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I bought a car on Saturday evening but changed my mind after I read some of the papers on Sunday morning. Do I have an absolute right to cancel the contract within 72 hours?

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I bought a car on Saturday evening but changed my mind after I read some of the papers on Sunday morning. Do I have an absolute right to cancel the contract within 72 hours?

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No. A 72 hour cancellation notice applies to certain home solicitation transactions, telephone solicitation transactions, and home improvement contracts. It does not apply to automobile purchases. However, if you discover problems with the vehicle after the purchase which significantly impair its value, you may be able to utilize a different remedy. The problem must be concealed or difficult to discover and significant enough that you would not have purchased the vehicle if you had known about the problem. If you think this circumstance applies to you, you should immediately contact an attorney for assistance.

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