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    rmaahs's Avatar
    rmaahs Posts: 2, Reputation: 1
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    #1

    Nov 9, 2008, 03:11 PM
    Bought used car, saw advertised for less on internet
    I bought a used car yesterday for $9500. When I went home and looked on the internet at their website, the car (same VIN#) was advertised for $7000. Is it possible to go back to the dealer and request the difference? Can I cancel my loan and give the car back? I bought it on Saturday and will be going back on Monday. This is in New Jersey and I was wondering what are my rights.
    rmaahs's Avatar
    rmaahs Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Nov 9, 2008, 03:28 PM
    Car Loan
    I bought a used car yesterday for $9500. When I went home and looked on the internet at their website, the car (same VIN#) was advertised for $7000. Is it possible to go back to the dealer and request the difference? Can I cancel my loan and give the car back? I bought it on Saturday and will be going back on Monday. This is in New Jersey and I was wondering what are my rights.
    Buddy19902003's Avatar
    Buddy19902003 Posts: 11, Reputation: 1
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    #3

    Nov 9, 2008, 03:38 PM

    I am not sure about your location or laws, but here in Missouri there is a lemon law that says there is a couple of days that you have to return it. Not sure exactly how many days, so you should check this out right away.
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #4

    Nov 9, 2008, 03:51 PM
    Quote Originally Posted by Buddy19902003 View Post
    I am not sure about your location or laws, but here in Missouri there is a lemon law that says there is a couple of days that you have to return it. Not sure exactly how many days, so you should check this out right away.
    I don't believe that lemon laws apply to any used vehicle.

    You are probably out of luck, unless the dealership offers a time in which you may
    Return the vehicle.

    If they don't offer such a grace period, and you return it, it will most likely be treated as a voluntary repossession. You could be liable for the difference between the amount you financed, and what it sells for at auction, listed as a repossessed vehicle.

    Too bad you didn't do your research before you bought the car.
    progunr's Avatar
    progunr Posts: 1,971, Reputation: 288
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    #5

    Nov 9, 2008, 04:08 PM

    What's up?

    Didn't you like my first answer?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #6

    Nov 9, 2008, 04:28 PM

    I've merged your two threads. Please don't post the same question in different forums.

    First, the lemon law doesn't apply here. Lemon laws deal with defective equipment not buyer's remorse.

    Second. You MIGHT have a right of recission written into the loan contract. Read the contract carefully. But I tend to doubt it since they wouldn't have let you take the car.

    So I doubt if you have any real recourse. This is an issue where the dealer can charge anyting the buyer will accept.
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