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Michigan Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement

State:
Michigan
Control #:
MI-BM-073-01
Format:
PDF
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A01 Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement
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  • Preview A01 Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement
  • Preview A01 Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement
  • Preview A01 Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement
  • Preview A01 Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement
  • Preview A01 Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement

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FAQ

Generally there is no statutory "buyer's remorse" period under Michigan law, which, depending on the contract you signed, may not even apply here as...

AN ACT to prohibit certain methods, acts, and practices in trade or commerce; to prescribe certain powers and duties; to provide for certain remedies, damages, and penalties; to provide for the promulgation of rules; to provide for certain investigations; and to prescribe penalties. History: 1976, Act 331, Eff.

Get your money back. Return your car to the dealer and get out of your contract. Keep your car, but make the dealer pay for repairs or pre-existing damage.

The remedies provided by the Lemon Law, which include the right to return your vehicle and receive a refund of the purchase or lease price, are not triggered until the vehicle is subjected to a reasonable number of repairswhich will occur well beyond three days after your purchase.

No. There is no such thing as a "three-day cooling off period" or any other time period during which you can return the vehicle. Your sales contract is binding.Do not store it in your vehicle.

There is a federal law (and similar laws in every state) allowing consumers to cancel contracts made with a door-to-door salesperson within three days of signing. The three-day period is called a "cooling off" period.

No, but because Michigan law defines a new car to include a car still covered by a manufacturer's express warranty at the time of purchase or lease, it could apply to a used car that meets that criteria.

You can sue a used car dealership for selling you a bad car if they did not properly disclose any known issues with the vehicle. So a car dealer who doesn't tell the potential buyer that the vehicle was previously involved in an accident is engaged in fraud.

You have THREE business days to cancel a contract if: The sale was solicited in the consumer's home; or. A gift was offered for attending a sales presentation that led to the contract; or. A consumer's primary home is used as security and the loan is not used to purchase or construct the home.

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Michigan Complaint regarding Default on Payment Under Dealership Agreement and Purchase Money Agreement