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People suffering from buyer's remorse often wonder if they are allowed to unwind the deal and take the car back. The answer is usually no, though there are some rare occasions where it might be possible. Tennessee law is clear that there is no cooling-off period for car purchases.
The FTC's Used Car Rule requires dealers to post a Buyers Guide in every used car they offer for sale.
The Tennessee Motor Vehicle Commission is committed to the uniform and impartial application of the Tennessee Dealer-Manufacturer Licensing Laws, Rules and Regulations. These regulations are intended to empower consumers while allowing all dealers to compete for business on a level playing field.
People suffering from buyer's remorse often wonder if they are allowed to unwind the deal and take the car back. The answer is usually no, though there are some rare occasions where it might be possible. Tennessee law is clear that there is no cooling-off period for car purchases.
Purpose: To ensure the public will receive compensation for financial harm if an auto dealer fails to comply with dealer licensing law. Who Regulates Dealers in Tennessee: The Tennessee Department of Commerce and Insurance, Motor Vehicle Commission (MVC)
If you have any questions or concerns please do not hesitate to contact our office Monday through Friday, between the hours of A.M. and P.M. CST, at (615) 741-2711. To file a complaint online, please visit CORE.
Can you sue a dealership or private seller that does not provide you with title? Yes, because when you purchase a car you intend to drive, regardless if it is new or used, the dealership or private seller needs to hand down title to you so you are able to register at the DMV.
Department of Consumer Affairs (DCA) In 1970, the DCA was created. The agency now regulates 250 different categories of businesses in California. The DCA is involved with regulating auto dealerships primarily through its Arbitration Certification Program (ACP).