I’m sure it would be covered. This was at a Nissan dealership. I felt pressured to purchase the car and now after sleeping on it, I feel it was not a very good deal. I am supposed to go in on Monday (tomorrow) to sign the bank paperwork so as far as I know, I haven’t done the loan yet. My question is, can I legally get out of this and get my trade back? I know the bank won’t release money to the dealership as I haven’t signed anything for them but can the dealer take my trade, pay it off, and keep it? Believe it or not, this happened once to me in Florida when I was very young. I drove in with a trade and left with nothing. So please tell me, what are the laws about this. I read something about every state having a three day federal right of recision.
This vehicle was a used car – purchased in Vermont.
Dale, are you saying that I’m stuck in it OR if I tell them I’m not signing anything else then I’m out of the deal? I’m confused on your response. Thanks!
I just want to find out if I can return this vehicle and get my trade back if I refuse to sign anything from the bank releasing money to the dealer. The lights that came on are not such a big concern however but I wasn’t happy with the deal when I left and felt pressured into it – I hate it when dealers do this. I left upset but with new car – that is not how I should feel. 
florida home warranty
Best answer:
Answer by chucksright
no
does not exist
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#2 written by SkyPilot 1 year ago
You do not have 3 days much less three hours to change your mind. Once you have signed all the paperwork at the dealer and the loan is approved, it is your car. If, by chance, you have yet to sign the financing and purchase documents, you MAY be able to get out of the deal. I honestly wonder why people think they can make a deal, sign all the papers and then decide to change their mind. The consideration should be done BEFORE buying. I don’t buy the “I felt pressured” garbage either. It is an excuse for being ill prepared and tries to shift the blame to the dealer. If you feel for any reason the deal is not right, you can’t afford it or whatever…..walk away. Plain and simple.
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#3 written by peterthegreat 1 year ago
You may have signed a sales contract, and even though you haven’t signed a loan application, the dealer may try to hold you to it. He’ll use every trick he knows to not lose the deal. You don’t have three days to back out, but if you don’t sign loan papers, the dealer doesn’t get paid for the car and there’s nothing he can do — except make you miserable.
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#4 written by jay 1 year ago
Well there is no grace period, but your situation doesn’t apply to a grace period. You didn’t sign the contract yet, so you don’t own the car. You can take it back, they will give you hell about it, and probably charge you for the day and miles of which you were driving it. But after a lengthy argument with the dealer, they really have nothing holding you to the car. you will lose any money you gave them and they may have already ripped the stickers off your car. it’s not gonna be easy, but possible to get out of this at this point. Dont’ delay, do it as soon as possible.
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#5 written by dale b 1 year ago
No state has a 3 day right of recision. You probably are stuck. The only way out is if you absolutely refuse to sign anything else…it sounds like they signed you on a “one pay” contract, and it won’t really hold water. Just get them to fix the bugs, make your payments on time, and be more careful next time. Good luck.
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I’m not sure you can get out until you’ve signed the financing paperwork and that loan gets denied.
Being pressured is not an excuse as you are a big girl now…
The bad thing for you is that spark plugs and brakes are “wear items” and NOT covered under warranty.
There is no right to whatever, so enjoy your car if the loan goes through. The dealer held up his end, now it’s your turn.
(Who’s the moron that negged me? Oh, it was a mistake and accidental…okay.)