1. Right to cancel the contract: According to most state laws, if the buyer has not made any payments on the car, they may have the right to cancel the contract and return the car to the dealer. The specific timeframe for cancellation may vary, but it is typically within a few days of signing the contract.
2. Right to a refund: If the buyer cancels the contract, they are entitled to a full refund of any payments they have made, including the down payment and any other fees. The dealer may be required to refund the money within a certain period of time, such as 10 days.
3. Right to damages: In some cases, if the buyer cancels the contract and returns the car, they may be entitled to damages from the dealer for any losses they have incurred as a result of the transaction. For example, if the buyer has paid for insurance or registration, they may be entitled to reimbursement for those costs.
4. Right to take legal action: If the dealer refuses to refund the buyer's money or refuses to accept the return of the car, the buyer may have the right to take legal action to protect their rights. This may involve filing a complaint with the state attorney general's office or filing a lawsuit in court.
It is important to note that the specific rights of buyers who have not made any payments on a car may vary depending on the state in which the transaction took place. It is advisable to consult with a local consumer protection agency or an attorney to understand your rights and options if you are in this situation.
