I recently went to a used car dealership where I have signed a purchase agreement to buy a car. I put down a down payment down and after a couple days of waiting to sign the rest of the paper work I decided to back out on the purchase. I have not taken possession of the car, is it to late to get my down payment and back out?

Most dealerships have very lengthy and rather complicated contracts, If you signed any paper work it most probably has something about that in there.

If they are not willing to give you your money back then see if they are willing to let you pick another one instead.

Also the used car dealer guys that I know go to auction on a regular basis and will even take a customer to the auction with them to pick out what they want if they have something particular in mind. But you have to still go by their price rather than the auctions price.

Sounds like they are trying to FORCE you to take the car. However, if you do not take the car nor pay for or, or take out a loan for it, then how are they going to get paid for it?

Do not take the car, do not give them any money. They will find out that they cannot win.

If the paper work you signed says you will buy the car, ( and I bet it does) but you are bound by what you signed.

My guess if you don't take the car, they will keep the down payment