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Wednesday, May 18, 2011

Is There A "Cooling Off" Period for A New Car?

There is a Federal Trade Commission rule that says if you buy an item in your home or at a place or location that is not the seller's permanent place of business, you may have the option of return or refund should you change your mind. This rule specifically excludes the following* and that includes cars, vans, trucks or other motor vehicles:

- purchases less than $25;
- automobiles, vans, trucks, or other motor vehicles sold at temporary locations,
provided the seller has at least one permanent place of business;
- goods or services not primarily intended for personal, family or household
purposes;
- are made entirely by mail or telephone;
- are the result of prior negotiations at the seller's permanent business location
where the goods are sold regularly;
- immediate purchases that are needed to meet an emergency.
- any repairs or maintenance for your personal property that are part of what you
request from a seller
- arts or crafts sold at fairs or locations such as shopping malls, civic centers,
and schools.


Each state may have its own laws in place that apply to new vehicle purchases and the right to a return or refund for your car if it turns out you don't like or want the vehicle.

The best advice is to do your homework before you purchase any new or used car. If you've read up about the vehicle, researched the dealer to make certain they are legitimate and have driven the car prior to taking it home buyer remorse should be a non issue.

Visit the Attorneys for Consumers site to get more information on lemon law and auto fraud and your consumer protection rights when purchasing a vehicle.

Rules provided by FTC Consumer Protection section of www.FTC.gov

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