Are you wondering whether "can a car dealer cancel a contract?" or "Can you return a car after purchase?"
Well, if the vehicle was purchased through a dealership, then the dealer has the right to cancel the contract, but only if you are notified within ten days of the purchase contract's expiration date.
A "spot delivery" is a term used to describe this type of financing. It is based on the purchase contract's language. Examine your purchase agreement. That's the long yellow document heading "RETAIL INSTALLMENT SALES CONTRACT." Find the icon that says "Seller's Right to Cancel" on the back of the purchase contract. It's in the second column, at the bottom.
Car dealerships are in the business of selling cars to customers, not of financing them. So, after you sign the purchase contract and drive away with the car, this box informs you that the dealership will find a finance company or bank to buy your contract.
This language allows a car dealer to sell your purchase contract to someone else. The majority of the time, this isn't an issue. However, if the car dealer cannot find a buyer for your purchase contract, the contract may be canceled.
However, your car dealer should notify you within ten days of the purchase contract's expiration date. The purchase is considered final and cannot be canceled if it doesn't. This provision appears in every purchase contract about a car purchase in California that I have reviewed, and our firm has reviewed thousands of purchase contracts.
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We hope this blog was able to answer your questions "Can a car dealer cancel a contract?" or "Can you return a car after purchase?".
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