Massachusetts Offer to Purchase a Vehicle
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How to fill out Offer To Purchase A Vehicle?
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FAQ
If you've purchased a new or used car and you're having second thoughts about it, in most cases, you won't be able to return the car. The dealer who sold you the car is usually not legally obligated to take the car back and issue you a refund or exchange after you've signed the sales contract.
Can I cancel the purchase of my car? You do not have a 3-day right to cancel your purchase of a new or used vehicle if you are unhappy with the vehicle. Once a contract is signed, it is considered legally binding.
At the end of the 7 business days, if the manufacturer has your car, you may pick it up whether it has been fixed or not. If the defect hasn't been repaired, you have a right to the cost of repairs, a refund, or a replacement car.
The vast majority of car dealers have no written policies that allow you to rescind the purchase agreement you've signed. This means your only recourse is to plead your case. You can say that you have discovered you don't like the car or that it will stretch your budget and put you in dire financial straits.
Article summary. An offer to purchase offer is a legally binding contract; once you sign it, you cannot easily change it. As a prospective buyer, you should make sure your finances are in order and obtain bond pre-approval before making an offer.
If they don't tell you about a known problem, you have 30 days to cancel the sale and get your money back. You're also protected under the Massachusetts Inspection law. When you buy a car, you must have it inspected at a registered station within seven days of you buying it.
Unless your contract has specific language providing a right to cancel, you are the owner of the car once you sign all of the documents and cannot cancel car loan before delivery. The dealer is under no obligation to take the car back if you change your mind, even if you choose not to drive the car off the lot.
You can back out of buying a car with a dealership. You may have difficulty backing out of a car purchase if you've signed the paperwork and have taken possession of the vehicle. If you signed a loan agreement and motor vehicle paperwork, you may not have any recourse.
Once you've signed on the dotted line of your purchase agreement, the car is yours. Provided, of course, that the agreed payment to the dealer has been registered in the dealer's bank account. Cash is king, said a dealer that AutoTrader approached with this question.