Many state laws provide what's known as a "cooling-off period" for buyers who purchase used cars from dealers. A cooling-off period gives buyers a certain number of days (typically two to five days) after they purchase a car to change their minds and return it for a full refund.
Express Warranties
Some states have express warranty laws that protect buyers who purchase used cars from dealers. An express warranty is a written guarantee made by the dealer that the car is free from defects. If the car does not meet the terms of the warranty, the buyer may be able to return it for a refund or replacement.
Implied Warranties
In addition to express warranties, most states also have implied warranties that protect buyers who purchase used cars from dealers. An implied warranty is a legal guarantee that the car is fit for its intended purpose and is free from major defects. If the car does not meet the terms of the implied warranty, the buyer may be able to return it for a refund or replacement.
Lemon Laws
Most states also have lemon laws that protect buyers who purchase used cars from dealers. A lemon law is a law that requires car dealers to repair or replace cars that have been determined to be lemons. A car is considered a lemon if it has:
* A defect that cannot be repaired or significantly reduces the value or safety of the car
* Been out of service for repairs for a total of 30 or more days during the first year of ownership
* Had the same problem repaired multiple times
Other Protections
Some cities and counties also have their own consumer protection laws that protect buyers who purchase used cars from dealers. It's important to check with your local government to see if there are any additional protections available to you.
Get EVERYTHING in writing
If a dealer won't put an agreement in writing, take your business elsewhere. Make sure you get:
* The agreed-upon purchase price
* Any fees or additional costs
* The terms of any warranty
* The return policy
* The dealer's contact information
