How Do You Rescind A Car Purchase Contract?
Buying a new car is usually a joyous time, but sometimes, even after the contract is signed, there are reasons for rescinding it. Things can happen that can cause you to want to get out of a contract that will likely last years. Or sometimes the dealer is dishonest when making the sale and you do not find out right away. Any of these reasons can cause you to want out of a vehicle contract. Cancel the contract quickly. You have the right to legally rescind your contract under certain conditions according to Section 43 in the Motor Car Trader’s Act. Study the provisions of the Motor Car Trader’s Act so that you understand your legal rights. By law, you are allowed three days to cancel your contract even after you have already signed the contract. This is called a “cooling off” period. Rescind the contract as close to the three-day period as possible if all of the promised conditions have not been met by the seller or when you discover that the vehicle is not up to the standards you initi
