Is there a law giving you the right to rescind car purchase in Colorado?

Yes, there is a law in Colorado giving you the right to rescind a car purchase. The Colorado Buyer's Right to Cancel Law allows you to cancel a purchase contract for a motor vehicle within three business days of the purchase.

To exercise your right to rescind, you must:

1. Notify the dealer in writing of your intent to cancel the contract within three business days of the purchase.

2. Return the vehicle to the dealer in the same condition as you received it.

3. Pay the dealer any reasonable costs incurred in connection with the purchase, such as registration or inspection fees.

Once you have exercised your right to rescind, the dealer must refund any money you paid for the vehicle, including any down payment or trade-in allowance.

Note: This law only applies to purchases made from dealers, not private sellers. Also, there are some exceptions to the law, such as for purchases made at a motor vehicle auction or for vehicles purchased for commercial use.