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You can obtain or print the Maine Arbitration Agreement for Car Purchase from their service.
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The Act states the car must be of a satisfactory quality, fit for purpose and as described. (For a used car, satisfactory quality takes into account the car's age and mileage.) You have a right to reject something faulty and you're entitled to a full refund within 30 days of purchase in most cases.
While products sold to you at home (door to door) may be returned within 3 days if you change your mind, Maine law does not allow a "cooling off" period for sales taking place outside of the home, such as used cars purchased from a dealer.
As a buyer, if the dealer has not obeyed the law and refuses to repair your car, you may be able to force the dealer to take the car back and give you your money back. The Maine Lemon Law protects you if you purchase a defective new vehicle.
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.
(For a used car, satisfactory quality takes into account the car's age and mileage.) You have a right to reject something faulty and you're entitled to a full refund within 30 days of purchase in most cases. After 30 days, you lose the short-term right to reject the goods.
Most of the time this is not a problem. However, if the car dealer cannot find someone to buy your purchase contract, it can cancel the purchase contract. But, the car dealer must notify you within 10 days of the date on the purchase contract. If it does not, then the purchase is final and cannot be cancelled.
Laws against defective vehicles can be found in Maine Lemon Laws, which covers new automobile purchases for either three (3) years, the term of the manufacturer's express warranty or within 18,0000 miles. Used cars are handled in a separate section known as the Used Car Information Act (UCIA).
Under the Maine Automobile Lemon Law, if the consumer reports serious defects to the dealer or manufacturer during the express warranty period, within three years of the date of delivery or during the first 18,000 miles of operation (whichever is earlier), the Lemon Law requires the manufacturer to make the necessary
You can definitely back out of a new car loan if you haven't signed any papers. Without signing any papers, nothing is legal yet, so the dealer would have no legal recourse if you returned the vehicle and backed out.
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.