Question: Can I Return A Financed Car Within 30 Days?

Question: Can I Return A Financed Car Within 30 Days?

Long story short, you want to return the car.

Most stores let you return clothes and products for a refund if you regret the purchase.

You might wish you could void your purchase contract and simply give the car back to the dealer.

But unlike other consumer products, it’s not easy to return a car.

What happens if you return a financed car?

Unfortunately, yes, you may still owe on the car. Simply returning a car to the dealer doesn’t necessarily resolve whatever debt is attached to the vehicle. The car is used as collateral to secure the loan. Regardless of the car’s condition or status, the lender still expects the loan to be repaid.

Can I return a car within 30 days?

Dealer Policy. There are some dealers that offer between 24-hours and up to a whopping 30 days of grace period after purchasing a new vehicle. Some dealerships return the full purchase price during this time with no questions asked while others will pro-rate your purchase just as if you had rented the car.

Can I cancel car finance within 14 days?

This means that you have 14 days to cancel your order at no extra cost to you. After that 14 days is up, you do not have the chance to cancel without penalty. After that 14 days, you can change your finance agreement, but you still have to remain committed to the vehicle.

Photo in the article by “News – The Russian Government”