Buyer with second thoughts likely stuck
My sister bought a new car Dec. 29. She is having buyer's remorse because she now realizes that she cannot afford her new $500 a month payment for six years. Can she change her mind, get the car back that she had traded in and cancel the agreement?
Sorry to tell you, but it's likely your sister is stuck. While some states have what is called a "cooling off'' period involving major purchases, that option usually goes out the window once the buyer takes possession of the car.
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