Cooling-Off Period: Texas law provides consumers with a short "cooling-off period" or a "right of rescission" when buying a used car from a dealer. During this period, you can typically cancel the deal and return the car for a refund under specific conditions.
Timeframe for Return: The cooling-off period usually ranges from 2 to 3 business days (excluding Sundays and holidays) from the date of purchase or delivery of the vehicle, depending on the dealership's policy. The exact timeframe and any additional requirements should be outlined in the contract you sign when buying the car.
Reasons for Return: The Texas Deceptive Trade Practices-Consumer Protection Act (DTPA) allows you to return a used car within the cooling-off period if the car is not as represented, has hidden defects, or if the dealer engages in deceptive practices. This right also extends to vehicles purchased "as-is" or "with all faults."
Requirements for Return:
- Rescission Notice: To exercise your right to return the car, you must provide written notice to the dealer within the specified timeframe. The notice should include your intention to cancel the contract, the date of the purchase, the make, model, and year of the car, and any relevant reasons for the return.
- Return the Car: Once you give notice, you must return the car to the dealer in substantially the same condition as when you purchased it. You should also bring all documents, keys, and accessories that came with the car. Dealers may charge reasonable fees or deduct any damages incurred due to excessive wear or abuse during the cooling-off period.
- Refund: If the requirements are met, the dealer must refund the full purchase price, minus any legitimate charges or deductions, within a specified number of days (often 10 to 15 days) after receiving the car.
It's important to note that used cars may come with warranties, and the specific return policy can vary based on the dealership's policies, the type of vehicle, and any additional agreements or disclosures. Carefully read and understand all the terms and conditions before signing the contract when purchasing a used car.
If you encounter any issues or disputes related to returning a used car, you may want to seek legal advice or consult the Texas Attorney General's Office for guidance on consumer protection laws.
